Compliance Automation
- Case management
- Rule-based alert systems
- Real-time compliance monitoring
- Automated regulatory reporting
RegTech Software Development
When Technology and Regulations Walk Side-by-Side, Reformation Takes Place.
Ever thought that the rise of technological solutions could result in the evolution of an industry? Yes, RegTech, widely known today, was once a tactic to assist financial institutions in meeting necessary regulations. Regulatory Technology or RegTech means the technical help that improves processes relating to compliance and risk assessment.
Today, RegTech is serving financial, healthcare, corporates, big enterprises and many more by offering tools to automate processes with real-time monitoring features and improved reporting abilities. The sector enables risk reduction and also facilitates effective compliance with low human errors and frustration.
RegTech solutions prove to be effective for the customers, service providers, and even for the government, as they benefit everyone in mankind by eliminating non-compliance risks and cybersecurity threats. DigiWagon, one of the leading RegTech software development service companies, offers comprehensive support in RegTech solutions development. Our services make sure to offer user-friendly UI/UX designs and the use of advanced technologies to achieve your business goals and meet customer requirements.
Our RegTech Software Development Services
DigiWagon provides an integral RegTech solution to your compliance and cybersecurity problems. Our services involve consulting, development, modernisation, software integration, and many more. We help you with a software solution that not only adheres to regulatory requirements but also eases your compliance processes. Our RegTech Services include:
RegTech Software Consulting
At DigiWagon, we understand the implications of not complying with legal regulations. We encourage you with an effective solution of using technology to bring innovation to compliance processes. Our RegTech consulting services assist you in developing and implementing RegTech solutions for improving performance, reducing risk and ensuring compliance.
RegTech Software Development
The traditional means of performing compliance processes manually is both time-consuming and prone to errors. With our specialised RegTech software development services, we bring automation to eliminate manual tasks such as filling forms, performing KYC and others. We develop compliance solutions that ease into meeting regulatory requirements with digitalised onboarding, document verification, risk assessment, and fraud detection.
Migrate/Modernise Legacy Compliance Software
Your legacy compliance software can obstruct your business growth as it may miss the refreshing details on time. We ensure upgradation to your legacy systems or build effective compliance software that ensures ongoing support and provides real-time insights. Our assistance in the complete transformation or modernisation of your legacy systems will result in risk reduction and avoid penalties.
Custom RegTech Application
At DigiWagon, we develop custom RegTech applications driven by your business needs and expectations. Our expert team builds scalable RegTech solutions to simplify complex processes and unify operations to achieve regulatory compliance. Since every business requires to abide by different compliance laws, we help you design software that meets the exact compliance requirements through tailored RegTech solutions.
RegTech Software Integration
Our developed advanced system solution uninterruptedly integrates with the existing system, other compliance tools, and required regulatory documents with minimal downtime. Further, we build a central location or engaging dashboards for performing your business operations such as risk evaluation, regular monitoring, reporting, data security and privacy check, and others with an integrated RegTech Software.
RegTech Software Security and Compliance
Customer data is prone to cyber threats and unauthorised access and requires measures to secure sensitive data. At DigiWagon, we develop RegTech solutions featured with encryption and secure storage to prevent cyberattacks and ensure compliance. Our professional assistance keeps you upfront in regulatory compliance with advanced tools that automate the processes and ensure ongoing monitoring operations.
AI-Enabled RegTech Solutions
The manual processes for abiding by regulatory obligations cannot keep you ahead in today’s ever-growing world. We build RegTech solutions that use advanced AI to ease various compliance processes, such as customer onboarding and transaction monitoring, and detect fraud. Our AI-based RegTech Solutions enable anomaly detection, identity verification, scan against watchlists, and detect money laundering patterns.
Intelligent Compliance Management (ICM)
Compliance, seen as a burdensome obligation is now finetuned with technology intervention. At DigiWagon, we utilise advanced technologies like artificial intelligence, machine learning, blockchain, and big data analytics to deliver intelligent compliance management solutions. We develop compliance software that simplifies compliance processes and improves organisational efficiency. We find compliance a regulatory obligation rather than mere ticking boxes, and a strategy to implement ICM helps you reduce risks and improve decision-making.
Robotic Process Automation (RPA) for Compliance
DigiWagon aims to improve compliance processes by encouraging automation in repetitive and rule-based tasks. For instance, involving robotic process automation (RPA) eases data entry, reporting, transaction monitoring, and more. We build effective RPA solutions to ease compliance problems such as inaccuracy, inefficiency, and human errors, to deliver consistency and transparency in operations.
Regulatory Data Analytics & IoT Integration
We enable advanced data analytics and IoT integration solutions in your compliance management systems. Our high-tech solution leads to real-time monitoring, eradicating cybercrimes, ensuring security, and adherence to regulations. We further involve data analytics features to enable ongoing monitoring and improve decision-making with a personalised software solution.
