Best RegTech Project

Target audience 

Banks, financial institutions, fintech companies, technology providers. 

Detailed definition 

Best RegTech Project is open to both established solution providers and innovative newcomers, seeking to highlight RegTech projects that have successfully improved firms’ abilities to respond to the evolving and complex regulatory requirements across the financial services industry.  

RegTech solutions, which address financial crime prevention, should consider applying for an award in the Best Financial Crime Solution category. 

This award will be given to a bank, FI, or fintech company that excels in the field of regulatory compliance by reducing compliance costs, assisting in the transition towards standardised and automated reporting, etc. and without disrupting customer experience or creating inefficiencies for employees. 

All submissions must be live and out of the development phase. Pilot programmes will be considered but must clearly be described as such and the judges will be looking for evidence of success in the pilot against pilot metrics.  

This award is for projects. Solution providers should work with a client to nominate the implementing project. If you apply only with your product/service in this category, your entry will not be shortlisted. 

The initiatives may be running in any country/countries. 

Please provide the following information: 

Nominee and nominator 

  • Name of nominating organisation 
  • Project name (entry title) 
  • Name(s) of nominated organisation(s) 
  • The nature of the business relationship between you as the nominator and the nominee company 

Project description

The judges will assess your entry against the following criteria. You are free to describe the programme and support your case with additional material as you think appropriate. However, we strongly suggest that you do NOT submit generic promotional material and sales brochures. Please limit your submission to a maximum of 1,500 words.  

The criteria are:  

  • The Reg Tech Project has resulted in tangible benefits/value for the end-user and the organisation  
  • The project can be demonstrated to have delivered a solution to a specific problem leveraging brand, channels or other capabilities and technologies                                                                    
  • How the project was either fundamental to a single provider in the market or helped a wide range of companies to achieve their business objectives                                     
  • Signs of success demonstrated through KPIs/quantifiable evidence from a reliable source 
  • The project stands out from its competition either through performance, innovation, value to stakeholders, added value features or other means as described in the submission 

Evidence of success/metrics

Please provide as much information as you can and quote the source of that information. Such information might include the following, but this is not an exhaustive list and in each case the judges will be looking for evidence that supports your claims about the key benefits of the programme: 

  • The length of time the project has been live 
  • Some quantitative measure, if relevant, on how often the programme has been used since launch until January 2023 
  • Growth in use, both historical and extrapolated projections 
  • How has this transformed the user experience?