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U.S. RegTech Market Report 2023: Regulatory Sandbox Approach Supports Regtech Innovations



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Dublin, May 11, 2023 (GLOBE NEWSWIRE) — The “U.S. RegTech Market – Industry Outlook & Forecast 2023-2028” report has been added to’s offering.

The U.S. RegTech market is expected to grow at a CAGR of 21.54% during 2022-2028.

The increasing fraud and money laundering activities have expanded the U.S. RegTech market.

Fraudulent activities such as money laundering require a RegTech framework to help risk and compliance teams manage complex regulatory compliance requirements. Digital fraud attacks in financial service organizations have increased by 109% in the US. Digital fraud includes any online scams or fraudulent transactions.

Adoption of AI in RegTech Industry

Artificial Intelligence (AI) is becoming popular and is witnessing increasing use across multiple fields due to generating significant amounts of data daily, which is difficult to deal with manually. AI technology is providing new opportunities and advantages with the potential for enormous economic and societal impact. Recent technological developments in big data, computing, data storage power, and the digital economy facilitate rapid AI implementation in various sectors, including finance.

Competitive pressures in the financial sector are increasing the adoption of AI widely and rapidly changing its landscape. AI facilitates improvements in reshaping client interfaces, efficiency, and cost savings, improving risk management and compliance, and enhancing forecasting accuracy.

Cybersecurity and Consumer Data Privacy

Cyber threat is a key challenge in the regulatory technology ecosystem. While the automated compliance of RegTech lessens operational risks and allows more granular checks for internal frauds and AML, it also presents a challenge of cyber risks. Common risks are sabotage, data breach, and data or identity theft – internal, external, and state-sponsored which can have immense and extensive consequences. Before, the technologies found to be safe, like biometric authentication, have become attack mediums. However, the usage of novel technologies with mischievous intentions spanning everything from deep fakes to machine learning is also rising. Thereby posing challenges to the growth of the U.S. RegTech market.


The U.S. RegTech market by component is segregated into solutions and services. In 2022, the solutions segment was the highest revenue contributor. RegTech solutions mainly focus on maintaining compliance with anti-money laundering (AML) and knowing your customer (KYC) regulations. These solutions are typically based on artificial intelligence-driven applications created using machine learning technology. RegTech solutions offer various purposes and functionality, including fraud prevention, risk management, know-your-customer (KYC) technology, and regulatory change discovery applications.

Segmentation by Component

  • Solutions
  • Services


The large enterprises’ organization size segment held the largest U.S. RegTech market, accounting for over 63% share in 2022. RegTech is becoming progressively more important for large enterprises, mainly in the financial services industry, as it helps fulfill the increasing demand for regulatory compliance while enhancing operational efficiency. To improve operational efficiency, compliance, and customer experience and reduce cost, large enterprises are increasingly investing in RegTech solutions. Large enterprises adopt RegTech solutions based on their specific regulatory and business requirements. Some of the major revenue contributors in this segment are leading financial services, healthcare providers, insurance, and others.


The cloud-based RegTech solutions offer faster deployment, limited capital and operational expenditure, pay-as-you-grow model availability, integrations APIs, unlimited storage, scalability, redundant infrastructure, and reduced dependency on the internal IT support team. The cloud-based segment is the highest revenue contributor to the U.S. RegTech market. Cloud-based RegTech services are highly suitable for organizations migrating IT applications and business processes to the cloud. The vendors in the U.S. RegTech market are highly competitive in terms of pricing and customer support. Since the inception time of cloud-based RegTech services, multiple local and global vendors have provided RegTech services to end-users.


The U.S. RegTech market by vertical is segregated by banking, insurance, and non-financial. In 2022, the banking segment accounted for over 52% of the market revenue. RegTech solutions are having a considerable impact on the banking industry. Banks use RegTech solutions for their operation’s security, cost-effectiveness, and efficiency. RegTech helps banks by using technological advancements in artificial intelligence, data mining, machine learning, blockchain, automation, and others to manage risks, optimize processes, and solve problems for regulatory compliance.


