RelyComply in RegTech100 list
RelyComply, a provider of an anti-money laundering compliance platform, has been recognised in the RegTech100 list for 2024.
The RelyComply platform flags suspicious transactions and sanctioned individuals in real time to enable institutions to reduce illegal activities.
Regulatory technology (RegTech) combines regulations with technology to facilitate compliance with increasingly complex regulations in various industries, especially banking, finance, communications and energy.
The RegTech100 is an annual list of 100 of the world’s most innovative RegTech companies, as chosen by senior executives and thought leaders in financial and regulatory technology.
“We are thrilled to be acknowledged in the RegTech100 list,” said Bradley Elliot, CEO, RelyComply.
James Saunders and Bradley Smith founded RelyComply in 2020 to enable financial institutions to streamline the implementation of anti-money laundering processes.
RelyComply provides an AI-driven platform that simplifies anti-money laundering compliance end to end. The company’s solutions have been adopted by financial institutions including Standard Bank, MoneyGram and SnapScan.
Driving the adoption of smarter anti-money laundering technology is seen as key in South Africa, as the country was recently greylisted by the Financial Action Task Force for failing to address compliance challenges and meet global standards.