London, November 21, 2019. ClauseMatch, a London-based regulatory technology company with a unique SAAS offering for financial institutions, has been selected to the list of the world’s most innovative technology solution providers that address the challenges of dealing with regulatory issues within financial services by RegTech Analyst, a specialist research firm.

Fifty-five new companies entered the RegTech 100 this year, ClauseMatch being among them. A panel of analysts and industry experts voted from a list of 824 companies produced by RegTech Analyst, compared to a list of 416 in 2018. The finalists were recognized for their innovative use of technology to solve a significant industry problem, or to generate cost savings or efficiency improvements across the compliance function.

“The impact of the most innovative RegTech companies will be measured in billions of dollars over the next few years,” according to Mariyan Dimitrov, head of research at RegTech Analyst. “RegTech 100 companies offer solutions that enhance processes across the entire compliance function, including on-boarding verification, risk management, communications monitoring, information security and reporting by using the latest technologies such as artificial intelligence, the blockchain, natural language processing, and biometrics.”

Evgeny Likhoded, CEO & Founder, ClauseMatch, commented: “It is an honour for us to be recognised and included on this prestigious list of the companies in the RegTech space globally. 2018 has shown significant growth for ClauseMatch. Our compliance platform is now being used by some of the world leading financial institutions and attracted investments from the top venture capital funds marking the most successful year for ClauseMatch.”

ClauseMatch works with the world’s leading financial institutions, legal firms, and corporates including Barclays following the time at Barclays Accelerator Program. And it is live at several top-tier banks for policy management and regulatory compliance. ClauseMatch enables them to streamline regulatory change management through effective organisation of internal policies, standards, procedures, and controls.