Top 10 RegTech Startups in India, Discover the top 10 RegTech startups in India that are revolutionizing regulatory compliance with advanced AI, machine learning, and blockchain solutions. Stay ahead of regulatory changes and enhance risk management with innovative RegTech technologies
Regulatory Technology, or RegTech, has emerged as a critical sector in India’s rapidly evolving financial and regulatory landscape. These startups leverage advanced technologies such as artificial intelligence, machine learning, big data analytics, and blockchain to help businesses comply with complex regulatory requirements more efficiently and cost-effectively. By automating compliance processes, managing risk, and enhancing transparency, RegTech startups are enabling organizations to stay ahead of regulatory changes and avoid hefty penalties
Table of Contents
1.Signzy
| Attribute | Details |
|---|---|
| Founded | 2015 |
| Key Technologies | AI, Blockchain |
| Major Solutions | AI-powered smart contracts, digital onboarding, fraud detection |
| Notable Clients | Reliance, HDFC, Kotak Mahindra |
| Funding & Recognition | $5.4M Series A from Arkam Ventures and Mastercard |
| Website | Signzy |
- Signzy is a digital trust system provider that offers AI-powered identity verification and authentication solutions. Their platform helps financial institutions automate compliance processes, reduce operational costs, and enhance customer experience.
- Key Features: They use AI and blockchain to streamline KYC (Know Your Customer) processes, AML (Anti-Money Laundering) checks, and digital contract management.
- Market: Primarily serves the financial services industry, including banks, NBFCs (Non-Banking Financial Companies), and fintech startups.
- Impact: Signzy’s technology aims to improve efficiency and security in financial transactions by minimizing fraud and human error.
Founded in 2015, Signzy leverages AI and blockchain to simplify regulatory processes, offering solutions like AI-powered smart contracts and digital onboarding with advanced biometric authentication.
2.Tookitaki
| Attribute | Details |
|---|---|
| Founded | 2014 |
| Key Technologies | AI, ML, Big Data |
| Major Solutions | AML, Fraud Detection, Transaction Monitoring |
| Notable Clients | Multiple financial institutions |
| Funding & Recognition | $11.7M additional funding in 2020 |
| Website | Tookitaki |
- Tookitaki provides enterprise software solutions for regulatory compliance and risk management, focusing on financial crime detection and prevention.
- Key Features: Utilizes machine learning and big data analytics to identify anomalies and suspicious activities within financial transactions.
- Market: Targets banks, financial institutions, and fintech companies globally, helping them comply with regulations and mitigate financial risks.
- Impact: Helps in reducing compliance costs, improving operational efficiency, and enhancing the overall regulatory compliance posture of organizations.
Known for its AI-driven compliance solutions, Tookitaki provides advanced AML and fraud detection tools, helping financial institutions stay compliant with evolving regulations.
3.Primechain Technologies
| Attribute | Details |
|---|---|
| Founded | 2015 |
| Key Technologies | Blockchain |
| Major Solutions | Real-time auditing, data verification, KYC, AML |
| Notable Clients | Various industries |
| Funding & Recognition | Recognized with industry awards |
| Website | Primechain |
- Primechain Technologies is a blockchain company specializing in developing solutions for the banking and financial services sector.
- Key Features: Provides blockchain-based solutions for KYC, cross-border payments, trade finance, and supply chain management.
- Market: Targets financial institutions looking to leverage blockchain technology for improving transparency, security, and efficiency in transactions.
- Impact: Aims to revolutionize traditional financial processes by integrating blockchain to reduce fraud, enhance trust, and streamline operations.
Specializing in blockchain solutions, Primechain offers secure and transparent regulatory processes, including real-time auditing and AML solutions.
4.CustomerXPs
| Attribute | Details |
|---|---|
| Founded | 2006 |
| Key Technologies | AI, ML |
| Major Solutions | Real-time behavioral analytics, AML, Fraud Detection |
| Notable Clients | Multiple banks and financial institutions |
| Funding & Recognition | Various recognitions for their Clari5 platform |
| Website | CustomerXPs |
- CustomerXPs offers real-time, AI-powered fraud prevention and customer experience management solutions for the banking industry.
