8of9 Named One of Top 5 RegTech Companies in Legal & Regulatory Analysis

NEW YORK--()--8of9 has been named one of the top 5 “RegTechs” in Legal and Regulatory Analysis by Planet Compliance, a platform that provides regulatory and compliance news and resources to the financial industry.

“At the time, there was no word for what we were doing”

Planet Compliance’s top RegTech list was created to identify regulatory technology companies that provide “innovative solutions” to financial regulations passed post-2008.

Burdened by increased operational costs associated with regulatory change, financial institutions are increasingly turning to technology solutions. Forecasted spending on regulatory compliance and governance software 118.7 billion USD by 2020.

Founded in response to the crisis, 8of9 set out to bridge a gap that existed between lawyers and IT. “At the time, there was no word for what we were doing,” explains founder Mary Kopczynski, "We've been using the word 'RegTech' for almost a decade, but it wasn’t until 18 months ago that people started understanding what we’ve been talking about.”

8of9 continues to be a pioneer in the financial services industry by providing a regulatory rules engine that automates compliance. They cover global regulations such MIFID, EMIR, Dodd-Frank, FATCA, Basel, 871(m), FINRA 4210, NSFR, and many more.

For a full list of the Top 5 RegTechs in Legal & Regulatory Analysis

About 8of9

8of9 is a next generation RegTech company that uses specialized tools developed by subject matter experts to demystify confusing regulations. In doing so, we turn regulatory chaos into opportunity. 8of9 offers solutions to regulatory needs by automating regulation and ensuring compliance.
http://www.8of9.nyc/

About PlanetCompliance

PlanetCompliance is a platform that provides news and resources to anyone who works in the financial industry or has an interest in regulation and compliance. While most of the information is freely available in one form or the other on the Internet, our aim is to present you everything relevant in one place.
http://www.planetcompliance.com/

Contacts

For 8of9
Matthew Fand, COO, 917-261-3901
info@8of9.nyc

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Release Summary

8of9 recognized as a Top 5 RegTech Firm! Planet Compliance announces its picks for top RegTech firms in Regulatory Analysis. 8of9 has made the list as it continues to take the industry by storm.