The risk and compliance management application segment is expected to be the largest in the U.S. RegTech market. RegTech uses innovative techniques and capabilities to assist organizations in enhancing their reporting, regulatory governance, compliance, and risk management. It helps make regulatory compliance more manageable and hastens digital optimization and business growth; when implemented, it improves risk management efforts.


The U.S. RegTech market is witnessing dynamic expansion. Organizations worldwide are tasked with complying with a broad range of new and existing regulations and are worried their prevailing technology can’t keep up. This concern has led to a surge in RegTech investments in the U.S. and worldwide. To simplify and streamline compliance, data management, reporting, risk management, and more, firms are turning to RegTech startups’ technology. As the RegTech market matures, some cosmopolitan cities strive for the top globally in terms of deal activity. Among those are New York, San Francisco, Palo Alto, Boston, Seattle, etc. Thus, the cities coming from the US dominate the charts worldwide. This is expected given the strong fintech innovation hubs formed in San Francisco and New York.


The presence of many players in the market characterizes the U.S. RegTech market. The rising competition pressures various vendors to continuously innovate their offerings with a unique value proposition to survive in the market. Companies must invest significant money in R&D to introduce new technologies and enhance their offerings.

Ascent, Chainalysis, Broadridge, Deloitte, and IBM are among the key players in the market. Other players operating in the U.S. RegTech market include ACTICO, Clausematch, ComplyAdvantage, Fenergo, Onfido, PaymentWorks, and others. The rising competition pressures various vendors to continuously innovate their offerings with a unique value proposition to survive in the market. Although established players dominate the industry, new entrants have tremendous growth opportunities.

Key Attributes:

Report Attribute Details
No. of Pages 163
Forecast Period 2022 – 2028
Estimated Market Value (USD) in 2022 $2550 Million
Forecasted Market Value (USD) by 2028 $8219.86 Million
Compound Annual Growth Rate 21.5%
Regions Covered United States

Key Vendors

  • Ascent
  • Chainalysis
  • Broadridge
  • Deloitte
  • IBM

Other Prominent Vendors

  • Clausematch
  • ComplyAdvantage
  • Fenergo
  • Onfido
  • PaymentWorks
  • Jumio
  • Acuant
  • MetricStream
  • NICE
  • PwC
  • Thomson Reuters
  • Wolters Kluwer
  • Ceptinel
  • Hummingbird
  • CyberGRX
  • Exiger
  • FixNix
  • Feedzai
  • Sensa
  • DataVisor
  • TruNarrative
  • Alessa
  • Tessian
  • Corlytics


1. How big is the U.S. RegTech market?
2. What is the growth rate of the U.S. RegTech market?
3. What are the significant trends impacting the U.S. RegTech industry?
4. What are the U.S. RegTech market segments?
5. Who are the key players in the U.S. RegTech market?

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage

5 Report Assumptions & Caveats

6 Market at a Glance

7 Premium Insights

8 Introduction

9 Market Opportunities & Trends
9.1 Adoption of Ai in Regtech Industry
9.2 Regtech for Non-Financial Institutions
9.3 Adoption of New Technologies

10 Market Growth Enablers
10.1 Increasing Cost of Compliance
10.2 Growing Fraudulent Activities
10.3 Growing Need for Faster Transactions
10.4 Regulatory Sandbox Approach Supports Regtech Innovations

