Market/Competition

Competitor Analysis Undertaken

An in-depth analysis of the competitive landscape has been undertaken by the Group with over 200 companies analysed. Our assessment was divided into several categories, including industry sectors, regional analysis, and functional and tech analysis. Primarily focusing on the RegTech sector, given that forms the basis of our modus operandi, other sectors including banking and general FinTech were also analysed to provide a more comprehensive and complete analysis.

Given our analysis and assessment we have identified the following companies as the most important firms to watch in this space from a competitive perspective:

Quantexa – A RegTech firm that is working with (and invested by) several of the top global banks.

Silent Eight – Has an AI platform which includes Explainable AI capabilities.

Napier AI – More focused on AML with a strong emphasis on AI/ML.

Muinmos – Has three core modules within its platform including instant KYC and AML checks.

Armadillo – Provides a range of RM services and uses Automation and AI Analytics.

Pelican – Has an AI Hub that supports payments for Banks, FinTechs and non-financial companies.

Trulioo – Has an identity match engine product via its global gateway platform.

Goldman Sachs – As one of the top tier banks, Goldmans was the first bank to invest in AI start-ups and develop its own data science teams. However, we acknowledge that many of the other banks have similar resources and capabilities.

Oliver Wyman Consultancy – They are specialist in the field of regulatory risk and compliance.

Accenture Consultancy – They have a broad understanding of both the financial services space and the demands of international businesses but also a large data science capability.

Our full Competitor Analysis is available in the appendices.

Management consulting powerhouse McKinsey has asserted that: “... traditional banks will need to build a new value proposition founded upon leading-edge AI-and-analytics capabilities. They must become ‘AI first’ in their strategy and operations” Tintra is doing just that: using leading-edge artificial intelligence to build a frictionless cross-border banking system that exceeds FATF’s San José Principles for FinTech and RegTech applications for anti-money laundering (AML) and counter-threat finance (CTF), with an always-on compliance system

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