The 10 best performing regtech solution providers

Disrupting the
Regulatory
Landscape
n the age of technology, where everything is
Iinterconnected, financial businesses are regulated to
save more time and resources as they have to meet the
growing customer needs. We have already entered the
digital revolution, where businesses have transformed into
the digital space and are aligning their offerings as early as
possible. The bottom line is to think big and act according
to the changing needs of the current situation.
With the rise in digital products, the chances of data
breaches, cyber hacks, and other fraudulent activities have
also increased. After witnessing such a dilemma, businesses
have started realizing the importance of Regtech.
While the digital market is the future of the Regtech
industry, more and more companies are lining up their
contracts and business with the Regtech companies. If it
was not for the regulation of information technology to
enhance regulatory processes, Regtech would not have
existed. But since Information Technology is all around us,
Regtech is here to minimize the risk of human error by
automating the process.
Regtech companies have your back in the digital part and
the business compliance or to say it is the yin and yang of
the industry, completing the circle of compliance. Having a
Regtech company by your side means entrepreneurs and
innovators can focus on the big things. It has become the
strongest force in the world of compliance by becoming the
centralized regulatory platform for all the companies.
With advanced technologies like artificial intelligence or
big data, these companies are capable to deliver more
robust verification capabilities claiming the promising part
Editor’s Desk

of the industry. Today, Regtech is not just about technology
or compliance, they are like any business, satisfying the
client’s needs.
All this has led Insights Success to come up with the new
edition of The 10 Best Performing RegTech Solution
Providers. Featuring as the cover story of this edition is
aRMadillo® Group - a Regtech and compliance business
specializing in verification data and documents for on-
boarding and constant client monitoring. It covers and
protects regulated businesses for Know Your Customer
(KYC), Due Diligence, and Enhanced Due Diligence. It
helps stop financial crime and money laundering, and
information supplied helps companies prepare and pass
regulator inspections which are getting tougher these days.
Besides, Armadillo was the first online corporate data and
onboarding compliance information system on the web,
launching in June 1997.
Learn about more such Regtech companies that are
disrupting the regulatory landscape by providing
technologically advanced solutions to the ever-increasing
demands of compliance.
Also, while flipping the pages you may come across CXO
standpoints by industry experts and insightful articles
drafted by our in-house editorial team.
Let’s start reading!
sourabh@insightssuccess.com
Sourabh More

ContentS
08
Armadillo
A Leading Compliance
Solution Provider Since 1997
Cover Story

16
deltaconx
unifying regulatory
compliance
24
LogSentinel
Improving Cyber Security
with Threat Detection
and Response
32
MAP FinTech
Technology at the Heart
of Regulation
36
Sedicii
Making Identity Veri ication
More Secure than Ever
Article
20
Down and Out Compliance
Meeting Regulatory and Compliance
Requirements Most Eﬀectively by
Using RegTech Platforms
28
CXO
Leader’s Viewpoint
The Role of Data

sales@insightssuccess.com
May, 2021
Editor-in-Chief
Senior Sales Manager Business Development Manager
Marketing Manager
Technical Head
Technical Specialist Digital Marketing Manager
Research Analyst
Database Management Technology Consultant
Hitesh Dhamani
Managing Editor
Anish Miller
Executive Editor
Sourabh More
Assistant Editors
Jenny Fernandes
Visualizer
David King
Art & Design Director
Asha Bange
Associate Designer
Kartik Balapurkar
Kshitij S Peter Collins
John Matthew
Sales Executives
David, Martin, Aditya
Business Development Executives
Steve, Joe, Aidan, Binay
Jacob Smile
Aditya Marry D'Souza
SME-SMO Executive
Amol Wadekar Frank Adams
Circulation Manager
Robert Brown Stella Andrew David Stokes
Shubham Dali
Co-designer
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Brief
Company Name
Bozhidar Bozhanov
CEO
LogSentinel
logsentinel.com
LogSentinel delivers robust and reliable cybersecurity solutions
designed to protect against data breaches and insider attacks, as
well as ensure a higher level of compliance with legal standards
and regulations.
Michael Saracini
CEO
Aravo Solutions, Inc.
aravo.com
Aravo Solutions delivers market-leading, cloud-based solutions
for managing third party governance, risk, compliance and
performance.
Global Fund Watch
globalfundwatch.com
Valerie Kaliski, CEO
Founded in 2015, Global Fund Watch interconnects financial
actors and offers a stop-solution for KYC and AML
requirements.
deltaconX AG
deltaconx.com
Fabian Klar
Director Sales and
Customer Relations
deltaconX harness technology to make regulatory compliance
processes easier, faster and more cost effective by offering All-
inclusive packages.
Brian Fahey
CEO
MCO Inc mco.
mycomplianceoffice.com
MCO provides compliance management software that enables
companies around the world to reduce their risk of misconduct.
ΜΑΡ FinTech
mapfintech.com
Mark Ellis
Business Development
Manager
MAP FinTech is a leading and award-winning regulatory
technology provider for the financial services industry.
Apiax AG
apiax.com
Nicolas Blanchard
CEO
Apiax is a Swiss RegTech that builds digital solutions to help
financial institutions be compliant with complex regulations
worldwide.
aRMadillo® Group
armadillogroup.com.au
Emmanuel
‘Manny’ Cohen
Founder & CEO
Armadillo Group specializes in the import and wholesale of
lubrication equipment and hydraulic hose, fittings and
components.
Sedicii
sedicii.com
Rob Leslie
Founder & CEO
Sedicii is creating a federated, global identity verification
network which enables real-time identity verification by
certified, trusted identity providers.
e4 Strategic
e4.co.za
e4 is a technology company specialising in digitalisation.
Grant Phillips
CEO
Featured Person
BEST PERFORMING
SOLUTION PROVIDERS
REGTECH
TH
E

