English Fintech Landscape News RegTech

Fintech in Finland: RegTech

This is the first article of a series showcasing the most interesting Finnish fintech companies in the categories of financing, investing, wealth management, financial software, customer service & acquisition, data & analytics, APIs & platforms, compliance & security, insurance, blockchain, cryptocurrencies, payments and personal finance management.

This time we focus on companies in the field on compliance and security, particularly in regulatory & compliance technology, RegTech.

Finnish RegTech companies

RegTech companies can provide single point solutions for individual tasks such as reporting or customer identification, or larger scale holistic solutions for managing the entire regulatory landscape with the aim to improve predictability and save costs. There are also companies, whose main focus is elsewhere, and RegTech is their side product, such as the Finnish companies FA Solutions and Invesdor.

NordCheck Holistic Compliance platform helps customers to meet regulation and stay compliant.
Founded: 2017
CEO: Janne Järvenoja
Website: https://nordcheck.com/

Ticker is a web service for handling Market Abuse Regulation (MAR) compliant insider lists easily, securely and automatically.
Founded: 2015
CEO: Henri Pohjalainen
Website: https://ticker.software/

Iconicchain is leveraging the power of distributed ledgers to automate regulatory compliance reporting, auditing and monitoring.
Founded: 2017
CEO: Andras Vajda
Website: https://www.iconicchain.com/

Smart Compliance Management
Founded: 2005
CEO: Mikko Mannonen
Website: http://www.resys.io/

Enfuce provides a PCI DSS compliant cloud-based payment platforms as-a-Service.
Founded: 2016
CEO: Denise Koskinen
Website: https://enfuce.com/

FA Solutions
FA Solutions provides modern Portfolio Management Software with a compliance module that integrates pre- and post-trade compliance rules seamlessly.
Founded: 1999
CEO: Juha Lehtonen
Website: https://fasolutions.com/

Invesdor is a fundraising and investment platform handling also the legal and compliance issues.
Founded: 2012
CEO: Lasse Mäkelä
Website: https://www.invesdor.com/

Meontrust provides security solutions to banks, financial services, telecom operators, and other online services and their users.
Founded: 2010 (Acquired by Inside Secure in 2017)
CEO: Markku Mehtälä
Website: https://www.mepin.com/

Methics provides software products for mobile signature services to operators and application providers.
Founded: 2002
CEO: Jarmo Miettinen
Website: https://www.methics.fi/

Biometric Chat
Biometric.chat develops biometric products for face, voice and behavioral modalities.
Founded: 2018
CEO: Alexander Zimin
Website: http://www.biometric.chat/

If you are interested in RegTech, read the BearingPoint insight: Financial Regulation – How to find a balance between costs and benefits?