Report Overview

Juniper Research’s new Regtech research report provides insightful analysis of the evolution of this area; assessing use cases driving adoption, their future prospects, and challenges to future market growth.

It provides a comprehensive study of the new partnerships and key trends driving this highly important market for users, banks and fintech companies.

The report also positions 18 regulatory technology vendors via our Juniper Research Competitor Leaderboard; providing an invaluable resource for stakeholders seeking to understand the vendor landscape in the market.

The report also presents comprehensive market forecasts; delivering extensive insights and overall market sizing across regtech usage.

This research suite comprises:

  • Strategy & Forecasts (PDF)
  • 5-year Market Sizing & Forecast Spreadsheet (Excel)
  • 12 months' access to harvest Online Data Platform
Key Market Statistics
Market size in 2022: $67.6bn
Market size in 2026: $203.5bn
2022 to 2026 CAGR: 32.11%

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Key Features

  • Market Dynamics: A detailed assessment of how the market is evolving, what the regulatory environment is in different countries and its role in future growth.
  • Segment Analysis: Future outlook and comprehensive analysis of digital onboarding and KYC.
  • Juniper Research Competitor Leaderboard:  Key player capability and capacity assessment for 18 regtech vendors:
    • Behavox
    • Chainalysis
    • ComplyAdvantage
    • Continuity
    • Encompass
    • Feedzai
    • Fenergo
    • Forter
    • Identitii
    • IDology
    • Moody’s Corporation
    • Onfido
    • Sift
    • Socure
    • Symphony Ayasadi
    • Tookitaki
    • Trulioo
    • Trunomi
  • Benchmark Industry Forecasts: Forecasts for regulatory technology spending, split by KYC checks for banking and property sales done via legacy checks and AI systems as well as splits by our 8 key regions and the 60 countries listed below:
    • Algeria
    • Argentina
    • Australia
    • Austria
    • Bangladesh
    • Belgium
    • Brazil
    • Canada
    • Chile
    • China
    • Colombia
    • Croatia
    • Czech Republic
    • Denmark
    • Ecuador
    • Egypt
    • Finland
    • France
    • Germany
    • Greece
    • Hong Kong
    • Hungary
    • India
    • Indonesia
    • Ireland
    • Israel
    • Italy
    • Japan
    • Kenya
    • Kuwait
    • Malaysia
    • Mexico
    • Nepal
    • Netherlands
    • New Zealand
    • Nigeria
    • Norway
    • Pakistan
    • Peru
    • Philippines
    • Poland
    • Portugal
    • Qatar
    • Romania
    • Russia
    • Saudi Arabia
    • Singapore
    • South Africa
    • South Korea
    • Spain
    • Sweden
    • Switzerland
    • Thailand
    • Turkey
    • UAE
    • UK
    • Ukraine
    • Uruguay
    • US
    • Vietnam

Key Questions Answered

  1. What will the global spend be on regulatory compliance by 2026?
  2. What are the applications of regtech?
  3. What framework and technologies need to be in place to support regulatory technology market growth?
  4. What are the biggest opportunities for vendors in this market?
  5. Who are leading vendors in this market?

Companies Referenced

Included in the Juniper Research Competitor Leaderboard: Behavox, Chainalysis, ComplyAdvantage, Continuity, Encompass, Feedzai, Fenergo, Forter, Identitii, IDology, Moody's Corporation, Onfido, Sift, Socure, Symphony AyasdiAI, Tookitaki, Trulioo, Trunomi.
 
Mentioned: ABN AMRO Ventures, ACAMS Gold, Accel, Acuant, Adcock Private Equity, Addition, Adobe, AltaIR Capital, Alyne GmbH, Amazon, American Express, Armilar Venture Partners, Artesian:DueDil, Assembly Payments, Astorg, Azul Systems, BaFin (Federal Financial Supervisory Authority), Balderton Capital, BankID, Baringa, Basel Committee of Banking Supervision, BDC Venture Capital, Beijing Local Financial Supervision and Administration Bureau, Benchmark, Big Commerce, BioCatch, Bitpanda, BitSight, Bitstamp, Blumberg Capital, BNY Mellon, Bridgepoint, Capgemini, Capital One, Card.com, CBIRC (China Banking and Insurance Regulatory Commission), CBSL (Central Bank of Sri Lanka), CEX.IO, CFPB (Consumer Financial Protection Bureau), CFTC (Commodity Futures Trading Commission), Chronicle, Circle, Citigroup, Cloudera, Codat, Cognizant, Coin, CoinJar, CoinSpot, Commerce Ventures, Conexo Ventures, CreditInfo, Credorax, CRIF, crypto.com, Custodia, Data Robot, Datastax, Deloitte, DEO (Department of Economic Opportunity, DNB Bank ASA, Dun & Bradstreet, DXC Technology, ECB (European Central Bank), EIOPA (European Insurance and Occupational Pensions Authority), Elayaway, Elliptic, Emailage, Empire Angels, EnStream, Equifax, European Payments Council, Eversheds, Experian, Eyn, FCAC (Financial Consumer Agency of Canada), FDIC (Federal Deposit Insurance Corporation), FF Venture Capital, Fintonia Group, Finxact, Fireblocks, First Data, Flutterwave, Founder Collective, Fraud Sciences, FreedomPay, FSB (Financial Stability Board), FundApps, GBG, Global Payments, Goldman Sachs Asset Management, Google, GreenID, Hoxton Ventures, HPE (Hewlett Packard Enterprise), IAIS (International Association of Insurance Supervision), ID Mission, ID3global, Index Ventures, Insight Partners, IOSCO (International Organisation of Securities Commissions), Keyless, Kohlberg Kravis Roberts, LendUp, Loeb, March Capital Partners, Mastercard, Microequities Asset Management, Microsoft, Middlesex Federal Savings, Mitek, Mitratech, Mitsubishi UGF Financial Group, Mouro Capital, National Internet Finance Association of China, New Enterprise Associates, Novo, Nuvei, O2, Obopay, OCC (Office of the Comptroller of the Currency), Omega Venture Partners, Ontario Teachers’ Pension Plan, OSFI (Office of the Superintendent of Financial Institutions), Oxford Commission on AI & Good Governance, PayPal, Perella Weinberg Partners, Perennial Partners, Perennial Partners, Point Nine Capital, PRA (Prudential Regulation Authority), Promus Ventures, Protiviti, Pulumi, PWC, REIT (Real Estate Investment Trust), Resistant AI, Revelock, Ribbit Capital, Robinhood, Rowe Price, RTP Ventures, Sabra Health Care Limited, Salesforce Ventures, SAP, Sapphire Ventures, Scale Venture Partners, Scottish Enterprise, Scottish Investment Banks, SEC (Securities and Exchange Commission), Sequoia Capital, Serendipity Capital, SERGO European Logistics, Seven Seat Capital, Shopify, Shyft, Sionic, SoftBank, Solarisbank, Sound Ventures, Sozo Ventures, Spark Capital, SteelEye, Stripes Group, TCV, TeleSign, Tenfore Holdings, Tesco, Three, TransUnion, TSB, Two Sigma Ventures, Ulster Bank Diageo Venture Fund, Umazi, Union Square Ventures, UST Global, Vodafone, WeChat, Well Fargo Strategic Capital, WhatsApp, Whitepages Pro, Work-Bench, WorldQuant Ventures, Zooz.
 
