Starling Selected for 2019 Global RegTech 100 List
Washington, DC – Starling, an applied behavioral sciences RegTech company, announced that it has been selected for the 2019 Global Regtech 100 list. The RegTech 100 List recognizes pioneering companies around the world that are transforming compliance and risk management.
The 2019 list was compiled by RegTech Analyst, a specialist research firm, based on input from a panel of analysts and industry experts. The finalists were recognized for their innovative use of technology to solve a significant industry problem, or to generate cost savings or efficiency improvements across the compliance function.
For 2019, the panel considered applications from over eight hundred RegTech firms around the world, double the number from the year before. This reflects the massive growth in this sector as banks and financial institutions grapple with increased pressure from both the public and regulators. Since the beginning of 2016, over $4 billion has been invested in RegTech companies.
Starling approaches the problem of misconduct in a novel way that equips firms to anticipate risk and to be proactive in managing it. Through its Predictive Behavioral Analytics technology, Starling combines artificial intelligence with the latest advances in behavioral science and organizational network analysis to provide insight into where challenging behaviors are likely to emerge and how they will spread, contagion-like through a firm. Unlike traditional surveillance and monitoring tools that are intrusive and backward looking, Starling guides managers to identify root behavioral causes of misconduct and to monitor changes in near real-time.
“We’re pleased to be included in this year’s RegTech 100 List,” said Starling founder and CEO Stephen Scott. “Our predictive behavioral analytics platform positions management for proactive engagement where culture and conduct related challenges impair firm performance or result in operational risks. We expect the RegTech market to expand in the years ahead, as customers experience how tools like ours permit for the more timely, efficient, and effective application of scare management resources.”
Starling is an applied behavioral sciences company using machine learning and network science to build what it calls “augmented management intelligence” tools. Its Predictive Behavioral Analytics technology reveals the performance impact of relational trust dynamics within organizations. Based on this data, Starling’s proprietary algorithms generate actionable insights, displayed through intuitive and customizable dashboards, enabling business leaders to drive improved performance and desired culture – and to identify and mitigate behavior-related risks before they are permitted to cascade into crises
ABOUT REGTECH 100
The REGTECH 100 is an annual list of 100 of the world’s most innovative RegTech companies. These are the companies every financial institution needs to know about as they consider and develop their mission critical RegTech and digital transformation strategies. The list has been updated for 2019 in the face of the new regulatory challenges financial institutions are facing. It will help senior management at compliance, technology and innovation divisions sort through all the suppliers and identify companies who are most likely to have a lasting impact on the industry.