The RegTech100 is the list of “companies every financial institution needs to know about as they consider and develop their mission critical RegTech and digital transformation strategies.”
This December, the 2022 RegTech100 list was announced, and Red Oak was once again included in this list of some of the best and brightest regtech organizations globally.
Why Does this Recognition Matter to Us?
Being included in the RegTech100 is another indication that we’re doing things right and creating products and services that add value for our clients.
Compliance is an ever-evolving field and one where reliance on technology will continue to increase with each year and each new layer of regulatory burden.
When the RegTech100 listed us as a must-know tool, it means that we’re in line with what the market needs and that we’re providing financial services companies and compliance professionals the tools they need to do their jobs, remain compliant, and give their staff additional bandwidth for strategic, high-priority work.
What Do We Consider Most Innovative about Red Oak’s Products/Offerings?
Red Oak’s ability to integrate machine intelligence into an already-market-leading solution has set us apart from many other compliance and regtech solutions.
The RegTech Analyst team pointed out that “banks and other financial institutions are investing heavily into AI capabilities to automate highly manual regulatory tasks, support digital onboarding processes and monitor for fraudulent activity.”
We’re reducing the manual workload for teams and increasing their capability to manage work efficiently, stratify risk and remain 100% books and records compliant.
What Differentiates Red Oak from Other Companies in the RegTech Space?
Red Oak users have hailed its flexibility as one of the top reasons they choose our technology.
The software processes more than 10 million interactions between users each year and 1.3 million documents globally. These numbers indicate how integral Red Oak has become in our clients’ compliance processes. They use our tools daily as a critical part of their compliance processes. They’re able to keep compliance processes all within the system rather than working back and forth between multiple systems.
One of our favorite pieces of feedback from a client included the phrase, “Red Oak makes it so easy… no one even wanted to work around the process.”
Another key differentiator for Red Oak is our commitment to ongoing improvement. Our development team welcomes and actively requests feedback from clients, so we’re not guessing what they want or need – we’re actively iterating and developing the tools that clients most need to stay on top of rapidly changing compliance requirements.
To learn more about the RegTech100 and our inclusion on the list, you can access the press release here or visit regtech100.com for more information.
Click here to read our full press release.