Detected Leads UK’s Top 50 RegTech Firms for 2023

The UK remains a beacon for financial tech progress, particularly within RegTech—a sector that thrives as it tackles increasingly sophisticated regulations. At the pinnacle of this innovative domain, Detected has earned the top ranking on the prestigious RegTech 50 for 2023 list by BusinessCloud, a testament to their groundbreaking work in the industry.Detected has carved out its leadership position by providing advanced solutions aimed at navigating the demanding terrain of today’s regulatory requirements. Their recognition as a leader is a signal of both the sector’s expansion and the critical emphasis on robust compliance mechanisms.BusinessCloud’s RegTech 50 for 2023 list is the result of an expert judging panel’s deliberation and a public vote. The process drew a high level of engagement, reflecting industry stakeholders’ vested interest in identifying and honoring key players like Detected, who are shaping the future of regulatory technology.

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The Journey to Excellence

A distinguished panel with representatives from BusinessCloud, techUK, KPMG UK, 11:FS, and FinTech North, in conjunction with public input, undertook the meticulous task of identifying the top 50 RegTech companies. This selection mirrors the diverse and innovative nature of the RegTech field, with firms like Detected, CheckedSafe, and Elliptic emerging prominently for their significant contributions. These remarkable companies, including TAINA Technology, are at the forefront of the UK’s dynamic RegTech scene, harnessing cutting-edge artificial intelligence and data analytics. They create advanced SaaS platforms that transform traditional regulatory compliance and fraud prevention methods, encapsulating the growing movement towards more efficient and sophisticated financial regulation solutions.