COVER STORY
A LEADING COMPLIANCE SOLUTION
PROVIDER SINCE 1997

Emmanuel 'Manny' Cohen
Founder & CEO of aRMadillo®

In 2020 $12bn was handed out in fines by regulators,
making a total of $48bn for failures in on-boarding of
clients for the prevention of Money Laundering and
Terrorist Financing. This has led to an uptick in identity and
data validation; and businesses now need a reliable way to
confirm data and document verification more than ever.
The aRMadillo® Group is a Regtech and compliance
business specializing in verification data and documents for
on-boarding and constant client monitoring. It covers and
protects regulated businesses for Know Your Customer
(KYC), Due Diligence and Enhanced Due Diligence. It
helps stop financial crime and money laundering, and
information supplied helps companies prepare and pass
regulator inspections which are getting tougher these days.
In an interview with Insights Success, Emmanuel 'Manny'
Cohen, Founder & CEO of aRMadillo® Group shares the
necessity of document identification and how the company
is disrupting the regulatory landscape by delivering cutting-
edge solutions to the ever-increasing demands of
compliance within the industry.
Below are the highlights of the interview:
Give us a brief overview of The aRMadillo® Group, and
its journey since inception.
Our universe covers 380m companies, 5bn individuals and
over 1000 corporate registries in 220 countries; giving a
coverage not equalled by any of our competitors.
Armadillo was the first online corporate data and
onboarding compliance information system on the web,
launching in June 1997. Other firsts include the Armadillo
App in 2011 and our digital multi-lingual worldwide
document ordering system; launched in February 2019
amongst others.
In the early 2000's we mainly bought, re-engineered and
sold data to corporate data providers such as Onesource/
Avention (now part of Dun & Bradstreet) which introduced
us to the world of RPA (Robotic Process Automation)
giving us today, many years of experience in automating
data delivery.
Innovation and being the first with our technology is in our
DNA. Armadillo was awarded a place on the Global
Regtech100 list for 2021, in the Global top 45 buyers guide
and featured in several banking magazines last year and this
year.
As well as Instant Online Compliance Data, Armadillo
supplies Legal & Compliance advice. We understand the
needs of Regulated businesses, having three different
regulated firms in our group, including a UK regulated law
firm that can also ensure customer confidentiality.
Please list the popular services that make your company
standout from the competition.
Armadillo provides a truly global Know Your Customer
(KYC), Due Diligence and Enhanced Due Diligence service

all sitting and working through what we call The Armadillo
Hub.
Having a UK regulated law firm in the group also means
Armadillo can obtain information from offshore
jurisdictions and act on behalf of both Financial and
Regulated institutions as well High Net Worth Individuals,
giving full client confidentiality.
Armadillo's systems and universe include 380million
companies and 5billion adult individuals globally. Giving
both instant corporate reports and original registry
documents, vital in the prevention of money laundering and
terrorist financing. All processes systems are ISO 9001 ISO
27001 certified and audited, so that institutions can happily
also plug Armadillo into their systems; knowing we work to
the highest standards.
Armadillo is becoming the 'got to' business for all
onboarding and KYC as our services also includes global
PEPs (Politically Exposed Persons) checks, sanctions,
adverse media and passport & ID checks.
On top of data supply and onboarding verification, what
also keeps us ahead is our expertise in RPA (Robotic
Process Automation). A truly high-tech way forward and
much needed by the compliance industry. AI systems and
block-chain security and verification also adds to the mix.
The final comment about what makes us different comes
from one of our long-standing clients and one of the top 4
global consultancies. “Armadillo always delivers”.
What is your opinion on the necessity for businesses to
align their offerings with newer technological
developments, especially when it comes Digital
Transformation?
It is estimated that 15% of a regulated business's staff are
involved in compliance work. This is a huge amount of
financial and time resource and as more and more industries
are being brought into the mix, the cost is just rocketing as
there truly are not enough people. If a business does not
constantly transform as many of their compliance functions
as possible into the digital space, they will lose efficiency
and money as the costs just eat up the bottom line.
In your opinion, what could be the future of Digital
Market Place post the COVID-19 pandemic? And how
are you strategizing Armadillo's operations for that
future?
The Digital Market Place is the future in our industry, with
many companies putting themselves out there for contracts
and business. It's not just Covid19 that has caused this. It
was happening anyway.
Of course, being in this industry means that going forward
we really do have to play our part in it. The uncertainty
around Covid-19 has just raised the knowledge of it and its
importance in the minds of the public.
How do you unify Corporate Compliance and Data
systems with the The aRMadillo® Group's easier, faster,
and more cost-effective services?
One of our divisions is Corporate Secretarial and
Administration for International businesses. We are
The 10 Best Performing Regtech Solution Providers