11 Market Restraints
11.1 Cybersecurity and Consumer Data Privacy
11.2 Lack of Data Standardization

12 Market Landscape

13 Component

14 Organization Size

15 Deployment Type

16 Vertical

17 Application

18 Competitive Landscape

19 Key Company Profiles

20 Other Prominent Vendors

21 Report Summary

22 Quantitative Summary

23 Appendix

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Artificial Intelligence

Cisco Doubles Down on Network Assurance with AWS




News Summary: 
Cisco delivers seamless integration between ThousandEyes and Amazon CloudWatch Internet Monitor.ThousandEyes’ unmatched cloud and Internet visibility combined with AWS’s Internet health and performance insights will allow a complete view of an application’s entire service delivery path, across private environments, the public Internet and into AWS’s network.Customers benefit from new operational insights and recommendations enabling them to optimize deployments and assure exceptional digital experiences for any AWS-hosted application.LAS VEGAS, Nov. 28, 2023 /PRNewswire/ — AWS re:Invent — Today at AWS re:Invent 2023, Cisco (NASDAQ: CSCO) announced new integrations between Cisco ThousandEyes and Amazon CloudWatch Internet Monitor (CWIM), a new Internet monitoring service from Amazon Web Services (AWS). The first-of-its-kind integration empowers customers with unparalleled visibility into their cloud deployments, enabling them to deliver unmatched optimized digital experiences.

With this new integration, customers can leverage operational insights to ensure optimal placement of AWS instances and monitoring coverage based on user traffic profiles. This integration comes on the heels of ThousandEyes announcing AWS Network Path Enrichment, giving customers deeper visibility into AWS by enriching ThousandEyes Path Visualization with data from AWS data sources—helping customers work more collaboratively with providers to resolve issues that are impacting application performance.
Building upon the existing relationship between AWS and Cisco, the new integration demonstrates Cisco’s deep commitment to its end-to-end network assurance vision. Cisco securely and sustainably connects everyone to everything and assures the digital experience of every one of those connections. By working with AWS, Cisco is delivering on its promise to provide visibility into every domain that impacts digital experience—whether user, enterprise, Internet, or cloud—so it can ultimately provide artificial intelligence (AI)-driven insights, recommendations, and remediations to support the digital transformation of every customer, wherever they are on their journey. 
“Since launching one year ago, Amazon CloudWatch Internet Monitor has delivered real-time insights into the traffic and performance of our customers’ AWS VPCs, CloudFront distributions, and Workspaces towards Internet destinations. In-depth Internet visibility is critical to our customers, so we’re excited to combine forces with ThousandEyes to provide a comprehensive view of Internet health.” — Robert Kennedy, VP of AWS Border Network Engineering, AWS
“Connectivity is key to Sutherland’s business model and to our customer interactions. Cloud visibility is a big part of that and with ThousandEyes’ end-to-end visibility all the way from our employees’ home environments to AWS, we’re able to quickly catch and resolve issues which allows us to deliver consistent high-quality application experiences to both our employees and customers.”—Ted Sanfilippo, VP Infrastructure, Head of Global Network Services and GTOC, Sutherland
“Customers today need to assure digital experiences over any network—the ones they own and the ones they don’t. As the leader in Internet visibility, Cisco is on a mission to deliver unmatched, end-to-end network assurance. Today’s integration with AWS demonstrates our shared commitment to empower our customers to more effectively monitor and manage their cloud environments.”— Mohit Lad, Senior Vice President and General Manager, Network Assurance, Cisco, and Co-Founder, ThousandEyes
For more information and live demos visit ThousandEyes at AWS re:Invent at booth #1621. Join our Lightning Talk on the exhibit floor: NET102-S, “Extending ThousandEyes visibility to the AWS network,” November 28 at 3:30 PM – 3:50 PM (PDT)
The Amazon CloudWatch Internet Monitor integration will be available in Cisco ThousandEyes in spring 2024. The ThousandEyes platform is available for purchase today in AWS Marketplace.Additional Resources
ThousandEyes Announcement BlogAWS Marketplace: CiscoCisco at AWS re:Invent 2023Additional Cisco news at AWS re:InventAbout CiscoCisco (NASDAQ: CSCO) is the worldwide technology leader that securely connects everything to make anything possible. Our purpose is to power an inclusive future for all by helping our customers reimagine their applications, power hybrid work, secure their enterprise, transform their infrastructure, and meet their sustainability goals. Discover more on The Newsroom and follow us on X at @Cisco. Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco’s trademarks can be found at Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.
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Artificial Intelligence

Artificial Neural Network Market to Reach $1.4 Billion by 2032 at 19.9% CAGR: Allied Market Research




