Shield Named as One of the Top 21 RegTech Providers of 2020 by Medici and EY

We are proud to announce we have been named in the new Medici and EY’s RegTech Top 21 – 2020 Edition. The RegTech Top 21 highlights the best and brightest providers in the industry and provides readers with details and guidance on the services offered by the expert businesses on the list.  Iftach Drori, Head of Marketing & Investor Relations at Shield commented, “We are delighted and honored to be featured in the RegTech Top 21 for 2020, which gives the latest snapshot of the market and the key players providing expert support to customers. With considerable data processing needs and the added pressures of remote working in the new normal, it is vital that financial firms have access to a comprehensive and trustworthy third-party review to help them choose the right solution for their needs.”  Financial firms are wrestling with the adoption of new and increasing numbers of eComms platforms (particularly to accommodate ongoing remote working needs), alongside the pressure of meeting ever-increasing regulations, which are designed to cope with these changes and protect customers and the financial industry as a whole from unscrupulous and damaging misbehavior.   This has seen the requirement for reliable and effective RegTech solutions grow considerably in recent years. Figures suggest that the global RegTech market is expected to grow from USD 6.3 billion in 2020 to USD 16.0 billion by 2025, so buyers need to be armed with all the relevant information to make informed purchasing choices.   Iftach adds, “With a broadening RegTech market, it’s vital that businesses thoroughly research providers and ensure they buy from a trusted source. Shield’s market-leading solution enables our customers to mitigate risks and improve surveillance efficiency, whilst being simple and straightforward to deploy right ‘out of the box’ and offering outstanding value and ROI – turning RegTech from a cost to an investment.”  Shield’s cross-regulation platform utilizes AI, Natural Language Processing and Visualization capabilities to automate and orchestrate the complete communications compliance lifecycle. Using its proprietary AI-powered Financial Context Recognition (FCR) engine, Shield provides organizations with a multi-layered trade reconstruction stack and the ability to seamlessly connect eComms and trade data.   Shield’s end to end eComms compliance platform offers modules covering the entire Compliance lifecycle. This includes Shield’s Compliance Hub, Automatic data management, eDiscovery and Investigations, Trade Reconstruction and Proactive Surveillance.