therefore regulated and subject to inspections. We found we
always did well whilst many of our peers were suffering
fines or multiple regulator visits. We realised we were
obviously quite good at compliance and decided to change
our corporate assistance division into helping businesses
with their compliance.
People forget that the reason for data collection around
Regtech is to help companies pass inspections and avoid
prosecution that may lead to massive fines, reputational
damage and jail for individuals. We believe that the two
strands of compliance are symbiotic. The Regtech is the
scalable digital part and the corporate compliance is the
backup consultancy. It also uses and works with the data
systems and feeds some of its data. You might say it's the
Ying and Yang of the industry. It completes the Circle of
Compliance. Hence Regtech and Compliance.
How do you provide accurate and efficient Translation
services with your high-quality professional translation
and localisation services?
This is interesting as people forget the reasons behind client
on-boarding and checking. Many businesses ask for our DD
information for on-boarding but also use it for legal and
contractual purposes. They also need to understand what
they are looking at. So if you are American and receive
documents in Hindi or Japanese, its not just about ticking
the box that you have them, but the regulator might ask a
compliance officer what the document means during an
inspection.
Having a law firm and a worldwide translation network,
means that we can not only provide localised translations
from any language to any language, but certify them,
legalize or Apostille the translated document.
As an established business leader, what would be your
advice to the budding entrepreneurs aspiring to venture
into Information Services & Regtech Industry?
We entrepreneurs and innovators are dreamers. Budding
Entrepreneurs should always remember that on their
journey they will come across detractors and competition.
Competition is normal, its good as it drives the market. Just
strive hard for what you want to achieve and do not forget
the little things, like administration and finance. You can be
the greatest innovator, salesperson, or dealmaker; but if you
have not got the business basics right, you won't survive.
Information Services and Regtech are not just about tech or
information, they are like any business, they are about
satisfying the client's needs.
Finally, in my view, it doesn't matter what industry an
entrepreneur is in, it's the same fundamental;
entrepreneurship is 'Belief in Yourself'. You really do need
that confidence that you are doing the right thing, it's what
gets you through the tough times.
So, believe in yourself and never stop dreaming!!
How do you envision on sustaining your company's
competency in a cutthroat and volatile world of
business? Where do you see your company in the next
five years?
Keep innovating for the next 5 as we have done for over 20
years, its paramount in this digital age we live in. We are
working to be the 'go to' place for Regtech globally and a
household name in the world's top regulated businesses.
We are working on some smart systems and processes that
will truly be ground-breaking and disruptive in the industry
in the coming years. Yet much is about watching trends in
the market with versatility and flexibility, key. In 2018, the
market was changing fast and we re-wrote our marketing
material 3 times in the year, based on the fast-changing
client needs. We had to adjust our products at the same
time.
Before I changed the business to concentrate on Regtech I
analyzed when we did really well historically and found it
was during years where we innovated the most, constantly
bringing out new or updated products. So that is what we
see ourselves doing. It will never stop.
Ensuring Customer Satisfaction
“Our Regtech systems are provided either directly to clients
via our web platforms, mobile App & API, or indirectly via
rd
major channel partners & 3 parties via our white labelled
systems. We work with several of the world's top banks as
well as the big, regulated, consulting firms amongst others.
As I said before, and we're often told this – Armadillo
always delivers. I often say to our major clients, especially
if we're doing some RPA with data supply, that once it's all
set up “If you don't say Wow! I want to know about it,” says
Emmanuel 'Manny' Cohen.

kimberly Khoury
Paving her Way in Sustainability Development
&
&
The
20
BUSINESSWOMEN
to Watch, 2020
SUCCESSFUL
Most

Fabian Klar
Director Sales and
Customer Relations
16 | May 2021 www.insightssuccess.com

deltaconX
unifying regulatory compliance
During the last few years there has been a clear trend
to use cloud-based solution. The advantages of a
centrally managed and maintained private cloud-
based reporting platform that can be accessed from
everywhere in the world are always existent. deltaconX
AG believes that cloud computing and in consequence
outsourcing of data centres is the future for most industries.
The company is working with two highly secure data
centres (Tier 4) in which its data and its customer data is
maintained. deltaconX AG offers its solution as private
cloud solution since 2013 as it realized these advantages
much earlier. The pandemic has even more accelerated the
trend to use cloud-based solutions.
deltaconX AG’s main sector of activity is the financial
industry but also non-financial companies are among its
clients. As a Swiss company based in Lucerne, deltaconX
AG is a full-service provider offering a unique software and
support package specifically tailored to European Financial,
Energy, and Commodity trading organisations to cover
multiple jurisdictions within a unified regulatory platform.
At the helm of the company is its elite leadership team. One
of the key members of the company is Fabian Klar,
Director Sales & Customer Relations.
Strong Position in Financial Sector
deltaconX AG’s deltaconX regulatory platform has been
launched as a private cloud solution in 2013 to offer a
reporting solution under the European Market Infrastructure
Regulation (EMIR). In 2015, the reporting obligation under
the Regulation on wholesale Energy Market Integrity and
Transparency (REMIT) has kicked in and company
included the module to its solution. In 2017, the Financial
Market Infrastructure Act (FMIA or FinfraG) in Switzer-
land came into force and it won 50+ financial institutions in
Switzerland.
In 2018, the Markets in Financial Instruments Regulation
(MiFIR) entered into force in Europe and it has included
transaction as well as trade reporting modules into its
regulatory platform. In July 2020, the Securities Financing
Transaction Regulation (SFTR) reporting obligation came
into force. With the introduction of this highly complex
regulation into its deltaconX regulatory platform, the
company has significantly strengthened its positioning in
the financial sector.
Clients from Different Sectors
Today deltaconX AG reports on behalf of over 200 direct
and indirect clients coming from different sectors. It has its
Energy and Commodity trading organisations on one hand
and on the other hand it has its clients from the financial
sector being banks, asset managers, insurance companies or
pension funds. Even industrial clients that are active in the
capital markets (mainly FX trading) are among its clients.
Beside the company’s direct clients, it also has partnerships
in place with some of the most prestigious software vendors
in the financial industry. It has been white labelling its
platform to Finastra and SimCorp and has a connectivity
agreement with Murex in place. It plans to further extend
such partnerships and are confident that it can announce at
least 1-2 new cooperation within 2021.
Easing Regulatory Reporting Processes
deltaconX AG’s vision is to become the strongest
FinTech/RegTech community in unifying regulatory
compliance processes by providing its centralized
deltaconX regulatory platform. The company intends to
ease regulatory reporting processes of its clients as much as
possible while reducing the total cost of ownership
significantly.
Brexit has also been a topic that kept deltaconX AG busy
over the last months as depending on the regulation, reports
must either be split between both regulations or even
double reporting might be necessary for certain transactions
and constellations. deltaconX AG has established additional
EMIR UK, MiFIR UK and SFTR UK reporting modules
that include rules engine defining under which regulation a
transaction or even a delegated report needs to be reported.
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May 2021
www.insightssuccess.com

deltaconX supports multiple
regulatory reporting jurisdic-
tions within its uniﬁed state of
the art SaaS platform.
‘‘
‘‘
18 | May 2021 www.insightssuccess.com

