According to data provided by research and intelligence firm Tracxn, private investments into the Indian RegTech space have increased by over five times so far in 2019 to reach an estimated $43.5 million, compared to $7.26 million in 2018. Notable RegTech start-ups to receive funding include Simility, CrediWatch, Digio, Fintellix, DotAI, NextKYC, Credible Ninja and Idfy.in among twenty others providing solutions ranging from e-KYC verification, fraud detection, financial scoring, KYC compliance, AI-based financial risk management to anti-money laundering and CRM tools.
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