Asia-Pacific regulatory technology market is anticipated to grow at a significant CAGR of 20.6% during the forecast period. The Asia-Pacific regulatory technology market comprised on several Asia-Pacific market players such as Argos KYC, Bureau van Dijk, Centenal Group, CustomerXPs, and Dathena Science among others. These players are adopting different growth strategies such as new solution launches, mergers & acquisitions, partnerships, and collaboration among others to remain competitive in the global market place. For instance, in October 2020, Mastercard has forged a partnership with India-based regtech startup Signzy to enable video-based KYC solution for its banking customers. Under the agreement, Mastercard will provide its clients with Signzy’s Video KYC solution to enable a paperless, remote onboarding for end-users.
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In February 2018, Singapore- based RegPac Revolution and Japan-based encognize have announced a co-operation agreement to support and accelerate the innovation and adoption of Regulatory Technologies, RegTech, in both countries through a program of joint-initiatives. The objectives of the collaboration are to:
- Run an exchange visit between Singapore and Japan to introduce RegTech companies into their respective countries and assist them with their go-to-market strategy
- Co-create guidelines allowing solutions to be tailored to the needs of the local market
- Liaise with governments and regulators for trade missions and road shows
- Collaborate on specific themes and topics in the regulatory space for events, seminars and workshops
- Facilitate cross-border knowledge exchange
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segment Covered-
- By Solution
- By Deployment Model
- Competitive Landscape- Argos KYC, Bureau van Dijk, Centenal Group, CustomerXPs, and Dathena Science
Asia-Pacific Regulatory Technology Market Report Segment
By Solution
- Risk Management
- Transaction Reporting & Monitoring
- Customer Identification and AML/KYC
- Regulatory Intelligence
By Deployment Model
- Cloud Based
- On-Premises
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