 
 
 
 

Data & Interactive Forecast

Juniper Research’s Regtech forecast suite includes:
  • Forecast splits by bank accounts and property sales:
    • KYC checks carried out using AI systems
    • KYC checks carried out using legacy systems
  • Interactive scenario tool allowing users to manipulate Juniper Research’s data for 5 different metrics.
  • Access to the full set of forecast data of 63 tables and more than 28,000 datapoints.

Geographical splits: 60 countries

Harvest: Our online data platform, harvest, contains the very latest market data and is updated throughout the year. This is a fully featured platform enabling clients to better understand key data trends and manipulate charts and tables, overlaying different forecasts within the one chart - using the comparison tool. Empower your business with our market intelligence centre, and get alerted whenever your data is updated.

Interactive Excels (IFxl): Our IFxl tool enables clients to manipulate both forecast data and charts, within an Excel environment, to test their own assumptions using the Interactive Scenario Tool and compare selected markets side by side in customised charts and tables. IFxls greatly increase a clients’ ability to both understand a particular market and to integrate their own views into the model.

Forecast Summary

Global regtech spend will exceed $204 billion by 2026; accounting for over half of all regtech spend for the first time. This spend will grow from $68 billion in 2022; representing a growth of over 200% over the next four years. The integration of regtech services with BaaS (Banking-as-a-Service) models will be key to realising this future market growth.
  • BaaS models, which include outsourcing regtech services, such as digital onboarding, will be key in accelerating AI-based automation for online document verification and KYC processes.
  • AI-powered onboarding enables financial institutions to benefit from real-time progress reporting and automation, which help meet rising client expectations and reduce compliance cost. 26% of digital onboarding processes in the banking market will use AI systems by 2026, compared to just 8% in 2022. Beyond digital onboarding, regtech will leverage BaaS models to swiftly expand the use of AI in banking for more comprehensive tasks, such as fraud detection and mitigation.
  • Regtech vendors must also provide verification services in emerging areas where compliance is being disrupted, such as cryptocurrency exchanges, digital healthcare and online gambling. Impending changes to regulations in these markets will provide significant opportunities for regtech vendors to broaden their focus beyond financial markets to capitalise on new addressable user bases.

Regtech Reports

Date
Price

Full Research Suite

  • Market trends, strategies and forecasts report (pdf)
  • Market data & forecasts - All topic data and interactivity (xls)
  • harvest market data platform (12 months’ online access) - find out more

Click here for more information and purchase options

Apr 2022

$3947

€3588

£2990

PDF Report & Excel

Market trends, strategies and forecasts report (pdf)
Market data & forecasts - All topic data and interactivity (xls)

Click here for more information and purchase options

Apr 2022

$2970

€2700

£2250

Research FAQs

What growth has been seen in the regtech market?
What effect has regtech had on digital onboarding?
What are the regtech market trends?

Research Details

Publisher:
Juniper Research
Published:
19/04/2022
Author(s):
Harshada Thok
Category:
Fintech & Payments
Regions:
8 Key Regions - includes North America, Latin America, West Europe, Central & East Europe, Far East & China, Indian Subcontinent, Rest of Asia Pacific and Africa & Middle East
Countries:
Algeria, Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Croatia, Czech Republic, Denmark, Ecuador, Egypt, Finland, France, Germany, Greece, Hong Kong, Hungary, India, Indonesia, Ireland, Israel, Italy, Japan, Kenya, South Korea, Kuwait, Malaysia, Mexico, Nepal, Netherlands, New Zealand, Nigeria, Norway, Pakistan, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russian Federation, Saudi Arabia, Singapore, South Africa, Spain, Sweden, Switzerland, Thailand, Turkey, Ukraine, United Arab Emirates, UK, Uruguay, USA, Vietnam