Trulioo is extremely excited to win the Best RegTech Solution by Fintech Breakthrough Awards! The mission of the FinTech Breakthrough Awards is to honor excellence and recognize the creativity, hard work and success of FinTech companies, technologies and products.
“We’re honored to be recognized for providing the best RegTech solution in the industry, ” said Stephen Ufford, CEO of Trulioo. “During this pivotal time when the volume and complexities of regulations and legislative changes continue to grow, legacy banks and fintech startups are leveraging RegTech solutions to reduce costs and redundant compliance procedures for increased operational efficiencies.”
2017 represents the inaugural year of the FinTech Breakthrough Awards. With the ever-increasing scope of products and services available in the realm of finance, the awards honored the most innovative and dependable candidates in the field. A panel of senior-level judges who have earned a reputation for fairness and credibility, including analysts, journalists, and technology executives who have worked in the fintech space determined FinTech Breakthrough winners.
With over 3,000 nominations in total, the competition was extremely fierce, and the RegTech category was perhaps the most competitive. Payments, lending, personal finance, banking and beyond, FinTech is one of the hottest topics in the technology industry today, disrupting and innovating the largest industry in the world, financial services, at a rapid pace.
We’re in great company – some of the winners from other categories include Discover Bank, NerdWallet, Zillow, Square, Braintree, Bizfi, Xero and an impressive list of top companies and startups in the FinTech industry. The industry represents 50 billion dollars in global investment, has 1362 companies in 54 countries around the world, and will process an estimated 36 trillion dollars in digital payments in 2017.
“Regulatory compliance is undeniably a crucial part of a sustainable business within the financial system,” said Ufford. “Our identity verification solution, GlobalGateway, is helping regulated businesses meet cross-border AML/KYC compliance requirements efficiently and effectively so that they can focus on product innovation and scalability.”