RegTech Software Development Feature Matrix
We establish a clear roadmap of functionalities that enable automation, real-time monitoring and improved data analytics for your RegTech business. Have a quick look at the features we offer:
KYC/AML Systems
- Digital Identity Verification
- Customer Risk Profiling and Scoring
- Watchlist and Adverse Media Tracking
Platform Integration
- Integration with ERP, CRM and Core Banking
- Regulatory API Connectors
- Cloud-native Deployment
- Third-party Integrations
Risk Analytics and Operational Efficiency
- Behaviour and Analytics
- Transaction Monitoring
- Tracking and reporting triggers
- Fraud Detection
User Experience
- Engaging and user-friendly dashboards
Industry We Serve for RegTech Industry
Regulatory Technology, commonly known as RegTech, is used to serve many other industries that need to stay compliant. Our RegTech software development services prove to be helpful to the following industries for designing software that is innovative, user-friendly, scalable, and standards aligned.
Banks & Financial Institutions
The enhancement in technology solutions to comply with regulatory requirements gave rise to the RegTech industry. RegTech in banks and financial institutions reduces manual data comparison, report preparation time, insider trading, and other inefficiencies to ensure crime detection and global tax reporting. As such, we offer automation and data management solutions at every compliance stage to help banks and financial institutions adhere to regulations.
Money Service Businesses & Exchange Houses
MSBs and Exchange Houses are likely at high risk due to prevalent money laundering and terrorist financing activities. RegTech in these businesses results in enhanced risk management and data insights for abiding by Anti-Money Laundering (AML) laws. Our RegTech platforms provide accurate and cost-effective solutions to automate AML and KYC processes and simplify other compliance operations.
Virtual Asset Service Providers (VASPs)
VASPs face huge penalties due to failures in KYC/AML implementation. RegTech ensures that the industry remains compliant with enhanced risk assessment processes, simplified customer onboarding, fraud detection capabilities, and automated data collection. DigiWagon uses advanced technology, such as data analytics and Natural Language Processing (NLP), to structure or extract information from complex data for VASPs’ businesses to outgrow with RegTech solutions.
Payment Processors & FinTech Platforms
Fintech markets are growing at a faster pace, and customers have also made a switch to online payment modes. We serve payment processors and fintech platforms with RegTech integration through APIs for secure transfers and regulatory compliance. Our focus on smooth integration results in better customer experience and efficient operations.
Corporate Enterprises & Multinationals
RegTech solutions to large organisations such as corporate enterprises and multinationals result in scalability and security while operating in multiple jurisdictions. We build RegTech software with innovative dashboards, integration to ERP and CRM software, cloud-based platforms, and data security measures.
Regulators & Supervisory Authorities
RegTech, utilised by regulators and supervisory authorities, known as SupTech or supervisory technology, examines, controls, and implements compliance with financial regulations. We use a mixture of advanced technology, such as big data, cloud computing, ML, & AI to build SupTech software that collects, analyses, and interprets large data to identify risks and detect violations of the law.
Compliance & Security First
AML/KYC
GDPR
SRD II
FINRA
FINTRAC
PCI-DSS
SOX
FinCen
OCC
SEC
FTC
ePrivacy
SOC 1 and SOC 2
Entering a New World shouldn’t Feel Challenging.
Our comprehensive RegTech solutions enlighten your compliance perspective.
Technologies That Enhance Experiences
The creative design and innovative solutions backed by tech whizzes help you stand out in a crowded market.
Future in Action: Our RegTech Innovations
RegTech establishes itself as a great facility for financial institutions, healthcare industries, banking sector, corporates and more. Technology advancement benefits these industries with a significant solution that simplifies processing with compliance obligations and ensures data privacy and security. At DigiWagon, we build custom RegTech applications and software using advanced technologies that help organisations reduce risk and remain compliant.
Serving the RegTech industry leads us to serve other industries linked to it. Our anticipation and knowledge of compliance, data security measures, and rising technology keep us ahead in the competitive world. We not only acknowledge the trends but enrol ourselves into them to deliver a modern compliance solution that achieves RegTech excellence. Our innovative RegTech solutions provide:
Extensive support in fulfilling your compliance obligations and meeting data security and privacy requirements.
Real-time experience with the use of advanced technology such as AI, machine learning, blockchain, data analytics, cloud computing for automation, monitoring, scalability, and analysis.
Frequent updates with the latest tech advancements and changes in regulatory requirements.
Constant updates and effective communication regarding the work in progress at every step.
User-friendly and engaging interfaces and dashboards for enhancing user experience and leading to a profound compliance journey.
