Collecting the data for this report is important to track the progress of the RegTech/SupTech eco-system. This data has been collected since 2019 and actively tracks the time to value (time taken to full deployment) and a myriad of other metrics from RegTech vendors, Regulatory/Central Agencies and Institutional perspectives.
The 2023 Industry Perspective Report shows that progress is positive, but that there's still more work to be done. The RegTech Association, with the support of our members and the wider ecosystem, will continue to track and monitor progress.
RegTech solutions are being adopted with increased pace from 13 months in 2019 to 8.1 months in 2023
TOP TAKEAWAYS
RegTech Vendors
Despite a tough economic environment 54% of RegTechs saw more customer demand and 36% reported more than 30% revenue growth
Page 10 - 2023 Industry Perspectives Report
RegTech Buyers
Customers are a key driver for RegTech adoption and 75% expect their budget to increase in RegTech
Page 17 - 2023 Industry Perspectives Report
Regulators
80% of regulators have onboarded a RegTech or SupTech solution and are expecting an increased appetite going forward
Page 21 - 2023 Industry Perspectives Report
PREVIOUS INDUSTRY PERSPECTIVES REPORTS
Download our previous Industry Perspectives Reports below or find more resources on our Info Hub
REGTECH MATTERS ON INDUSTRY PERSPECTIVES
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