Veratad has earned a spot on the latest RegTech100 list. The RegTech100 is now in its fourth year, and was set up to recognize technology solutions that allow financial services institutions to comply with the industry’s strict regulatory requirements.
The companies on the RegTech100 were whittled down from a roster of more than 1,000. The original list was put together by RegTech Analyst, while the winners were selected by a group of analysts and industry experts, based on their ability to solve pressing financial problems or make operations more efficient. The RegTech100 breaks the final list down into categories like identity verification, risk management, and information security to make it easier for financial institutions to peruse the list and find solutions that best meet their needs.
“Financial Services and Fintechs are an important part of our focus and we are committed to providing those customers with a suite of leading-edge services to meet their fraud prevention and compliance challenges,” said Veratad CEO John Ahrens. “We look forward to new opportunities to serve the industry that may come as a result of both the award and our ever-expanding portfolio of services.”
Ahrens called particular attention to Veratad’s new Smart2FASM identity verification solution. Smart2FASM uses phone records to more securely link a device with its owner and enable two factor authentication during the customer onboarding process. The selfie biometrics specialist FacePhi is one of the other companies on this year’s RegTech100 list.