Fulfilling All Regulatory Reporting Obligations
“For us, working with deltaconX is not just about having a
solu on provided by an external vendor. Instead, deltaconX
has proven to be more of a partner, suppor ng us with their
broad knowledge on regulatory repor ng burdens.”
“We decided to go with the deltaconX SFTR solu on because
the respec ve product is very intui ve to use and could be
implemented with li le effort as well. The deltaconX
regulatory pla orm is highly user-friendly and enables us to
easily create SFTR reports in an efficient way and to be 100%
compliant all the me. In addi on, there is the prospect of
connec ng further regulatory topics such as EMIR all within
one interface which makes it more comfortable for the back-
office departments.”
The repor ng start went well for us.
We would like to thank the team of deltaconX for the
support and can par cularly emphasize the feedback
management and the high response speed.
“deltaconX perfectly fulfils the function as a central platform
for different regulatory reportings like EMIR, FMIA or MiFIR
and convinces with innovative spirit, flexibility and great
support.”
deltaconX is a reliable and credible partner that provides a
highly flexible solu on for the coverage of dc's regulatory
repor ng obliga ons.
The robust technical pla orm has definitely helped us to
streamline and automate the repor ng processes, which
ensure regulatory compliance with both exis ng and
upcoming regula on regimes.
Great support from deltaconX that is always sensi ve to our
specific business needs is highly appreciated.
Multi-Regulatory Platform
The deltaconX regulatory platform is a state-of-the-art
multi-regulatory platform offering various possibilities
regarding data management, exception management,
reconciliation management as well as a whole sweep of
useful functionalities like UTI generation and sharing, an
LEI-Repository which is directly connected to the GLEIF
database, just to name a few. In its unique platform, all
reports and records for supported regulations can be
accessed, including the entire history of the reported
transactions. Regulatory changes are mainly done by
deltaconX on the centrally managed platform. Using
deltaconX AG’s service enables IT resources of clients to
work on their primary activity.
The regulatory platform enables 100% predictable costs due
to the Service fee including all regulatory changes. No extra
fees for release upgrades. The company wants to extend the
regulatory offering by upcoming reporting modules. It
intends to extend regulatory reporting by additional
reporting channels. There is no need of dependency on
reporting channels decision to continue or discontinue the
reporting services. deltaconX will take care to find an
alternative and to connect to these. Reduced
implementation and maintenance cost as only one
integration is required. Flexible integration as deltaconX
AG’s solution can accept declarations in XML, CSV, Excel
and flexible connectivity types: API, SFTP and manual
upload.
Reducing Operational Costs of Clients
deltaconX AG is constantly enhancing the features of its
platform and extending the regional coverage. It is not
seeing itself as a vendor but more as a service provider and
partner that is evolving together with its clients and
partners. Being close to the market, understanding the
markets needs and delivering a service that is helping its
clients to make their life easier and to reduce operational
costs is its main focus.
Extending Regional Coverage
In 2021, deltaconX AG plans to extend its regional
coverage by also offering Dodd Frank (CFTC and SEC)
reporting in the US, ASIC reporting in Australia, MAS
reporting in Singapore, CSA reporting in Canada, HKMA in
Hong Kong.
In time of five years, deltaconX AG aims to be a global
leader in the regulatory reporting space and covering
regulations from all over the world and supporting clients
from all over the globe. It will cooperate with the majority
of the financial front-office system providers and will
transform regulatory reporting from a pure cost centre into
a differentiator for its clients.
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www.insightssuccess.com May 2021

Meeting Regulatory and Compliance
Requirements Most Effectively by Using
Platforms
ules and regulations are essential in any field.
RWithout having certain rules and regulations,
everything can be very haphazard. Haphazard
systems cannot sustain their existence. Organized systems
function well and thrive in the long term. Rules and
regulations are generally enforced by governmental
agencies. Regulations are essential to know what can be
done and what should be avoided in businesses. Complying
with these rules and regulations is essential for all
businesses to avoid sanctions or fines. Meeting the
regulatory and compliance requirements is important for
businesses to maintain their reputation. Therefore, having a
platform to meet regulatory and compliance requirements is
essential for the effective functioning of businesses while
saving time and money.
RegTech (Regulatory Technology) is not just a word, it is a
platform that combines regulations with technology and
creates an impact by ensuring regulatory compliance
especially for banks and financial institutions. RegTech
companies provide solutions in the areas of Compliance,
Regulatory Reporting, Identity Management & Control,
Transaction Monitoring, and Risk Management. RegTech
solutions help companies meet regulatory and compliance
requirements while saving money and time. RegTech
platform uses big data, cloud computing, artificial
intelligence, and SaaS technologies to automate crucial
processes and manage regulatory compliance. These
platforms use cloud computing through SaaS technology to
help businesses in adhering to regulations less expensively
and efficiently.
20 | www.insightssuccess.com
Down and Out Compliance
May 2021