DigiWagon walks alongside to support your vision of encouraging technology to ease compliance processes. We move hand-in-hand and feel like a team to develop, deploy, launch, and run a platform featuring risk management and compliance adherence.
How We Work
1
Discover
Recognise your business goals, vision, values, and market scope.
2
Design
Fashion it into a detailed sketch matching user preference.
3
Develop
Inducing powerful codes for handy operations.
4
Deploy
Rolling out to interact with the outer world.
5
Delight
Maintaining system shine aptly.
Stats That Show
Projects Delivered
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On time, every time⌛!
Global Clients
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Happy and high-fiving 🙏 !
Customer Satisfaction
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Because we make it happen ❤️!
Years in the Game
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And still making waves 🌊 !
Countries Mapped
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Spanning diverse continents!
They Loved It, You Will Too!
“They are very cooperative and responsive, Kartik was and still is super patient with my needs and questions ”
“Kartik and team at DigiWagon Technologies did a fantastic job on my website renovation. Kartik is easy to work with, patient with any changes and quick and efficient with his work and willing to spend time to revise things. And the work was done for a reasonable price, very much worth it! And I'm proud of my new website...”
“Kartik and DigiWagon Technologies have been working to keep my website seamlessly functional and aesthetically beautiful. They have been responsive to every step of the way and easy to reach for any request. I had so many options available that I could dream up anything that suits my needs! Very happy client.”
“Kartik and DigiWagon have been a great support for my business over the past six years. They built and later transformed my website into a professional e-commerce platform with smooth functionality. Their expertise, availability, and proactive approach make them highly recommendable."
“DigiWagon has been our trusted partner in our digital experience. They're very responsive, knowledgeable and follow timelines. Will be taking up many other projects with them soon!"
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IN THEIR WORDS
Hear it from the people we've built for.
“They are very cooperative and responsive, Kartik was and still is super patient with my needs and questions”
“Kartik and team at DigiWagon Technologies did a fantastic job on my website renovation. Kartik is easy to work with, patient with any changes and quick and efficient with his work and willing to spend time to revise things. And the work was done for a reasonable price, very much worth it! And I'm proud of my new website...”
“Kartik and DigiWagon Technologies have been working to keep my website seamlessly functional and aesthetically beautiful. They have been responsive to every step of the way and easy to reach for any request. I had so many options available that I could dream up anything that suits my needs! Very happy client.”
“Kartik and DigiWagon have been a great support for my business over the past six years. They built and later transformed my website into a professional e-commerce platform with smooth functionality. Their expertise, availability, and proactive approach make them highly recommendable."
“DigiWagon has been our trusted partner in our digital experience. They're very responsive, knowledgeable and follow timelines. Will be taking up many other projects with them soon!"
Your Keen Eyes Visualising Transformation Requires Precise Execution.
We build solutions that enable automation and secure data handling in the regulatory environment.
Case Studies
Insights
RegTech Software Development - FAQs
01 Should I build a RegTech solution in-house or buy from a vendor?
Building or buying a RegTech solution solely depends on the scope, needs, purpose, and budget of the business. Businesses with complex and unique needs may choose in-house RegTech solutions, while small businesses and startups can purchase from a vendor for fast and cost-effective solutions. However, we support you with a ready-made RegTech Solution designed for your specific needs and also deploy a subscription-based model.
02 How long does a typical RegTech implementation take?
Your RegTech solution implementation may take a shorter period or longer, depending on the project complexity and scalability. The other factors that influence the implementation process include level of automation, integration, data quality, and change management. We offer RegTech solutions that best suit your company with faster deliverables.
03 What are the common barriers to RegTech adoption?
The most common challenges to RegTech implementation are compliance complexity, budget, change in regulations, integrating data, cybersecurity risks and others. To address these barriers, we develop regulatory intelligence platforms that offer real-time updates, strategise data management, use agile methodology to overcome change management, and use encryption technologies to offer at economical prices.
04 What are the risks and controls for regulatory data in cloud-based RegTech systems?
Regulatory data is vulnerable to data breaches and cyber-attacks on cloud-based platforms. At DigiWagon, we build RegTech systems with powerful network security measures, frequent updates, a continuous monitoring feature, and access controls. The other best practices we involve for regulatory data control are understanding data residency for storing data at specific geographic locations and developing a pre-defined strategy to address breaches and violations.
05 What role does AI play in risk scoring and predictive analytics for RegTech solutions?
The advancement in AI has resulted in the introduction of real-time monitoring, automation, and advanced data analytics. DigiWagon develops RegTech solutions that involve AI, which helps in risk assessment and predictive analytics by detecting patterns, forecasting potential threats, and monitoring data continuously to analyse for risks.
