TAINA selected as a market leading RegTech Solution in Deloitte’s 2023 RegTech Report
27th July 2023
TAINA is one of Top 100 RegTech Solutions featured in the 2023 RegTech Report
The TAINA Platform was one of the top 100 RegTech solutions featured in the Deloitte 2023 RegTech report. TAINA’s best in class FATCA & CRS Validation Platform is a fully automated, flexible, and lightweight solution designed for organisations grappling with tax compliance operations. It covers the entire customer lifecycle management journey, from document request to validation, and withholding. By leveraging this platform, businesses can streamline their compliance processes, improve efficiency and customer experience, and ensure adherence to regulatory requirements.
“It is truly an honour to be voted by Deloitte’s esteemed panel of industry experts as one of the top 100 leading Regtech companies” said Maria Scott CEO of TAINA Tech.” TAINA continues our efforts to ensure our solution is best-in class and kept up to date with regulation developments.”
The growth of the RegTech Landscape and Embracing AI
In 2017, the concept of RegTech and its potential to address compliance challenges and drive technological development caught the attention of many industry experts. Since then, the adoption of RegTech solutions has skyrocketed, fuelled not only by fast-changing regulations and technological advancements but also by the digitalisation of human interactions.
AI has made significant strides in recent years, particularly in the way it has been used in regulatory technology for analysing vast amounts of data quickly and effectively. The question now arises for compliance departments and regulatory entities – should they embrace AI and RegTech. Deloitte, a leading professional services firm, firmly believes that the progress of AI and other cutting-edge regulatory technologies will only accelerate. Deloitte emphasises that companies that adapt to this technological revolution and leverage RegTech to manage their compliance needs will thrive, while those that resist the change risk becoming obsolete.
The Deloitte 2023 RegTech Report
TAINA is delighted to be showcased as one of the Top 100 RegTech companies alongside a variety of market leading technology companies from across the innovation landscape. The Report focusses on solutions for five key areas;
- Regulatory reporting
- Risk management
- Identity management
- Transaction monitoring
This report not only provides valuable insights including the technology, areas of expertise, benefits and outcomes of each solution but also highlights the perspectives of several RegTech companies on the current state of the industry and its future direction.