The use of technologies such as blockchain, big data,
artificial intelligence, and machine learning provides
opportunities for the growth of the RegTech market. The
emergence of RegTech into the non-finance institutions
offers additional revenue opportunities for RegTech
platforms. The platforms that help to unify regulatory
compliance processes are always in demand. RegTech is a
platform or a group of new technologies, especially
designed to enhance and automate the use and effective
delivery of financial services.
RegTech software platform helps companies to solve the
challenges of a technology-driven economy due to cyber
hacks, data breaches, and other fraud issues. RegTech
platform helps those companies with help of machine
learning and big data technologies to minimize risks and
ensuring compliance. Machine learning and Artificial
Intelligence help in ensuring compliance and regulatory
requirements by automating processes such as reporting,
data analysis, searching for new regulations, and sharing the
impact of changes.
The advantages of a centrally managed and maintained
private cloud-based reporting platform that can be accessed
from everywhere in the world are enormous. The
introduction of an efficient RegTech platform helps
companies significantly strengthen their position in the
financial sector. Such platforms provide a regulatory
platform with various possibilities such as data management
and reconciliation management. In such unique platforms,
all reports and records for supporting regulations can be
accessed, including the entire history of the reported
transactions anywhere and at any time.
RegTech platforms should continuously enhance their
features to meet the advanced regulatory and compliance
requirements of the institutions or businesses. Such
platforms should evolve together with their clients and
business institutions. RegTech platform should understand
market needs and deliver service according to the needs of
the clients. This will make the lives of clients easier by
reducing the operational costs and time in meeting
regulatory and compliance requirements. This will help
RegTech platforms to make their mark in the market.
Good RegTech platforms also help by delivering robust
cybersecurity solutions for protecting data breaches and
insider attacks. Such platforms protect the most confidential
information. They also help in ensuring a higher level of
compliance with legal regulations and standards.
RegTech solutions help businesses effectively in identity
management and control. They make use of Machine
learning and AI to help in collecting necessary information
from numerous sources and they help in analyzing the
collected data. RegTech solutions can track risk and manage
it by identifying situations based on delivered data. This
data can be used in the financial sector by RegTech
solutions to predict the changes in the market and
minimizing the risk. The right RegTech software helps in
reporting processes by automating them without the
involvement of employees. Because of this, it is possible to
get the most correct data due to minimized human errors.
Regulatory reporting processes can be optimized by using
Artificial Intelligence. Enabling automated distribution of
data and regulatory real-time reporting with help of big data
analytics can bring significant savings of time and money.
RegTech platforms can help to analyze and monitor
transactions much faster and more accurately by leveraging
blockchain technology and thereby, improving the safety of
transactions.
Automated software configures and generates reports
quickly. RegTech platforms accelerate speed and agility.
Advanced analytics help RegTech solutions to represent
information in an easily understandable way. The use of
integrated technologies by RegTech platforms also helps
them in delivering the most advanced solutions to clients.
Being innovative in their approach helps RegTech
companies to meet the regulatory and compliance
requirements of businesses most effectively with savings of
time and money. Such platforms reduce the financial risks
of clients and promote digitalization. Regulatory
Technology streamlines the business processes and
transforms businesses by improving customer experience,
providing business insights, driving new services and
products. Thus, we can say that RegTech solutions are
valuable as they standardize regulatory processes and
automate compliance processes.
21
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Bozhidar Bozhanov
CEO, LogSentinel
May 2021

Improving Cybersecurity with
Threat Detection and Response
In the world of digitalization, it is essential to protect
the important information from the potential cyber
threats. It has become the obvious reality in recent
years that one can’t ignore information security, as the risks
are too high, and one can’t afford getting breached.
LogSentinel delivers robust and reliable cybersecurity
solutions to protect data breaches and insider attacks, as
well as it ensures a higher level of compliance with legal
standards and regulations.
LogSentinel is an information security company that was
founded several years ago with the vision of improving
security for everyone. It was started with protecting the
integrity of log collection and grew to offer a full-featured
Security Information and Event Management (SIEM)
solution. Bozhidar Bozhanov is CEO at LogSentinel. He
is a senior software engineer and solution architect with
over 10 years of experience in the software industry.
Leveraging the Latest Technologies
LogSentinel is passionate about information security and
believes in privacy as a human right. Its mission is to help
boost IT security processes of organizations by leveraging
the latest technologies including blockchain and AI along
with industry best practices. LogSentinel SIEM is an easy-
to-use next-gen SIEM system that helps its customers to
reduce the time and cost of incident detection, investigation,
and response by over 90%. By leveraging the latest
technologies like blockchain and machine learning, it
enables security teams to eliminate their blind spots and
prevent any security incident in real-time.
Guaranteeing the Integrity of Data
LogSentinel is zealous about what it does, and the products
it creates that entirely protect personal, confidential, and
sensitive data of the organizations so that organizations can
focus on achieving their business goals without worrying
about data breach and its security. LogSentinel’s
fundamental priority is to keep critical data of organizations
safe by using state-of-the-art way to store, monitor, and
analyse their business-related events.
LogSentinel offers absolute integrity guarantees for the
collected data. One can use company’s system to prove to
third parties, including courts, auditors and regulators, that
the digital evidence that was collected hasn’t been tampered
with. This is a strong requirement for many sensitive
industries. LogSentinel prides itself with the ease of
integration and ease of use. SIEM projects are typically
very complex and often have unsatisfactory results due to
the complexity of integration – company fixes that with a
lot of flexibility on the data collection side. LogSentinel
offers a predictable pricing model that scales down to allow
mid-market companies and SMEs to fully benefit from
SIEM.
One-of-a-kind Security Innovation
LogSentinel SIEM offers one-of-a-kind security innovation:
privacy of logs, audit log integrity, unlimited retention, and
full visibility, all at a flat and predictable fee, estimated by
the number of active users. It provides a solution that was
previously thought to be only fit for large enterprises, to
customers that could not have afforded it, and who are left
vulnerable because of that.
25
|

Today, LogSentinel is happy to help small and medium
enterprises in their cybersecurity and compliance efforts
because the world won’t be more secure if a few large
companies buy every security product out there. It will be
more secure only if every enterprise has access to the best
tools. Log management, behavior analytics, advanced AI-
driven threat detection and incident response into a
complete security monitoring platform - LogSentinel SIEM
offers simplicity, predictability, and innovation like nobody
else on the market.
Ensuring Endpoint Protection
The pandemic drove many companies to remote work
setups which complicate security and that making 360-
degree security monitoring extremely important.
Organizations cannot afford to miss any source of security-
related logs and events and cannot afford to trust that home
computers are safe, and this is why segments like endpoint
protection and SIEM is becoming more and more relevant.
LogSentinel’s zero-setup cloud SIEM and its open-source
collector and agent can handle every system and every
setup even in complex organizations.
Facilitating Digital Transformation
Certainly, remote work is here to stay, and the software
industry can make great use of it. But COVID-19 is driving
digital transformation in many industries, including the
public sector. This is great for software outsourcing, as
many businesses will require new systems and new
integrations, but is also great for security companies like
LogSentinel, as the attack surface is increasing.
LogSentinel’s plans are to increase its portfolio of out-of-
the-box supported solutions for security monitoring so that
any digital transformation project can benefit from great
security monitoring and threat detection.
Being Ethical
CSR for a startup is different than CSR for a large
corporation. First and foremost, LogSentinel believes in
ethics – being ethical to partners, competitors, and
customers. This changes the environment for the better.
Reputable Cloud Services
The hard thing about cyber hygiene is finding the time and
resources to enforce best practices. LogSentinel prioritizes
low hanging fruit in its company, including 2FA and having
reputable cloud providers.
Scope for Improvement
Bozhidar states that lot of improvements can be made in the
cybersecurity industry in order to account for a complex
business environment. He believes that volatility should be
met with flexibility and endurance. If something doesn’t
work, he advises to adapt, pivot, overcome. He says that
Logsentinal’s direction in coming years would be to fulfil
the vision of providing great security tools to organizations
of any size.
“LogSentinel is an information
security company helping
businesses of all sizes to prevent
data breaches and simplify
compliance.”
May 2021

