22.02.2022 IT Fintech Luxembourg Tech

Three Luxembourg firms included in RegTech100 ranking for 2022

Luxembourg-based blockchain and virtual currency AML compliance and analytics firm Scorechain, along with open banking platform Luxhub and process management firm Governance.com, have been listed among the top 100 regulatory technology providers worldwide for 2022 by research firm RegTech Analyst.

Financial technology firm Finologee was the only representative from Luxembourg last year in the ranking, which seeks to identify the world’s most innovative firms offering products and services for compliance, risk management, data security and prevention of financial crime. The RegTech 100 aims to help senior management and compliance professionals evaluate which solutions have market potential and are most likely to succeed and have a lasting impact on the industry.

Scorechain Analytics tracks crypto assets and helps create a structured and coherent approach to identifying, assessing and managing risk. Crypto-native companies and traditional financial institutions use Scorechain’s crypto-monitoring solution to build a proper strategy and satisfy crypto-AML requirements thanks to high-level features.

Governance.com is a low-code process management platform for regulated companies. In the beginning of February, Governance.com announced a partnership with Ar?s Group to offer enhanced, cloud-hosted operating environment. The partnership fuels new digital transformation solutions for process management optimised for cost, scalability, security and speed.

LUXHUB’s overall aim is to facilitate the adoption and expansion of Open Banking throughout the EU and beyond, by removing technical barriers and providing added-value solutions on top of it. This ultimately enables financial institutions, start-ups, TPPs, SMEs and many others to create innovative services. The Fintech was also recently granted AISP and PISP status in Luxembourg, ensuring that all European companies  have the opportunity to access account information and payment initiation services. From XS2A and CEDR to AIS and PIS, LUXHUB is now uniquely positioned at the intersection of legacy and digital finance.