The growing demand for AI-based solutions and the rising need for intelligent business processes are expected to drive the global artificial neural network market growth.
NEW CASTLE, Del., Nov. 28, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Artificial Neural Network Market by Component (Solution and Service), Deployment Mode (On-premise and Cloud), Enterprise Size (Large Enterprises and Small & Medium-sized Enterprises), and Industry (Healthcare, BFSI, Retail and E-commerce, Manufacturing, Automotive, and Others): Global Opportunity Analysis and Industry Forecast, 2022–2032”. According to the report, the artificial neural network industry generated $227.8 million in 2022 and is anticipated to generate $1.4 billion by 2032, witnessing a CAGR of 19.9% from 2023 to 2032.

Prime determinants of growth
The notable factors positively affecting the artificial neural network market include the growing demand for AI-based solutions and the rising need for intelligent business processes. However, a lack of computational resources and a skilled workforce with expertise in artificial neural network (ANN) can hinder market growth. Furthermore, advancements in big data analytics and the availability of high-performance computing systems offer lucrative market opportunities for the market players. 
Download Sample Pages:
Report coverage & details:
Report Coverage
Forecast Period
Base Year
Market Size in 2022
$227.8 Million
Market Size in 2032
$1.4 Billion
19.9 %
No. of Pages in Report
Segments covered
Component, Deployment Mode, Enterprise Size Industry, and Region.
Growing demand for AI-based solutions
The rising need for intelligent business processes
Advancements in big data analytics.
The availability of high-performance computing systems.
A lack of computational resources and a skilled workforce with expertise in artificial neural network (ANN)
Buy this Complete Report (450 Pages PDF with Insights, Charts, Tables, and Figures) at:
The solution segment to maintain its leadership status throughout the forecast period
Based on component, the solution segment held the highest market share in 2022, accounting for less than two-fifths of the artificial neural network market revenue, and is estimated to maintain its leadership status throughout the forecast period. This is attributed to the growing need for a high level of personalization which is one of the primary reasons enterprises are increasing their investment in the artificial neural network market. However, the services segment is projected to manifest the highest CAGR of 21.8% from 2023 to 2032. The services segment is expected to witness the highest growth, as these services help to reduce the time and costs associated with optimizing systems in the initial phase of deployment. 
The on-premise segment to maintain its lead position during the forecast period
Based on deployment mode, the on-premise segment accounted for the largest share in 2022, contributing for more than one-fourth of the artificial neural network market revenue. An increase in the need for secure and reliable data within the organization is fueling the market growth for on-premises-based artificial neural network solutions. However, the cloud segment is expected to portray the largest CAGR of 21.2% from 2023 to 2032 and is projected to maintain its lead position during the forecast period. It provides several advantages such as reducing costs, supporting business, and effectively controlling the business environment in the organization.
The large enterprises segment to maintain its lead position during the forecast period
Based on enterprise size, the large enterprises segment accounted for the largest share in 2022, contributing for more than one-fourth of the artificial neural network market revenue, owing to the growing demand for artificial neural network solutions in large enterprises which is fueling the market growth in these enterprises. However, the small and medium-sized enterprises segment is expected to portray the largest CAGR of 22.2% from 2023 to 2032 and is projected to maintain its lead position during the forecast period. It provides various benefits to the small and medium-sized enterprises organization.
The healthcare segment to maintain its lead position during the forecast period
Based on industry vertical, the healthcare segment accounted for the largest share in 2022, contributing for less than two-fifths of the artificial neural network market revenue, owing to the development of digital technologies in IT sector. However, the manufacturing segment is projected to manifest the highest CAGR of 24.3% from 2023 to 2032. The surge in implementation of automation trends and the increase in utilization of digital technology in this sector are expected to provide lucrative opportunities for the market.
North America region dominated the global artificial neural network market in 2022
Based on region, the North America segment held the highest market share in terms of revenue in 2022, accounting for less than two-fifths of the artificial neural network market revenue.  The increase in the usage of artificial neural network solutions in businesses to improve businesses and the customer experience is anticipated to propel the growth of the market in this region. However, the Asia-Pacific segment is projected to manifest the highest CAGR of 21.8% from 2023 to 2032. Countries such as China, India, and South Korea are at the forefront, embracing digital technologies to enhance their effectiveness and competitiveness, which is further expected to contribute to the growth of the market in this region.
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Competition Analysis:
Recent Product launches in the Artificial Neural Network Market
In April 2023, Google LLC launched a cloud-based automation toolkit for healthcare organizations and previewed Med-PaLM 2, a neural network capable of answering medical exam questions.In August 2021, IBM Corporation unveiled details of the upcoming new IBM Telum Processor designed to bring deep learning inference to enterprise workloads to help address fraud in real-time..Recent Partnerships in the Artificial Neural Network Market
In June 2023, Snowflake partnered with Microsoft to simplify joint customers’ artificial intelligence projects. A core focus of the collaboration is Microsoft’s Azure OpenAI Service. It provides cloud-based versions of OpenAI LP’s machine learning models, including GPT-4.In November 2021, Qualcomm Technologies partnered with Google Cloud, on Neural Architecture Search (NAS), enabling the companies to create and optimize AI models automatically rather than manually.Leading Market Players: –
Amazon Web Services Inc. Google Inc. Hewlett Packard Enterprise Development LP IBM Corporation Intel Corporation Microsoft Corporation NVIDIA Corporation Oracle Corporation Qualcomm Technologies Inc. Salesforce Inc.The report provides a detailed analysis of these key players in the artificial neural network market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different countries. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:David Correa1209 Orange Street,Corporation Trust Center,Wilmington, New Castle,Delaware 19801 USA.Int’l: +1-503-894-6022Toll Free: +1-800-792-5285UK: +44-845-528-1300India (Pune): +91-20-66346060Fax: [email protected]
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Artificial Intelligence

