Regtech is the best solution for accounting and finance. PWC coined the term “Regtech” in 2017 to refer to anything that helps simplify or automate regulatory compliance solution. It can be used as an umbrella term for software, processes, consulting services, etc.
This blog post will discuss eight of the best Regtech solutions on the market today:
- Yodlee – This is a cloud-based financial management platform, and it helps with account aggregation so you can track all of your accounts in one place. You also get real-time notifications on transactions for each account, making monitoring more accessible than ever before.
- Moneylens – This is a budgeting and financial planning tool. It’s compatible with all bank accounts, credit cards, loans, and investments to provide real-time data on your entire economic life.
- ZestFinance – An online credit underwriter who uses real-time machine learning to decide how risky someone is. It can help you get approved for loans even if you have a low score, and it also helps with fraud detection, so your information stays protected at all times.
- Quovo – A financial data aggregator that collects account and investment data from over 12,000 sources. It provides insights into your net worth, asset allocation, and more to make better financial decisions.
- BillGuard – Helps you avoid hidden and unexpected charges, which can add up to a lot over time. It also helps you identify potential scams so your information stays safe.
- Glint – This financial management app can help with personalization. You just type in your salary, and it breaks down what you’re spending money on so you can get an idea of where to cut costs.
- ForUsAll – This is a 401(k) plan provider for small businesses that lets you choose your investment portfolio. You get to keep all of the profits yourself, and it’s designed with ease-of-use in mind, so no one has to go through tons of paperwork before investing.
- Pave – Offers financial advising, social connections, and job opportunities so you can easily find the right path for your career. It also helps with credit history improvement to help you get approved for loans when needed.
As you can see above, there are lots of options available that will streamline your accounting process while increasing security. Try out a few Regtech solutions above and see which one works best for you!