The Role of
Data
Emilio Billi
Co-founder and
Chief Technology Oﬃcer
A3CUBE
Leader’s Viewpoint
May 2021

O
ur knowledge, from the very beginning, relays on
data that are the foundation of what we called
experience. We build our experience by collecting
data. One example is the medical science where doctors
have learned by collecting data (symptoms) and put them in
relation with the diseases learning how to find the right cure
from the continuous observation of the evolution of these
data.
Let's think about history; we have learned to know the past
of human civilization by collecting data from the most
varied sources, putting them in relation to each other to
reconstruct what may have happened, to understand how
people lived in the most remote times, to understand the
relationships and events that have occurred.
So why we call out time the big data time and talk about the
big data revolution? What is changed? Today, what has
changed is the amount of data we have at our disposition,
opening a radically new set of opportunities.
Unlike 50 years ago, today, we have billions of data of all
kinds available. This enormous amount of data is the
foundation of an immense value for humanity. The relation
hidden in the data represents the keys to understand links
between things and situations that generates a new level of
knowledge that enables us to find new ways to approach our
life.
This concept is valid for medicine, architecture, social
interactions, and in general for any aspect of our everyday
life, including day-by-day activities.
The main question is how do we extract value from all this
data?
The real problem is that data are billions of billions of
billions; extracting useful information from them is not
trivial, other than that, every day the amount of data grows
exponentially because of the spread of the adoption of new
technologies.
The answer is called Machine learning and Deep-Learning
which give life to what we call Artificial Intelligence.
Through machine learning, we are going to teach machines
how to learn from data. It is a statistical and probability
process that relates data to effects, discovering their
intrinsic characteristics, and throughout their evolution
creates knowledge. The procedure is very similar to how we
learn from nature.
Humans are statistical machines too, making hypotheses
that arise from observation, and by predicting situations
based on the probability that this will occur without
experimenting, thanks to experiences.
If we drop an apple from our hand, we know that it will go
to the ground; experience tells us that an object left free to
move in the space will fall to the ground if there is nothing
in the middle. If it will fly, we would be amazed because we
expect something different.
When we see something new, that we do not know we think
statistically. We make speculations based on what we know,
we said it could be this, or perhaps that, associating to each
hypothesis a percentage of chance.
Well, machines do the same thing. It becomes possible to
amplify human knowledge and create new scenarios thanks
to the data combined with a statistical learning process. We
called this process Artificial Intelligence (AI). We can
change every aspect of our life using AI and machine
learning over data and reaching new level of knowledge
bringing new capabilities in every human aspect. We have
the possibility of obtaining new information and create new
tools that make our life better because AI is not just a
virtual assistant like Alexa or Siri; Artificial intelligence is a
real revolution that we could compare to the most radical
one that humankind has experienced until now.
Artificial intelligence is a serious matter that comes not
from computer science but from advanced mathematics and
neurosciences; Math and neurosciences are the engines and
inspiration for increasingly complex and fascinating
mathematical models, in short words AI is a serious,
complex, and fascinating technology.
There are various types of artificial intelligence and field of
research and development connected to them. Let us start
with the most widespread form today the Narrow AI, this is
the basic-one, it imitates or tries to imitate human
capabilities.
There is a second kind of AI, is called general artificial
intelligence (GAI).
GAI wants to replicate capabilities that are quite similar to
human ones, including creativity and the ability to design
original objects with incredibly advanced characteristics.
There are many examples of creative AI in music and
engineering today.
29
|

Finally, yet importantly, there is a third kind of AI called
"Superintelligence".
Superintelligence aims to be superior to human capabilities.
While superintelligence is still science fiction, the other two
are a reality.
Let us forget for a moment the AI and Machine Learning
applications that we already know like virtual assistants,
self-driving machines, and forecasting prediction, or
personalized advertising, and let us think in a wider way.
Let us imagine having an AI system that is able to learn,
always through data, all the characteristics of an object, and
then, it can be able to put all the information in relationship
with specific features that we want to have, for example, the
object to be extremely light.
Today, we can ask to this AI system to redesign the object
to match the goal. More in general, we can ask to the AI to
project, and even invent better quality products, that can be
produced with less raw material and in a more eco-
sustainable way.
In the same way, we can ask AI to create and project a new
generation of energy-efficient buildings, at much lower
costs the ordinary ones. AI can design safer and more
efficient car chassis; it can design new tools with more
ergonomic and original shapes that will make us do more
and more extraordinary things easily. AI can also have an
eye on eco-sustainability and a benefit for the planet
reducing energy consumption and pollution production
saving raw materials. We just have to experience this new
era of humanity as protagonists led by intelligent and
revolutionary use of data, keeping in mind, that it is just the
beginning!
Emilio Billi is the Co-Founder and Chief Technology Officer of A3CUBE. With nearly
two decades in the IT industry, Emilio has proven knowledge of the high-performance
computing and datacenter markets. He has developed and designed numerous server and
supercomputing systems, including massively parallel virtualized clusters and hyper-
scalable storage systems as well as other high-performance interconnection and networking
systems. He holds eight patents in computer architecture design and related technologies.
About the Author
May 2021

MAP FinTech is a leading and award-winning
regulatory technology provider for the ﬁnancial
services industry, specializing in regulatory
reporting solutions.
‘‘
‘‘
Mark Ellis
Business Development
Manager
MAP FinTech
May 2021