- Key Features: Uses AI and machine learning algorithms to detect and prevent fraudulent activities in real-time across various banking channels.
- Market: Serves banks and financial institutions globally, helping them safeguard customer transactions and improve operational efficiencies.
- Impact: Enhances customer trust, reduces financial losses due to fraud, and improves overall operational effectiveness through proactive fraud detection.
Their Clari5 platform provides real-time fraud detection and AML solutions using AI-powered behavioral analytics, catering to banks and financial institutions.
5.IntelleWings
| Attribute | Details |
|---|---|
| Founded | 2015 |
| Key Technologies | Analytics |
| Major Solutions | Transaction monitoring, fraud detection, compliance violations |
| Notable Clients | Max Life Insurance, RBL Bank, Karur Vysya Bank |
| Funding & Recognition | $2M Series A funding in 2018 |
| Website | IntelleWings |
- Intellewings is a technology company specializing in AI-driven solutions for customer engagement and operational efficiency in the financial sector.
- Key Features: Provides AI chatbots, analytics platforms, and automation tools to enhance customer service, sales, and marketing operations.
- Market: Targets banks, insurance companies, and other financial services providers seeking to leverage AI to improve customer interactions and business outcomes.
- Impact: Aims to transform how financial institutions interact with customers, reduce costs, and drive revenue growth through intelligent automation and analytics.
This startup offers an analytics platform for transaction monitoring and fraud detection, used by various banks and insurance companies.
6.Razorpay
| Attribute | Details |
|---|---|
| Founded | 2014 |
| Key Technologies | Fintech solutions |
| Major Solutions | Secure and compliant financial operations |
| Notable Clients | Multiple small to large businesses |
| Funding & Recognition | Significant funding from multiple rounds |
| Website | Razorpay |
- Razorpay is a leading fintech company in India that provides payment solutions to businesses.
- Key Features: Offers payment gateway services, payment links, recurring payments, and invoice management for businesses of all sizes.
- Market: Primarily serves businesses in India across various sectors, helping them accept online payments seamlessly.
- Impact: Facilitates digital payments, improves cash flow for businesses, and supports India’s growing digital economy by enabling frictionless transactions.
While primarily known as a fintech company, Razorpay has made significant contributions to the RegTech space by offering secure and compliant financial operations.
7.Gieom
| Attribute | Details |
|---|---|
| Founded | 2012 |
| Key Technologies | RegTech, Cloud |
| Major Solutions | Real-time regulatory change management, compliance task tracking |
| Notable Clients | Wipro, Infosys, TCS |
| Funding & Recognition | Undisclosed amount from Blume Ventures in 2017 |
| Website | Gieom |
- GIEOM offers digital transformation solutions focused on process optimization and compliance automation for banks and financial institutions.
- Key Features: Provides tools for process modeling, compliance tracking, and risk management to improve operational efficiency and regulatory adherence.
- Market: Targets financial institutions globally, helping them navigate regulatory complexities and enhance operational resilience through technology.
- Impact: Aims to streamline operations, reduce costs, and ensure compliance with regulatory standards, thereby improving overall organizational agility and performance.
Providing real-time regulatory change management and compliance task tracking, Gieom helps businesses stay updated with regulatory changes and streamline compliance processes.
8.SignDesk
| Attribute | Details |
|---|---|
| Founded | 2015 |
| Key Technologies | Digital document management, e-signatures |
| Major Solutions | Digital documentation, e-signatures, compliance automation |
| Notable Clients | Various businesses across industries |
| Funding & Recognition | Not specified |
| Website | SignDesk |
- SignDesk provides electronic signature and document management solutions that are legally compliant and secure.
- Key Features: Offers eSignatures, document workflow automation, and secure storage to streamline document signing processes.
