RegTech, or regulatory technology, is a sector that has increased in prominence over the last few years, leading Deloitte to label it "the new fintech".
RegTech is an upcoming era of the regulatory landscape, offering advanced solutions to compliance demands in finance and other sectors.
Rob Moffat, partner at Balderton Capital, a venture capital firm that has invested in two of the startups on our list, told Techworld: "The banks are under pressure and finding it hard to find new revenue sources. There is more and more regulatory costs, so they are more open to ways to change and improve there."
Here are some of the most interesting RegTech startups in the UK today, whether they are helping big banks stay ahead of their complex regulatory requirements, or businesses to remain compliant through smarter anti-money laundering (AML) and know your customer (KYC) checks.