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DUBLIN--(BUSINESS WIRE)--Nov 28, 2024--
The "Latin America RegTech Business and Investment Opportunities Databook - 50+ KPIs on RegTech Market Size, By Industry, By Technology, By Type of Product, By Deployment, By Product Offering, Market Share - Q3 2024 Update" report has been added to ResearchAndMarkets.com's offering.
The global regtech industry is expected to grow by 29.5% on annual basis to reach US$1.25 billion in 2023. The regtech industry is expected to grow steadily over the forecast period, recording a CAGR of 19.0% during 2024-2029. The regtech in the country will increase from US$969.09 million in 2023 to reach US$2.99 billion by 2029.
This report provides a detailed data centric analysis of regtech industry, covering market opportunities and risks. With over 50+ KPIs at country level, this report provides a comprehensive understanding of regtech market dynamics, market size and forecast, and market share statistics.
The RegTech landscape in Latin America is at a pivotal moment characterized by rapid evolution and significant potential. As regulatory environments adapt to encourage innovation, stakeholders must collaborate effectively to harness the benefits of technology-driven compliance solutions.
By addressing existing challenges, such as regulatory fragmentation and limited awareness, the region can capitalize on emerging opportunities for growth. The continued teamwork between governments, banks, and tech companies is important for creating a strong system for regulating technology in Latin America. This will help ensure that rules are followed and that more people have access to financial services.
Trends in RegTech
RegTech is becoming more popular in Latin America because there are more and more rules that companies have to follow, and they need better ways to ensure they are following all the rules.
Some important trends are:
An example of this trend is OriginalMy in Brazil, which specializes in fraud prevention and identity verification, illustrating how RegTech can address specific challenges within the region's evolving financial landscape.
Recent Launches with Example
Several RegTech companies have recently launched innovative solutions in Latin America. A notable example is Unico, a digital identity platform based in Brazil, which raised significant funding to expand its operations. In 2023, Unico got $100 million in funding from Goldman Sachs. They want to improve their digital identity checks. This investment positions Unico as a leader in the region's RegTech space, facilitating compliance for businesses while promoting financial inclusion through simplified identity verification processes.
Partnerships and Collaborations
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 1416 |
| Forecast Period | 2024 - 2029 |
| Estimated Market Value (USD) in 2024 | $1.25 Billion |
| Forecasted Market Value (USD) by 2029 | $2.99 Billion |
| Compound Annual Growth Rate | 19.0% |
| Regions Covered | Latin America |
Scope
Country reports in this bundled offering provide in-depth analysis of RegTech. Below is a summary of key market segments offered at country level.
Regulatory Compliance Spending
Regulatory Compliance Spending By Industry
RegTech Spending
RegTech Companies Market Share
By Type of Products
By Industry
By Technology
By Industry and Type of Products
Banking and Financial Services and Type of Products
Insurance and Type of Products
Healthcare and Type of Products
Telecommunications and Type of Products
Retail and Type of Products
Transportation and Logistics and Type of Products
Real Estate and Type of Products
Government and Public Sector and Type of Products
Technology and Type of Products
Artificial Intelligence (AI) Technology and Type of Products
Big Data Analytics Technology and Type of Products
Robotic Process Automation (RPA) Technology and Type of Products
Blockchain Technology and Type of Products
Cloud Computing Technology and Type of Products
API Integrations and Biometric Authentication and Type of Products
Data Encryption and Security Technologies and Type of Products
Data Visualization Tools and Type of Products
By Deployment
By Product Offering
By Company Size
For more information about this report visit https://www.researchandmarkets.com/r/yu0zrb
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KEYWORD:
INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY
SOURCE: Research and Markets
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PUB: 11/28/2024 11:30 AM/DISC: 11/28/2024 11:28 AM
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