In November, Starling was recognized by two leading Regtech firms for it’s innovative solution to the challenge of culture and conduct risk management. Some of the largest banks and financial institutions in the world look to Starling’s Predictive Behavioral Analytics tools in order to assess misconduct risk proactively, to improve the efficiency of investigations and risk audits, and to demonstrate improved non-financial risk management to their boards, investors, and regulatory supervisors
For the second year running, Starling was named to the RegTech 100 list by RegTech Analyst, a specialist research firm. This year’s process to identify the leading 100 companies in the sector attracted the most entries to date. A panel of analysts and industry experts voted from a list of over 1,000 companies. Fifty-three new companies entered the RegTech100 for 2020 and 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. A full list of the RegTech 100 is available at www.RegTech100.com.
Also, Starling received the Award for Best Solution in the Culture & Conduct Risk Management category at the annual Regulation Asia Awards for Excellence ceremony on November 13th. This category recognises solutions that are designed with specific regulatory requirements in mind, assessed on multiple criteria, including the ease and speed of implementation, flexibility, robustness, scalability, transparency, technical support, cost and return on investment for end clients.
Regulation Asia received over 100 submissions – twice that of 2018 – and the Regulation Asia Awards for Excellence increasingly become a sought-after industry recognition in the regulatory and compliance space. An external panel of 10 judges – comprising subject-matter experts from banks, associations, law firms, consulting firms – was tasked with deciding the winners in each category.
The review panel conducted interviews with the shortlisted firms and, in some cases, their clients, in order to obtain a more detailed picture of the strengths and weaknesses of each firm and draw clear comparisons across entrants. Judges made their decisions independently.
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 cascade into crises.
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Regulation Asia is the leading source for actionable regulatory intelligence for Asia Pacific markets. Since 2013, their audience and subscription base has grown to include regulatory bodies, exchanges, banks, asset managers and service providers, allowing them to play a key role in the regulatory agenda.