Scottish fintech company, AutoRek, a leading software provider to global financial services firms announces it has been selected as one of the world’s most innovative RegTech companies as part of the annual RegTech100 list. It is compiled by RegTech Analyst, a pre-eminent provider of data, research and analysis on the global RegTech market.
This year’s process, to identify the 100 RegTech innovation leaders, was more competitive than ever. A panel of analysts and industry experts voted from a longlist of over 1,000 companies assembled by RegTech Analyst. Sixty-two new companies entered the RegTech100 for 2021 and the finalists were recognised for their innovative use of technology to solve significant industry problems or generate efficiency improvements across the compliance function.
AutoRek is a financial controls, regulatory reporting and data management platform which provides complete and seamless control of data. Despite all the ups and downs of 2020, AutoRek continues to see a huge demand within the financial services sector for regulatory reporting solutions, with many firms already implementing AutoRek to meet their reporting requirements.
Kemal Sangrar, Head of Product, AutoRek, said, "AutoRek is delighted to be listed in the RegTech100 for the third consecutive year. This award is recognition of our commitment in delivering regulatory reporting solutions to the financial services industry and testimony to innovative strategy underpinning our product. We anticipate another great year ahead and are looking forward to the launch of our next big release, AutoRek 6.0."
Mariyan Dimitrov, Director of Research, RegTech Analyst, added, “At RegTech Analyst, we take pride in consolidating the RegTech100 list each year. With the RegTech industry still expanding and evolving, we have found it important that Financial Institutions are kept up to date with the most innovative RegTech companies out there and having gone through the process the last three years, AutoRek is certainly one of them.”
A full list of the RegTech 100 is available at www.RegTech100.com.
The RegTech Analyst platform is a special version of FinTech Global, provider of comprehensive data, valuable insights and analytical tools for the global FinTech industry.
For further information, please contact: [email protected]
Notes to editors
AutoRek is a leading software provider to companies in the global financial services arena.
An industry pioneer at the forefront of data management, AutoRek’s customisable tools enable firms to automate and streamline the collection, validation and reconciliation of data. This facilitates the necessary transparency for good governance and fulfilling regulatory obligations. Efficiency and cost reduction are delivered by eliminating spreadsheets and manual processing, as well as mitigating operational and regulatory risk associated with migrating high volumes of data.
Its clients span the asset management, banking and insurance sectors and include high street banks, challenger organisations, start-ups and crowdfunding platforms.
Current Managing Director, Gordon McHarg co-founded AutoRek in 1994 as an information and data management consultancy, later developing and coding its own software, successfully still in use today.
Headquartered in Glasgow, with offices in Edinburgh, London and New York, the firm has over 80 employees, possessing extensive experience in finance, regulation and technology.
Corporate social responsibility is at the heart of AutoRek’s ethos and it is involved in a number of initiatives to reduce waste, help local communities and create a positive work environment for its employees.
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