Technology at the Heart of Regulation
C
onsidering the high levels of regulation in the
financial services sector, it makes perfect sense for
firms to rely on efficient and cost-effective
technologies to manage and fulfil the multiple regulatory
compliance functions required to run their businesses and
remain compliant. With this trend gaining momentum, it’s
imperative for firms to embrace RegTech and fully
understand how these technologies can impact their
business moving forward. It’s not enough to simply react to
the compliance requirements imposed by new regulations
as they are brought into line; firms must prepare ahead of
time to tackle the rules that will be rolled out during the
next five years and beyond. Consequently, adopting a solid
RegTech framework to effectively comply with all financial
regulations could also help boost a firm’s profitability and
overall efficiency.
MAP FinTech has managed to combine compliance and
technology successfully and innovatively. Its technology
and compliance teams are closely synchronized. This
allows the company to be flexible, efficient, and effective in
supporting the new demanding and dynamic requirements
of Global RegTech. Mark Ellis is the Senior UK Business
Development Manager at MAP FinTech. As regulatory
technology continues to evolve, MAP FinTech’s mission
remains to provide its clients state-of-the-art scalable
solutions, that simplify the way that they meet their
regulatory obligations without burdening their operational
flexibility.
In an interview with Insights Success, Mark Ellis shares the
journey and contribution of MAP FinTech in the financial
services industry through its innovative solutions.
Talk to our readers about MAP FinTech, and its journey
since inception / List of the popular services that make
your company standout from the competition.
Founded in 2013, MAP FinTech is a leading and award-
winning UK and EU regulatory technology provider for the
financial services industry, specializing in reporting
solutions arising from the requirements of a number of
complex and challenging international regulations such as
EMIR, MiFID II/MiFIR, SFTR, FATCA, DAC6 and CRS.
MAP FinTech also provides innovative and comprehensive
solutions for Best Execution Monitoring, RTS 27/28
reporting, AML Transaction Monitoring and Screening,
Trade Surveillance (Market Abuse), and eKYC (Screening,
eIDV, Document Authentication).
MAP FinTech, has been one of the First providers in
Europe to have reported under European Market
Infrastructure Regulation (EMIR) with 2 Billion+
transactions successfully reported thus far since February
2014. We currently serve over 180 B2B global clients and
have been recognised as having the Best Innovative
Technology for Regulatory Compliance for 2021 at the
RegTech Insight Awards and the Best RegTech Reporting
Solution at the Finance Magnates London Summit in 2019.
MAP FinTech was also listed as one of the most innovative
companies in the world for 2020 and 2021 by RegTech100.
MAP FinTech’s innovative solutions are currently used by
LSE listed brokers including some of the biggest CFD
brokers in the world.
33
|

How do you bring Regulatory Reporting Services with
MAP FinTech’s easier, faster, and more cost-effective
solutions?
All MAP FinTech’s solutions are delivered under its
powerful and award-winning Polaris Platform. The Polaris
Platform empowers MAP FinTech with complete control of
the entire process, from data sourcing to reporting and
monitoring and it delivers unparalleled flexibility to quickly
adapt to new and evolving regulations. Additionally, the
Polaris Platform enables the required conversions,
enhancements, and re-formatting of the gathered data,
preparing them for submission.
The Polaris Platform automates complex workflow
processes enabling to review results and ensure accuracy,
along the complete cycle. It also adapts to changes across
institutions, geographies, and jurisdictions without systems
re-engineering, reducing implementation times. Finally, it
offers a flexible foundation from which to achieve
compliance and help meet the current and future reporting
demands of regulatory authorities.
What makes your organization’s Comprehensive and
Innovative Solutions a preferred choice for your clients
over the competition?
MAP FinTech is not just a technology company that
develops software to enable you to report. At the core of its
offering lies compliance. MAP FinTech provides quality
assurance that the reporting obligations are correctly
covered in terms of data quality. If the need arises, the firm
can also directly support businesses before any national
competent authority without needing any external third-
party advisory or assistance. MAP FinTech can directly and
uninterruptedly report to a number of EU national
competent authorities. Our products have been repeatedly
tested and passed several rigorous reviews by EU
regulatory authorities, providing full transparency for both
clients and EU national competent authorities. Moreover,
the company offers financial institutions the unique facility
to comply with a firm’s reporting obligations before the
regulatory authorities, carry out audit trails, and conduct
their own reconciliations.
As mentioned above, all MAP FinTech’s solutions are
delivered under a single and powerful platform, the Polaris
Platform. Besides transaction reporting, the Polaris platform
combines under a single user interface, unique solutions
such as Market Abuse Surveillance, AML Transaction
Monitoring, Best Execution Monitoring, RTS reports,
CRS/FATCA reporting. This allows MAP FinTech to
package its offerings to clients by reducing direct and
indirect costs, maintain a single point of contact for support
and access to the system and avoid the need of multiple
integrations with various vendors, thus saving time and
resources.
MAP FinTech’s dedicated and experienced support team
specialises in regulatory reporting, providing continuous
support on what is needed to master transaction reporting
requirements. This starts from the onboarding phase and
covers the whole process up until the initiation of the live
reporting, the handover of the platform to the client, and
ongoing day-to-day support.
Last but not least, MAP FinTech is a member of MAP
S.Platis Group, a leading financial services consultancy
group in the region that maintains one of the largest and
most experienced teams of financial services compliance
experts in the EU. This ensures that clients receive the best
compliance support and guidance from industry experts in
the EU, but also in the UK via Complyport, a leading
London-based compliance advisory firm with more than 20
years of experience.
How do you envision on sustaining your company’s
competency in a cutthroat and volatile world of
business? Where do you see your company in the next
five years?
We resolve to continue delivering exceptional, innovative,
and one-of-a-kind solutions to our clients and partner firms.
This includes our best-in-class regulatory reporting
technology services and tools that allow those companies
working with us to achieve best results. The combined
expertise of compliance and technology teams underpins
the company’s success in providing targeted solutions to its
clients and addressing their reporting needs across a diverse
regulatory landscape. Our flexibility to build and support
completely customized solutions is what gives us the edge.
Agility is the key. Personal care for each customer,
commitment and innovation is the customer service model
the company uses and will continue to use the years ahead.
https://mapfintech.com/
May 2021