- Market: Serves businesses across various industries, including banking, insurance, real estate, and legal sectors, requiring secure and efficient document handling.
- Impact: Enables organizations to digitize paperwork, reduce turnaround times, and enhance document security and compliance with legal standards.
Founded by Mr. Krupesh Bhat, SignDesk focuses on digital document management and e-signatures, helping businesses automate compliance and regulatory documentation.
9.Simple
| Feature | Description |
|---|---|
| Name | Simpliance |
| Founded | 2015 |
| Key People | Divakar Bhave (Founder & CEO) |
| Industry | Regulatory Technology (RegTech) |
| Solutions | Compliance management, audit management, legal updates, compliance calendar, automated compliance reports |
| Technology | AI, machine learning, cloud-based solutions |
Established in 2013 in Bengaluru, Simpliance offers cloud-based compliance management solutions. They focus on regulatory intelligence, audit management, and risk assessment, helping businesses simplify complex compliance challenges through technology.
Simpliance offers cloud-based solutions that simplify compliance management. Their platform provides tools for regulatory intelligence, audit management, and risk assessment, helping organizations navigate complex regulatory requirements efficiently.
10.Simility
| Attribute | Details |
|---|---|
| Founded | 2014 |
| Key Technologies | Machine Learning, Analytics |
| Major Solutions | Fraud detection, risk management, compliance automation |
| Notable Clients | Various financial institutions |
| Funding & Recognition | Recognized in the industry for innovation in fraud detection |
| Website | Simility |
- Simility offers fraud detection and prevention solutions powered by machine learning and behavioral analytics.
- Key Features: Provides real-time fraud detection, transaction monitoring, and identity verification services for financial institutions and online businesses.
- Market: Serves e-commerce companies, payment processors, and financial services providers globally, helping them combat fraud and minimize losses.
- Impact: Enhances security measures, reduces fraud-related risks, and improves trust among customers by deploying advanced fraud prevention technologies.
Specializing in fraud detection and risk management, Simility uses machine learning to help businesses identify and mitigate fraud in real-time.
FAQs and answers for Top 10 RegTech Startups in India
Signzy
Q: When was Signzy founded?
A: Signzy was founded in 2015.
Q: What technologies does Signzy use?
A: Signzy leverages AI and blockchain technologies.
Q: What are some of Signzy’s major solutions?
A: Signzy offers AI-powered smart contracts, digital onboarding, and fraud detection.
Q: Who are some of Signzy’s notable clients?
A: Notable clients include Reliance, HDFC, and Kotak Mahindra.
Q: How much funding has Signzy raised?
A: Signzy raised $5.4 million in Series A funding from Arkam Ventures and Mastercard.
Q: Where can I find more information about Signzy?
A: More information can be found on their website.
Tookitaki
Q: When was Tookitaki founded?
A: Tookitaki was founded in 2014.
Q: What key technologies does Tookitaki employ?
A: Tookitaki uses AI, machine learning, and big data.
Q: What are Tookitaki’s major solutions?
A: Major solutions include AML (Anti-Money Laundering), fraud detection, and transaction monitoring.
Q: Who are Tookitaki’s clients?
A: Tookitaki serves multiple financial institutions.
Q: What funding has Tookitaki received?
A: Tookitaki received $11.7 million in additional funding in 2020.
Q: Where can I find more information about Tookitaki?
A: Visit their website for more details.
Primechain Technologies
Q: When was Primechain Technologies founded?
A: Primechain Technologies was founded in 2015.
Q: What technologies does Primechain Technologies use?
A: Primechain Technologies specializes in blockchain.
Q: What solutions does Primechain Technologies provide?
A: They provide real-time auditing, data verification, KYC (Know Your Customer), and AML solutions.
Q: Who are Primechain Technologies’ clients?
A: They serve various industries.
Q: Has Primechain Technologies received any recognition?
A: Yes, they have been recognized with industry awards.
