Welcome - and happy Christmas!
Welcome to the first edition of our Newsletter which is being published at the end of a year of growth and innovation for RegTech generally and My Compliance Centre in particular.
Generally, it's been a strong year of growth for RegTech helped by regulators like the FCA openly promoting adoption and funding that is widely available from VCs and Private Equity. Despite RegTech being only a tiny corner of the FinTech market, it's startling to see the incredible diversity of platforms, functions and concepts from the 1000+ RegTech firms.
This month marks the end of My Compliance Centre's first year in business and it is a pleasure to reflect on some of the things that have stood out for me and the team. Not just our 2021 Achievements but the way our vision of the future chimes with other future looking organisations (Compliance quote of the year), how our platform continues to mature with new functionality and modules (Platform update) and as you would expect our excitment welcoming new clients to our community (New firms join our mission).
It is always interesting to see which regulators are most active and to complete our newsletter we've included a short analysis to highlight the movers and shakers and, naturally, the standout regulatory intervention of the year (Regulator watch).
We have had a very pleasing number of new client sign ups and My Compliance Centre is now supporting around 120 individual corporate entities from multiple jurisdictions - with a significant number more are currently piloting the system. I am assured by others in the RegTech community that this represents an exceptional first year of trading. My congratulations and thanks go to our fantastic team for making this happen and our clients for sharing our vision.
This year more than any other we all should be proud of our diligence and resilience - we have certainly all earned that Christmas turkey! So, merry Christmas and a happy new year to you and your families and loved ones from all of us here at My Compliance Centre.
Ben Mason, Chief Executive Officer
Using our automated regulatory data feed we've analysed which regulators are most active and the standout notification this year?
2021 was always going to be a critical year for us. As the year draws to a close, we are proud of what we have achieved.
Compliance quote of the year
Thomson Reuters said it perfectly in “Cost of Compliance 2021: Shaping the Future”
We've had a busy year launching My Compliance Centre, as well as adding new functionality and modules.
Welcome new clients
We are delighted to welcome new clients to the My Compliance Centre community and that are helping our mission to modernise compliance management.
News from Maronka
Maronka is the primary school that My Compliance Centre sponsors in Sierra Leona. What the children go through to get an education is inspiring.