South African startup RelyComply honoured in prestigious RegTech100 list of most innovative companies for 2024

RelyComply part of RegTech100 2024

RelyComply, a leading provider of cutting-edge regulatory technology solutions, proudly announces its inclusion in this year’s prestigious RegTech100 list

Founded in 2020, James Saunders and Bradley Smith created RelyComply to safeguard financial firms struggling to implement proper anti-money laundering (AML) processes using existing technology providers. As money laundering techniques grew in complexity, so too did regulatory scrutiny, where the founders saw the need for a modern AI-driven platform that could handle every stage of a compliance process. The company has now grown to an expert team of 13, serving leading companies, including Africa’s largest bank (by asset holding), Standard Bank, Snapscan and MoneyGram, among others.

Curated by industry heads and thought leaders in the space, the RegTech 100 is an annual selection that recognises innovative companies that are reshaping the regulatory landscape. This year, it has identified RelyComply’s continued commitment to excellence, innovation and pioneering solutions within regulatory technology, providing a single AML compliance platform that can alleviate the hurdles and inefficiencies that come with adhering to strict, ever-changing global and local AML regulations. 

The RelyComply platform digs further into suspicious transactions and sanctioned individuals in real time to reduce illegal activities that affect our world. This marks a great step for a South African company, driving the adoption of smarter AML software while the country improves its duty to address compliance challenges. 

Reflecting on the inclusion, Bradley Elliott, CEO of RelyComply, says:

We are thrilled and honoured to be acknowledged in the RegTech100 list. This recognition underscores our dedication to developing and delivering smart, powerful solutions that empower businesses to navigate complex regulatory environments easily and confidently.

RelyComply feels privileged to be included in the RegTech100, showcasing our mission to provide the best-in-class single AML compliance solution in the RegTech sector, exceed regulatory standards and expand the capabilities of our platform to new markets and horizons. 

About RegTech100

The RegTech100 list is a prestigious compilation of the world’s top 100 companies demonstrating exceptional innovation and impact in the field of regulatory technology.

About RelyComply

RelyComply is the innovative single AML compliance platform that helps financial services companies understand their customers throughout every stage of the AML/CFT journey. Founded in 2020, RelyComply’s smart, highly configurable technology helps firms reduce their compliance costs by 30% with streamlined KYC, enhanced due diligence, transaction monitoring, PEP and sanctions screening, adverse media checks and transaction screening through one single view. As the preferred AML supplier to Africa’s largest bank, navigating the tough regulatory world is more simple and fast with RelyComply.

More news and resources

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Resourcing a modern AML compliance function

Our RegTech100 inclusion, and the crucial need for evolving regulatory technology