5 Top RegTechs in Legal & Regulatory Analysis

RegTech to the rescue! The financial crisis has brought a time of regulatory reform never seen before often referred to as the Regulatory Tsunami and Regulatory Technology (hence the acronym) has been praised as the silver bullet.

MiFID II, FATCA, MAD II/MAR, AIFMD, EMIR, Basel III, Benchmark Regulation, AML IV, Dodd-Frank, UCITS V, and the list goes on. Financial firms not only rely on technological innovation to comply with these rules, but could also use a hand tracking and analysing new and existing regulations to determine the business impact and a course of action. To address this need, RegTechs try to find innovative solutions to replace an antiquated system of spreadsheets and folders full of colour-coded legislative documents.

As part of our series of articles on the seven RegTech categories, we proudly present you 5 Top RegTechs in Legal & Regulatory Analysis:

AQ Metrics

Offices: Headquartered in Dublin with an office in New York
Founded: 2012
Description: AQ Metrics aims to deliver a simple, effective and innovative way to address regulatory risk and compliance. To do that they employ the latest cloud computing and big data analytics technology to deliver an ultra-fast, high quality cloud based platform that saves its clients’ time and money. They are also a great example of much needed female leadership in the finance industry with Geraldine Gibson as CEO and Claire Savage as COO on the helm, though we are sure their male colleagues are doing a great job, too.

Suade Labs

Offices: Based in London, UK
Founded: 2014
Description: Suade works with a three-step approach of Interpretation that determines where a bank stands within the current regulatory framework, Management that use Suade’s tools to manage implementation efficiently and fit within regulations, and Response that aims to maximise a firm’s business opportunity with proactive solutions. They’ve been so successful in doing this that they were invited last year to join the Bank of England and the FCA Innovation Hub to South Korea to discuss recent innovations around FinTech and RegTech. They also partnered with legal giants Simmons&Simmons who “believe Suade’s platform could revolutionise the entire process chain of regulation from publication to implementation.”


Offices: Headquartered in New York City
Founded: 2009
Description: 8of9 takes complex financial regulation and breaks it down into discrete data points. Its Regulatory Reference Data platform provides this information as a service that feeds the financial institutions’ computer systems. You already have to like them for describing themselves as a Nerdfarm of charismatic leaders who make it happen, who don’t believe anyone is born with these skills, but do believe they are cultivated over time, with practice and thoughtful polishing. The company stays also true to its non-profit roots with its division The 9th Element, which through score card rating system has the ability to show a company’s commitment to financial returns as well as their return on impact.

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Offices: Based in Chicago/USA
Founded: 2015
Description: Only a year into business, these boys from Windy City have recently raised a $1.2 million in seed funding. Why? Ascent’s cloud based software maps a firm’s business activities to relevant rules in real time, assists in tracking and complying with relevant requirements and let’s you even import existing policies, procedures and manuals to create a single ecosystem.

CoVi Analytics

Offices: Headquarters in London/UK
Founded: 2015
Description: Software as a Service already is a well-established model, so Compliance as a Service is only logical, the guys at CoVi must have thought, too. After all it’s all about being more efficient and reducing cost of Compliance. CoVi aims to unify the entire compliance value chain, simplifying and automating on-going regulatory workflows from regulatory text to on-going compliance activities, supported with AI technologies and superfluid visualisations.

Legal & Regulatory Analysis is a promising field for RegTech disruption and we appreciate that there are other great companies out there that we have not named in this article. Let us know your thoughts on our selection or drop us a line if you think your company should been up there at info@planetcompliance.com

In the next article of our series on top companies of our seven RegTech categories we will focus on Reporting, so stay tuned. If you missed our previous articles on some of the key players in the other RegTech categories, why don’t you have a look here.

Lavanya Rathnam

Lavanya Rathnam is an experienced technology, finance, and compliance writer. She combines her keen understanding of regulatory frameworks and industry best practices with exemplary writing skills to communicate complex concepts of Governance, Risk, and Compliance (GRC) in clear and accessible language. Lavanya specializes in creating informative and engaging content that educates and empowers readers to make informed decisions. She also works with different companies in the Web 3.0, blockchain, fintech, and EV industries to assess their products’ compliance with evolving regulations and standards.

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