The UK’s Department for International Trade (DIT) announced today that after a highly competitive recruitment process, 10 innovative regulatory technology companies have been selected to join the UK Trade Mission to the RegTech Summit in New York City.
The mission comes at an opportune time as many US firms are looking to upgrade their compliance systems in the wake of growing market complexity. The UK regtechs selected are: ClauseMatch, Cognitiv+, Coinfirm, CUBE, Datactics, Evolution AI, FNA, Sphonic, Util and W2.
Taking place from 13-15 November, the mission offers UK regulatory technology firms the opportunity to showcase their expertise to the US market, while gaining valuable insight into overcoming the barriers of doing business overseas. Delegates attending the 2019 RegTech mission will embark on several days of programming which will feature a UK Tech Demo night hosted by the NY Tech Alliance, meetings with potential partners, investors, regulators and new clients; before ending with a delegate showcase to the wider New York financial services community at Barclays Rise. The entire mission is centred around the RegTech Summit, which takes place on 14 November. Delegates will have full access to the summit thanks to DIT’s partnership with the London-based organizers A-Team Group.
Ross Allen, Director for DIT North America, said: "The UK has an incredibly strong regulatory technology sector, and we are up there with the US in terms of financial technology as whole. Of the 464 solutions listed in the most recent RegTech Markets Directory worldwide, almost one-third (147) are headquartered in the UK. I am delighted we are helping strengthen transatlantic links in this important area."
With the UK’s position as a leader in the field of regulatory innovation thanks to its high concentration of financial service firms and the institution of the FCA’s regulatory sandbox, British regtechs are well positioned to add value and help revolutionise the way US companies approach compliance.
More information on the 2019 UK Trade Mission to the Regtech Summit in New York may be found online at http://bit.ly/RegTechMissionBrochure.
Notes to Editors:
About The RegTech Summit The RegTech Summit is one of the largest RegTech-focused events in the US, attracting attendees from across the industry, including practitioners, regulators, start-ups, and major financial institutions. The summit will be held on November 14th by the A-Team Group, at the Convene, just steps away from Wall Street and the New York Stock Exchange. A-Team Group helps financial technology vendors and consultants – large and small – to grow their businesses with content marketing. We leverage our deep industry knowledge, ability to generate high quality media across digital, print and live platforms, and our industry-leading database of contacts to deliver results for our clients. For more information visit http://bit.ly/RTSummitNYC.