NOVEMBER 16, 2021, TORONTO – The Canadian Regulatory Technology Association (CRTA) is very pleased to announce our 18 winners of the CRTA’s first annual Canadian RegTech Awards. Bestowed at a ceremony on November 15, 2021, that was hosted by the CRTA and Ernst and Young (E&Y), the awards were designed to recognize significant achievements and innovation in RegTech solutions that allow financial institutions to meet and more effectively manage regulatory compliance and oversight requirements.
Yesterday evening's event was the culmination of many months of ideation, planning and coordination with a multitude of stakeholders, all of whom enthusiastically responded to the CRTA’s ambitious plan to bring this brand-new Awards program to the Canadian RegTech ecosystem.
“I would like to extend my deep appreciation to each of our sponsor organizations, and to the panel of senior executives and industry leaders who invested their time in reviewing and rating the extraordinary nominations that were submitted by the RegTech solution providers. To each of the nominees and to those declared winners – I offer my sincere congratulations,” said CRTA Board director Paul Childerhose.
Michael Barton from Invest Northern Ireland said: “Due to the explosive growth of data and technology, every global financial services market is now interconnected, so it’s more important than ever to collaborate and learn from each other across borders. The Awards showcase RegTech companies that are demonstrating innovation to strengthen Financial Institutions’ regulatory compliance - which in turn increases the confidence of all stakeholders”
The CRTA Awards were announced in August and 17 different award categories drew a large volume of nominations, which were assessed and judged by a panel of independent experts. The judging panel, process, and details for each category can be found on the Awards website.
Dr. Tom Corr, Founder & CEO of AI Partnerships Corp and one of the 11-person panel charged with the difficult task of judging the nominations, said: “My fellow judges – each bringing diverse perspectives to our deliberations – and I were truly inspired by the range of applications we had to assess. Choosing winners was not easy.”
The CRTA was very pleased with the quality of nominations, which are proof of the promise of Canada’s RegTech sector – a field where Canada already has both expertise and growing international standing.
Donna Bales, Founder of the CRTA, said: “Canada has long been a leader in financial regulation and compliance; I also have believed strongly that our nation has the necessary ingredients to be a global RegTech leader. I feel honoured that we could provide a platform to demonstrate the phenomenal RegTech talent we have in Canada.”
Stay tuned for an even bigger CRTA RegTech Award event next year.
The Award winners and the category won are as follows:
Best Regulatory Reporting Solution – Flinks; Best ESG Reporting Solution – Onyen; Best Wealth Management Regulatory Solution – InvestorCom; Best Compliance as a Service Solution – Four Eyes Financial; Best Innovation Achievement – Mindbridge; Best Cyber Protection Solution – CryptoMill CyberSecurity Solutions; Best RegTech Start-up of the Year – Onyen; Best AI solution for the Prevention and Detection of Financial Crime – Minerva AI; Best Case Management Solution – NICE Actimize; Best Data Privacy Solution – DRT Cyber; Best Market Conduct Solution – Eventus Systems; Best RegTech Solution for Managing Operational Risk and Resiliency – Valital Technology; Best Innovative Technology Partnership with a Financial Institution – Behavox, nominated by TD Securities; RegTech Leadership Excellence – Dr. Ravi Gedela, Founder and CEO of Banking Labs; Best Regulatory Compliance Solution – a tie between Exempt Edge and Flinks; Best Regulatory Collaboration Project – the CIO Strategy Council; and RegTech Founder of the Year – Ms. Nandini Jolly, CEO, President and Founder of CryptoMill CyberSecurity Solutions.
For more information, please contact:
Paul Childerhose, Member of the Board
firstname.lastname@example.org / 416-567-8389
About the Canadian RegTech Association:
The Canadian RegTech Association is a non-profit organization focused on solving regulatory challenges through collaborative efforts between key RegTech stakeholders: regulated entities, technology vendors, regulatory bodies, governments, and professional service providers.
The goal is to facilitate dialogue, raise standards, and promote growth and innovation within the Canadian RegTech eco-system. The organization will endeavour to solve regulatory challenges through collaborative discussion and engagement in proof-of-concept initiatives.