We are thrilled to rank in the RegTech100 list for 2020 as “The World's Most Innovative RegTech Companies”. RegTech100 annually lists the world’s most innovative technology solution providers that address the challenges and opportunities of dealing with regulatory issues within financial services.
“Employing RegTech solutions to modernize the compliance function is now mission-critical for financial institutions globally”, said Mariyan Dimitrov, head of research at RegTech during the list announcement.
MCO is delighted to be recognized for its use of innovative technology to solve problems in the industry. Over the past 15 years, MCO has helped companies to reduce costs and make improvements within the compliance activity.
MCO had a brilliant 2019, launching two new products, reaching more than 380 customers including the acquisition of Piper Jaffray as a client. In addition, MCO opened a new office in Singapore to lead the development of MCO’s existing APAC operations where MCO sees a prosperous growth.
MCO’s CEO, Brian Fahey, credit the company growth to the constant improvements of MyComplianceOffice software and company commitment with its customers. The company customer focus has created a strong ground for its business, attracting new customers and reaching a customer retention of 97%.
“Making the RegTech100 list for the first time is a great achievement and recognition of our team’s success and hard work. We will continue with our commitment to provide affordable, easy-to-use, compliance technology with continued investment in our products and customer support around the world in the years to come” said Brian Fahey.
The RegTech (regulatory technology) industry has established itself as one of the most important sectors within financial technology after seeing tremendous growth in the past three years. Over $14bn has been invested in RegTech companies since 2016, as banks and other financial institutions grapple with the costs and complexities of regulatory requirements.
Details of the full RegTech ranking list are available at www.RegTech100.com
To read full article about MCO and CEO, Brian Fahey access this link.