Q: Where can I find more information about Primechain Technologies?
A: More information is available on their website.
CustomerXPs
Q: When was CustomerXPs founded?
A: CustomerXPs was founded in 2006.
Q: What key technologies does CustomerXPs use?
A: They use AI and machine learning.
Q: What are the major solutions provided by CustomerXPs?
A: Their solutions include real-time behavioral analytics, AML, and fraud detection.
Q: Who are CustomerXPs’ clients?
A: They serve multiple banks and financial institutions.
Q: Has CustomerXPs received any funding or recognition?
A: Yes, their Clari5 platform has received various recognitions.
Q: Where can I find more information about CustomerXPs?
A: Visit their website for more details.
IntelleWings
Q: When was IntelleWings founded?
A: IntelleWings was founded in 2015.
Q: What key technologies does IntelleWings use?
A: They use analytics.
Q: What are IntelleWings’ major solutions?
A: Major solutions include transaction monitoring, fraud detection, and compliance violations detection.
Q: Who are IntelleWings’ clients?
A: Notable clients include Max Life Insurance, RBL Bank, and Karur Vysya Bank.
Q: How much funding has IntelleWings raised?
A: They raised $2 million in Series A funding in 2018.
Q: Where can I find more information about IntelleWings?
A: More details can be found on their website.
Razorpay
Q: When was Razorpay founded?
A: Razorpay was founded in 2014.
Q: What technologies does Razorpay use?
A: They use various fintech solutions.
Q: What are Razorpay’s major solutions?
A: They offer secure and compliant financial operations.
Q: Who are Razorpay’s clients?
A: They serve multiple small to large businesses.
Q: What funding has Razorpay received?
A: Razorpay has received significant funding from multiple rounds.
Q: Where can I find more information about Razorpay?
A: Visit their website for more details.
Gieom
Q: When was Gieom founded?
A: Gieom was founded in 2012.
Q: What technologies does Gieom use?
A: They use cloud-based RegTech solutions.
Q: What solutions does Gieom provide?
A: They provide real-time regulatory change management and compliance task tracking.
Q: Who are Gieom’s clients?
A: Notable clients include Wipro, Infosys, and TCS.
Q: How much funding has Gieom raised?
A: They raised an undisclosed amount from Blume Ventures in 2017.
Q: Where can I find more information about Gieom?
A: More information is available on their website.
SignDesk
Q: When was SignDesk founded?
A: SignDesk was founded in 2015.
Q: What technologies does SignDesk use?
A: They use digital document management and e-signatures.
Q: What are SignDesk’s major solutions?
A: Their solutions include digital documentation, e-signatures, and compliance automation.
Q: Who are SignDesk’s clients?
A: They serve various businesses across industries.
Q: Has SignDesk received any funding or recognition?
A: Specific funding details are not specified.
Q: Where can I find more information about SignDesk?
A: Visit their website for more details.
AnnieTech
Q: When was AnnieTech founded?
A: AnnieTech was founded in 2014.
Q: What technologies does AnnieTech use?
A: They use AI-driven product suites.
Q: What are AnnieTech’s major solutions?
A: Their solutions include client onboarding, transaction tracking, and risk management.
Q: Who are AnnieTech’s clients?
A: They were acquired by AppOrchid and serve multiple industries.
Q: What notable event happened to AnnieTech?
A: They were acquired by US-based AppOrchid in 2019.
Q: Where can I find more information about AnnieTech?
A: More details can be found on the AppOrchid website.
Simility
Q: When was Simility founded?
A: Simility was founded in 2014.
Q: What technologies does Simility use?
A: They use machine learning and analytics.
Q: What are Simility’s major solutions?
A: Their solutions include fraud detection, risk management, and compliance automation.
Q: Who are Simility’s clients?
A: They serve various financial institutions.
Q: Has Simility received any recognition?
A: Yes, they are recognized in the industry for innovation in fraud detection.
Q: Where can I find more information about Simility?
A: Visit their website for more details.