New process definition capabilities in PIMS further enhance quality assurance and “right -first-time” initiatives for pharma manufacturers




WOKING, England, Nov. 28, 2023 /PRNewswire/ — IDBS unveils new process definition templates in its latest release, PIMS 5.1. Process definition templates enable pharma manufacturers to template process steps and quality specifications for faster process definition set-up and improved harmonization across the manufacturing teams to further enhance quality assurance (QA) and “right-first-time” initiatives.

Providing contextualized access to aggregated manufacturing data, PIMS offers a single source of data truth for efficient gathering, sharing and analysis of critical manufacturing process and quality data to support continued process verification (CPV), investigations and process optimization.
This release builds on recent PIMS’ process definition enhancements that added process definition versioning and approvals to help alleviate manual standard operating procedure (SOP) requirements and enhance QA for a more robust GxP environment.
PIMS’ customers report that these standardized process definition templates will reduce their manual process definition set-up and enable easy, harmonized site and product comparisons.
“Our customers recognize the value of being able to trace their process data over time, not only for tech transfer but also to help them learn from their historical data and optimize future process development,” says Pietro Forgione, General Manager at IDBS. “Having their critical process data in PIMS already gives them the assurance of data integrity and these new enhancements now make it even easier to complete QA and validation steps and move them closer to ‘right-first-time’ manufacturing.”
To learn more, register for the December 6 webinar here.
About IDBS
IDBS helps BioPharmaceutical organizations accelerate the discovery, development and manufacturing of the next generation of life-changing therapies that advance human health worldwide. From lab through manufacturing, IDBS leverages its 30+ years of experience working with a diverse list of customers – including 18 of the top 20 global BioPharma companies – and deep expertise in scientific informatics and process data management to tackle today’s most complex challenges.
Known for its signature IDBS E-WorkBook product, IDBS has extended solutions across the entire value chain for BioPharma Lifecycle Management (BPLM). Built on analytics-centric and cloud-native technology, IDBS Polar and Skyland PIMS platforms are powered by a digital data backbone to drive faster and smarter decisions in drug development and across the supply chain.
Learn more at
MEDIA ENQUIRIES e |  [email protected] 
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