Regtech startup Datarama clinches Anti Money Laundering Award for APAC

Datarama is also part of the global RegTech 100 for the second year running.

Singapore regtech platform Datarama won the RegTech Award for Best Anti-Money Laundering Solution at the Regulation Asia Awards.

The announcement comes as Datarama was also named in the global RegTech 100 for the second year in a row, an annual list of 100 of the world’s most innovative RegTech companies.

“Datarama was the winner for its technology-enabled interactive mapping and cross-checking tool, which gathers data from specialised media, deep web sources and official records to visualise key relationships, unearth obscure information and highlight hidden associations, thereby helping firms to fast-track KYC, due diligence and deal identification,” Regulation Asia’s Award announcement said.

The award recognises firms that are playing a leading role in developing emerging technologies to meet regulatory requirements.

“We developed our regtech platform with the objective to leverage big data and technology to revolutionise the compliance and due diligence space. These awards are a recognition of our achievement in making due diligence and compliance in cheaper, faster and more efficient,” commented Raphael Bouzy, CEO & co-founder, Datarama.

Datarama was recently chosen by Oracle to share its expertise on regtech as part of last week’s Singapore Fintech Festival, the world’s largest FinTech event. Over 30,000 delegates attended the event organised by The Monetary Authority of Singapore (MAS) in partnership with The Association of Banks in Singapore.