NEW YORK--(EON: Enhanced Online News)--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
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
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.