Top 20 Compliance Technology Companies - 2018

Top 20 Compliance Technology Companies - 2018

New and emerging technology trends, such as cloud computing, enterprise mobility, social media, and big data, are rapidly revolutionizing modern enterprises, so much so that these innovations have earned the moniker “the big four.” However, along with their potential to positively transform the enterprise, these promising technologies also carry with them inherent security risks. Given the scale of enterprises today, and their huge repository of data, it is clear that large-scale information systems are necessary for firms to achieve compliance and mitigate associated risks.

As vast amounts of data become digitized and the computing power becomes more powerful than ever, it only makes sense to rely on AI to ensure that an enterprise is compliant with the industry policies and regulations. In the past, systems relied on a rigid set of rules to determine the likelihood of non-compliance. But due to insufficient computing capabilities and the limited amount of data available for processing, previous techniques generated a high number of false positives. However, as AI technology becomes more advanced, it has the potential to be a mainstream RegTech solution. AI is giving computers the ability to learn beyond what they were explicitly programmed to do, allowing them to react to complex scenarios without human oversight.

Another breakthrough in the sector is the growing implementation of blockchain technology. Blockchain has the potential to make data more accessible, transparent, and immediate, with the promise of security. Since blockchains are immutable, the technology could be leveraged to provide records of proof of process to regulators. This will allow firms to better manage their internal compliance programs and report verifiable information to regulators.

To help CCOs, CIOs, and CEOs find the right compliance technology provider for their enterprise, our selection panel has evaluated the best of breed compliance technology providers. In our selection, we looked at the vendor’s capability to fulfill the burning need for cost-effective and flexible solutions that tackle complex compliance challenges. We present to you CIOReview’s “20 Most Promising Compliance Technology Solution Providers – 2018.”

Company Name

Company Description

Accuity Offers solutions that streamline processes, mitigate risk, set compliance strategies, and provide critical insights on the regulatory landscape
AuditBoard Offers a cloud-based solution that automates risk, audit and compliance activities and streamlines internal audit management processes
Avalara Provides efficient and accurate solutions to manage the demanding tax obligations imposed by state, local, and other taxing authorities
Clearwater Compliance Provides healthcare compliance and cyber risk management solutions to empower hospitals and health systems to manage evolving cybersecurity risks and ensure patient safety successfully
Cognigo Cognigo is a solution provider that uses Cognitive Computing to help organizations protect their data and meet data compliance requirements
Comensure Comensure provides a single application for all business processes, risks, and controls and enables multiple compliance frameworks to be monitored and implemented simultaneously
Compliance & Risks Help companies monitor and manage regulations, Standards and requirements through C2P, its knowledge management platform, market access, managed services and other solutions
ComplianceForge Leading provider of cybersecurity and privacy documentation that expedites the process of getting and staying compliant through innovative, best-in-class policies, procedures and other documentation solutions
ETQ Provides Quality Management Software is an integrated quality and compliance management software system that has been pre-configured to specifically address the needs of the Manufacturing industry and ISO 9000 processes
GreenSoft Technology, Inc. Leading provider of environmental compliance data management services and software for the global electronics industry
Lockpath Offers a flexible, scalable and fully integrated suite of applications to manage risk, demonstrate regulatory compliance, and automate business processes —all in order to achieve audit-ready status
NetLib Security Provides a powerful, patented data encryption platform, Encryptionizer® that is cost-effective and assists with compliance
Nymity Offers accountability, compliance privacy and risk software solutions for the privacy office, at every stage and area of privacy management
Opus Global Provides the leading platforms to mitigate business relationship risks and regulatory compliance costs
Origami Risk Offers the only cloud-based software to provide integrated solutions to the entire insurance value chain, address the various risk information management and compliance needs of Risk Managers, Brokers, TPAs and Carriers
RegScan Offers current-to-the-day regulations, keeping clients in-the-know and helping them stay compliant
RizePoint Offers a quality management software that empowers clients to collect and analyze meaningful data so as to gain visibility, drive improvement, and keep brand promises
S3 S3 provides identity governance solutions, governance and risk compliance, and SAP professional services
StarCompliance Offers an all-in-one solution, that is designed to improve efficiency and effectiveness of regulatory compliance processes – while simultaneously safeguarding client’s integrity and reputation
Vigilant A trusted provider of Global Trade Management and Global Trade Compliance business process outsourcing solutions for the Fortune 100 and other trade compliant conscious companies