As per Zion Market Research, iComplai is one of the major players in the regtech space.

According to the report,

The RegTech market is set for a rapid growth over the forecast period. In terms of revenue, the global RegTech market accounted for USD 5,232.9 Million in 2019 and is expected to reach USD 19,319.6 Million by 2026, growing at a CAGR of 20.9% from 2020 to 2026.

Over just the past two years, Google searches for the term have increased sevenfold. RegTech involves in usage of advance technologies such as machine learning, biometrics, cloud computing, big data, and blockchain to the regulatory segment to fit quickly in the growing tectonic changes in the financial environment. It simply means a technology which ensures that companies to act in accordance with their regulatory requirements. Moreover, main functions of RegTech include data analytics, regulatory monitoring, risk management, reporting, regulatory compliance, and fraud detection.

The complete report can be purchased under:

https://www.zionmarketresearch.com/report/regtech-market