Top 10 RegTech Startups in India

Top 10 RegTech Startups in India

Regulatory Technology, commonly known as RegTech, has emerged as a critical component in the financial services industry, especially in a country like India, where regulatory frameworks are evolving rapidly. RegTech startups leverage technology to help businesses comply with regulations efficiently and cost-effectively. Here, we explore the top 10 RegTech startups in India that are making significant strides in this domain.

1. Signzy

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FoundersAnkit Ratan, Arpit Ratan, Ankur Pandey
Founded2015
LocationBengaluru, Karnataka
Websitesignzy.com
SpecializationDigital onboarding, KYC/AML compliance, AI, Blockchain
Key FeaturesBiometric authentication, fraud detection, regulatory reporting
Signzy: Top 10 RegTech Startups in India

Signzy

Signzy is revolutionizing the banking and financial services industry with its digital onboarding solutions. By combining AI, blockchain, and biometrics, Signzy offers a seamless and secure way to verify identities and ensure compliance with regulatory requirements. Their solutions help banks and financial institutions reduce fraud and enhance customer experience.

2. Fintellix (Clari5)

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FoundersVivek Subramanyam
Founded2006
LocationBengaluru, Karnataka
Websitefintellix.com
SpecializationRisk management, compliance, analytics
Key FeaturesRegulatory reporting, risk assessment, financial crime management
Fintellix: Top 10 RegTech Startups in India

Fintellix

Fintellix, a Clari5 company, specializes in risk, compliance, and analytics solutions for banks and financial institutions. Their regulatory compliance platform automates and streamlines the process of adhering to complex regulatory requirements, including those related to risk management, financial crime, and reporting.

3. NSEIT

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FoundersSubsidiary of National Stock Exchange of India
Founded1999
LocationMumbai, Maharashtra
Websitenseit.com
SpecializationCompliance management, risk assessment, regulatory reporting
Key FeaturesAutomated compliance processes, risk analytics, secure IT infrastructure
Nseit: Top 10 RegTech Startups in India

NSEIT, a subsidiary of the National Stock Exchange of India, provides a comprehensive suite of RegTech solutions designed to address the needs of the financial services industry. Their offerings include compliance management, risk assessment, and regulatory reporting, helping firms navigate the regulatory landscape with ease.

4. Cognext

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FoundersRajesh Shewani, Ramesh Shewani, Pooja Shewani
Founded2016
LocationMumbai, Maharashtra
Websitecognext.ai
SpecializationRegulatory reporting, risk management, compliance automation
Key FeaturesAdvanced analytics, machine learning, real-time compliance updates
Cognext: Top 10 RegTech Startups in India

Cognext is focused on providing innovative solutions for regulatory reporting, risk management, and compliance. Their platforms leverage advanced analytics and machine learning to help financial institutions automate regulatory processes, reduce operational risks, and ensure timely compliance with regulations.

5. IDfy

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FoundersAshok Hariharan, Rajesh Mirjankar, Venkat Raju
Founded2011
LocationMumbai, Maharashtra
Websiteidfy.com
SpecializationIdentity verification, KYC/AML compliance
Key FeaturesAI-based verification, fraud prevention, real-time authentication
IDFY: Top 10 RegTech Startups in India

IDfy offers a wide range of identity verification and authentication services, making it easier for businesses to comply with KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations. Their solutions use AI and machine learning to provide real-time, accurate verification, reducing fraud and enhancing security.

6. Perfios

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FoundersV R Govindarajan, Debasish Chakraborty
Founded2008
LocationBengaluru, Karnataka
Websiteperfios.com
SpecializationData aggregation, financial analysis, compliance management
Key FeaturesData enrichment, automated financial reporting, risk assessment
Perfios: Top 10 RegTech Startups in India

Perfios specializes in data aggregation and analysis, providing tools that help financial institutions manage their compliance obligations more effectively. Their solutions facilitate the extraction, enrichment, and analysis of financial data, enabling better decision-making and ensuring adherence to regulatory standards.

7. Simpliance

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FoundersAmitabh Sinha
Founded2015
LocationBengaluru, Karnataka
Websitesimpliance.in
SpecializationCompliance management, labor law compliance
Key FeaturesCloud-based platform, automated compliance tracking, regulatory updates
Simpliance: Top 10 RegTech Startups in India

Perfios specializes in data aggregation and analysis, providing tools that help financial institutions manage their compliance obligations more effectively. Their solutions facilitate the extraction, enrichment, and analysis of financial data, enabling better decision-making and ensuring adherence to regulatory standards.

8. Riskcovry

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FoundersAlok Tiwari, Raghavendra Kashyap, Anand Vidyashankar, Nitin Malhotra
Founded2018
LocationMumbai, Maharashtra
Websiteriskcovry.com
SpecializationInsurtech, regulatory compliance for insurance
Key FeaturesIntegrated compliance tools, automated KYC/AML, regulatory reporting
Riskcovery: Top 10 RegTech Startups in India

Riskcovry is an insurtech startup that also offers robust RegTech solutions. They provide a platform that integrates insurance products with regulatory compliance tools, enabling insurers and brokers to manage regulatory requirements seamlessly while offering their services.

9. Finbox

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FoundersRajat Deshpande, Alok Mittal
Founded2015
LocationBengaluru, Karnataka
Websitefinbox.in
SpecializationCredit assessment, risk management, compliance automation
Key FeaturesBig data analytics, machine learning, predictive analytics
Finbox: Top 10 RegTech Startups in India

Finbox provides a comprehensive suite of financial and regulatory technology solutions, including credit assessment, risk management, and compliance automation. Their platform leverages big data and machine learning to offer predictive analytics and ensure that financial institutions remain compliant with regulatory norms.

10. Lendbox

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FoundersGautam Bhargava, Vikas Mehta
Founded2015
LocationNew Delhhttps://businessmax.in/tag/new-delhi/i
Websitelendbox.in
SpecializationP2P lending, KYC/AML compliance, risk assessment
Key FeaturesAutomated KYC, secure lending platform, compliance reporting
Lendbox: Top 10 RegTech Startups in India

Lendbox is a peer-to-peer (P2P) lending platform that incorporates RegTech solutions to ensure compliance with regulatory requirements. Their platform offers automated KYC and AML checks, risk assessment, and compliance reporting, providing a secure and compliant environment for borrowers and lenders.

Conclusion

The RegTech landscape in India is rapidly evolving, with numerous startups developing innovative solutions to help businesses navigate the complex regulatory environment. These top 10 RegTech startups are leading the way by leveraging advanced technologies such as AI, blockchain, and machine learning to provide efficient, cost-effective, and secure compliance solutions. As the regulatory frameworks continue to evolve, these startups will play a crucial role in ensuring that businesses can adapt and thrive in a compliant manner.

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