Sedicii
Making Identity Verification More Secure than Ever
S
edicii, headquartered in Waterford, Ireland was
founded in 2013. It is the sixth start-up founded by
serial entrepreneur Rob Leslie, Founder & CEO of
the company. Sedicii is creating a global federated privacy
ecosystem where governments, financial institutions,
national utilities and telco’s will be the foundation for KYC,
KYB and AML services in respect of a private individual.
At the core of Sedicii’s services is its patented ZKP (zero
knowledge proof) protocol. ZKP allows for the verification
of personal ID without either party to the verification
process having to share the raw data.“Rather than the
traditional method of documentation verification, the future
is to rely on authoritative data to prove identity – while
concurrently protecting the privacy of the individual,” says
Rob.
Rob asserts “there is nothing that focuses your mind about
the importance of privacy like having your personal
information and credentials “hacked” online. Working in
my previous company, Kyckr, we worked on KYC for
companies and entities, and I saw the next natural step as
personal privacy and so Sedicii was founded.”
In an interview with Insights Success, Rob Leslie shared his
view on a variety of reasons why electronic identity
verification is critical in modern times, and how Sedicii is
embarking on providing “best in class” digital identity.
As a security solutions provider company, what
contribution has the company made in assisting its
clients in achieving measurable goals?
The Sedicii development team are passionate when it comes
to helping our clients through the process of integrating our
technologies seamlessly into their existing workflows. We
fully acknowledge that the concept of verification without
information sharing is hard for people to get their heads
around. We expect and – dare I say it – welcome the
“Doubting Thomas” sceptic. However, the measurable
goals show almost instantaneous benefits in terms of cost-
effectiveness, real-time validation, enhanced privacy,
efficiencies and reliability.
How does Sedicii's solution differ from the other
companies’ solutions?
In the context of Anti-Money Laundering (AML)
transaction monitoring processes, using Sedicii’s solutions
enables banks to better collaborate where they can jointly
compute advanced risk assessment algorithms that consume
customer information available in the different banks
without actually having to share that information - all
enabled by using Sedicii’s patented multi-party computation
(MPC) cryptographic protocol.
Sedicii’s solution allows financial institutions to securely
share the insights they have about clients or transactions,
without disclosing the underlying confidential data or
information (PII). This enables financial institutions to
identify potentially suspicious transactions more clearly and
accurately by combining the risk information they have –
which enables more effective detection of criminal activity.
Give an insight about importance of AI in security
solutions and how aspects of the solution are changing
with the advancement in technology?
Sedicii is spending significant time and effort working on
the development and refinement of new technologies in the
areas of advanced cryptography, biometrics and artificial
May 2021

Sedicii adheres
to the data
minimisation
principle and
preserves
privacy.
‘‘ ‘‘ Rob Leslie,
Founder & CEO,
Sedicii
37
|

How do you sustain in the current unpredictable
markets and hectic competition?
Sedicii is on a mission and has seen a definite increase in
organisations looking to collaborate over the past 12
months. In many respects, Covid-19 has focused minds on
the positives and negatives of becoming digital by default.
We regularly hear in the media of the huge growth in online
activity be it retail, commercial, banking or social. We also
hear of the corresponding significant growth and the
upsurge in fraud, impersonation, personal and financial
theft. Pre-Covid, perhaps we were in denial of the relevance
or importance of keeping our private information private?
Perhaps the internet problem, described by Andrew Grove
former CEO, COO and Chairman of Intel when he said
“Privacy is one of the biggest problems in this new
electronic age”, will finally be taken seriously. We are
sustained by the team’s utter conviction in our products and
services and the prediction of former BBVA Head of Open
Innovation who stated that “Sedicii is the start-up with the
greatest potential to transform the financial sector in the
next 10 years!”.
What is your vision for Sedicii? And what would be the
best roadmap for getting there?
By working with other like-minded organisations and
building a global federated network Sedicii’s vision is to
make the Universal Declaration of Human Rights real such
that “No one shall be subjected to arbitrary interference
with his privacy, family, home or correspondence, nor to
attacks upon his honour and reputation. Everyone has the
right to the protection of the law against such interference
or attacks” while accessing technology at the same time.
The roadmap is created through a combination of our
investors, employees, stakeholders who believe in our
vision and for whom all seek to succeed. Additionally, the
roadmap includes our customers, partners and community
whose online experiences will become more secure and
who will see reputational enhancements, organisation cost
effectiveness and operational improvements in efficiencies.
intelligence. These capabilities allow us to deliver more
robust verification capabilities which protect privacy and
confidentiality without compromising on the need to hold
the data that proves someone really is who they claim to be.
Give a detailed description of the featured person’s
influence over the company and the industry.
Rob is a serial entrepreneur and a World Economic Forum
(WEF) Technology Pioneer. He has spoken at Davos on
cybersecurity, digital identity and other technology issues
affecting the world’s economies. Additionally, Rob has
spoken at worldwide seminars and conferences such as EU
Parliament (ESPAS) Conference, the International
Economic Forum of the Americas Conference, Montreal,
Canada, the Horasis Global Summits where he is regarded
as an industry leader. In addition to addressing these
important global communities Rob believes strongly that
listening to the experiences of others keeps him up to date
with the latest technologies and relevant trends as well as
allowing him to meet with other like-minded creative
professionals.
As a Founder / CEO, Rob is very hands-on and has had a
deep involvement in the evolution of Sedicii. “In the early
years, I was it!” Rob says. “I researched ZKP for almost
two years whilst working at my previous company Kyckr
and in 2016 relinquished my role there to concentrate full-
time on Sedicii”. “I sought out investors, did the market
research and finally in 2016 we began our growth from one
person to today’s group of 16 people”. The company is now
multi-locational with finance and operations at our base in
Waterford, Ireland, innovation and strategy is based in the
U.K. and technology development is based in Belgium and
the Canary Islands.
May 2021

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