Discover how the top RegTech companies are helping banks fight fraud, simplify compliance, and stay ahead of changing regulations in 2027.

Banks have to follow strict rules while keeping customer information safe, preventing fraud, and making everyday services easier. As these demands grow, technology is helping banks manage compliance without slowing down their work. In this Business Fortune article, we explore the top RegTech companies to watch in 2027, the problems they solve, and how their tools help banks manage risk, meet legal requirements, and build customer trust.

Why RegTech Is Becoming Important for Banks

Banks have to know their customers, track transactions, spot any irregularities, and maintain proper records. Banks also have to deal with regulatory changes. All these activities may require a lot of time and effort when done manually and may because errors. Any error could have serious consequences for a bank.

This is the concept of Regulatory technology or RegTech. Regulatory technology uses software, data analytics, automation, and artificial intelligence to enable corporations to comply with regulations in a better manner.

Top 10 RegTech Companies Banks Should Know in 2027

The companies below address different parts of banking compliance. Some focus on customer identity, while others help banks monitor transactions, investigate financial crime, manage regulatory data, or assess risk. They are not identical solutions, so the right choice depends on each bank's needs.

  1. NICE Actimize: Helping Banks Detect Financial Crime

Banks need to monitor thousands or millions of transactions, there is no way that they can be able to detect all the suspicious activities manually. An example of software that can be used by financial companies to solve these problems is the NICE Actimize.

This solution utilizes data analytics, machine learning, and automation capabilities to assist banks in recognizing any suspicious behavior and investigating the risk. The solution also allows performing customer screenings, sanctions screening, and suspicious activity identification. In case of banks dealing with a high number of transactions, these capabilities will allow concentrating on those alerts which really require attention.

  1. Fenergo: Making Customer Checks Easier

Opening of bank accounts and business transactions include document processing and authentication of identity, along with risk assessment of the client. All these tasks become very complicated for multinationals.

The company provides client lifecycle management solutions, offering support in client onboarding, know-your-customer (KYC) compliance, and regulation for financial organizations. The platform combines customer information, documents, and compliance processes, allowing teams to have uniform and easily accessible documentation. Fenergo can be recommended to organizations that deal with corporate customers and investment firms, as well as customers from several countries.

  1. ComplyAdvantage: Supporting Better Risk Screening

Before engaging with any customer or partner, banks must know if their relationship has any potential of posing a money laundering threat. In such instances, banks will have to carry out name screening against any sanctions lists, public record checks, and identify associations with existing threats.

ComplyAdvantage provides financial crime risk data and technology for customer screening and anti-money laundering (AML) compliance. The solutions allow for measuring risks and discovering information that should be investigated further.

For instance, a bank onboarding an enterprise operating abroad will have to screen the enterprise itself, its owners, and connected persons. Tools for screening can facilitate discovering relevant information, but the compliance department will still have to evaluate this information.

  1. LexisNexis Risk Solutions: Improving Identity and Risk Checks

The LexisNexis Risk Solutions gives access to information and analysis, which may be useful for financial organizations when evaluating identity, detecting fraud, and managing financial crime risk. Such tools may also be helpful in verifying customers. The company also ranked first in Everest Group's 2025 list of leading financial crime and compliance technology providers.

One major advantage is that banks gain access to valuable data that assists them in viewing past a particular name or transaction. By combining this information with internal data from the bank, the compliance department can get a better view of the risk.

  1. Quantexa: Revealing Hidden Risks

In some instances, there is no suspicion in any individual transaction. It only gets easier to determine the risk once the bank links it to other accounts, companies, people, and payments.

Quantexa uses contextual analytics and entity resolution to facilitate connections between data and the relationships. Contextual analytics can assist banks in determining patterns that might not appear when reviewing the data on its own in investigations of financial crimes.

  1. Feedzai: Helping Banks Spot Payment Fraud

Feedzai focuses on AI-powered risk management, including payment fraud detection and financial crime prevention. Its technology analyses transaction activity to help financial institutions identify potentially risky behaviour.

For example, if the transaction deviates greatly from the pattern of behavior of the client, the bank needs to verify if it is a real transaction. There is a need for striking the right balance here since, on one hand, not enough alerts might let fraud through, and on the other, too many may become a nuisance to customers.

  1. Napier AI: AML Monitoring

Anti-money laundering screenings produce many alerts. The compliance team needs to distinguish the alerts from regular transactions and conduct investigations on those that require attention.

Napier AI offers compliance technology focused on areas such as transaction monitoring, customer screening, and AML risk management. Its tools are designed to help financial institutions improve how they identify suspicious activity and manage investigations.

For banks, it would be the quality of monitoring and more effective utilization of employees’ time. Automation would be able to highlight the activity that needs to be examined, however, the role of people is still significant in the analysis of information and actions that should be taken.

  1. Tookitaki: Smarter Financial Crime Prevention

Tookitaki offers solutions to prevent financial crimes and meet AML requirements. This includes transaction monitoring and solutions that are aimed at helping financial organizations detect suspicious activities. Toolkitaki was among the top solution providers featured by Everest Group in their Financial Crime and Compliance Technology Assessment 2025.

One challenge for banks is ensuring that monitoring rules remain useful as customer behaviour and payment patterns change. Technology can help teams analyse activity, identify patterns, and improve the way they review potential risks.

  1. Signzy: Simplifying Digital Customer Verification

Signzy provides technology related to digital identification verification, onboarding, and financial compliance. This can assist the bank in automating certain customer verification processes and reducing manual labor. Additionally, Signzy was part of Everest Group’s list of firms providing financial crime and compliance technology in 2025.

This can be especially useful for financial institutions that want customers to complete more onboarding steps online. Automated checks can speed up routine cases, while unclear or higher-risk cases can be sent to staff for closer review.

  1. Chainalysis: Addressing Risks of Digital Assets

Chainalysis involves blockchain analytics and offers products and services to firms to conduct analyses of cryptocurrency transactions along with finding out any connection to any financial crime. In the case of banks who deal with customers or firms using cryptocurrencies, such analysis offers them extra data.

However, blockchain analytics requires specific skills. An entity that is not involved in handling cryptocurrencies will have different requirements from blockchain analytics compared to an entity that handles cryptocurrency organizations.

How Should Banks Choose the Right RegTech Partner?

Simply knowing the names of leading regtech companies is just the beginning. It is necessary for the bank to know the compliance issues within itself before choosing a vendor. The most costly system may not be the most appropriate, and what might work for one company may not be suitable for another.

Here are five important things to consider.

  1. Identify the main problem- Determine whether the most important requirement is money laundering, fraud, identity verification, onboarding customers, or compliance reporting.

  2. Check for data quality – A good system can still give bad outputs when it is fed with inaccurate or outdated data.

  3. Review integration requirements - The system must integrate with the bank's existing infrastructure without forming any unnecessary data silos.

  4. Costs and support - Think about more than just the cost. Think about implementation, training, maintenance, and future upgrade costs.

  5. Don’t eliminate human involvement – Banks require transparency, clarity of decision-making, and skilled employees to interpret warnings and dispute erroneous findings.

Additionally, banks should inquire about how vendors safeguard sensitive data, test their systems, deal with errors, and react to changes in regulations.

What Will Shape RegTech in 2027?

The RegTech will probably become increasingly involves with the everyday activities of banks. However, technology cannot be the only thing that ensures compliance. It is important for banks to have good policies, qualified staff, and knowledge of the applicable rules.

Today, RegTech has become an important component in the management of risks, customer protection, and regulatory compliance for banks. The companies that have been mentioned here deal with various issues in the process of regulatory compliance.

Choosing the correct one depends on the size of the bank, risks involved, current system, and future plans. By 2027, banks that integrate proper technology with the necessary human control will be in a good position to handle compliance without making day-to-day transactions hard.

FAQs

What is RegTech in banking?

RegTech, short for regulatory technology, uses software, automation, data analysis, and AI to help banks meet regulatory requirements. It supports activities such as identity verification, AML monitoring, fraud detection, risk assessment, and regulatory reporting.

How do RegTech companies help banks prevent money laundering?

They help banks monitor transactions, screen customers, identify unusual activity, and investigate possible risks. These systems can flag suspicious patterns for review, but bank employees must assess the evidence and follow the required reporting procedures.

What is the difference between RegTech and traditional compliance?

Traditional compliance often relies more heavily on manual reviews, spreadsheets, and separate processes. RegTech uses technology to automate routine checks, connect information, and support faster risk assessment. Human oversight remains necessary in both approaches.

Can small banks benefit from RegTech solutions?

Yes. Smaller banks can use RegTech to automate selected compliance tasks and reduce repetitive work. They should choose solutions that match their budgets, transaction volumes, regulatory obligations, and available technical resources.

What should banks look for when choosing a RegTech company in 2027?

Banks should assess the provider's capabilities, data security, integration options, accuracy, explainability, ongoing support, and total cost. They should also check whether the solution fits their specific regulatory requirements and allows staff to review important decisions.