Best RegTech Companies in Chicago, United States

Platform offering asset management solutions. It offers a platform that connects buy-side and sell side in the capital market. It connects investors and underwriters via a platform that delivers integrated ECM data and analytics, workflow collaboration, and more. It provides a digital system of record for firm wide deal activity and helps clients make informed decisions.

Provider of enterprise incident management system. It provides a mobile app, web portal, and personal incident hotline to manage incidents and claims. It captures actionable information, customizes incident reporting, and engages with every employee. Its organizations can report all incidents personal, property, and near-hit incidents also.

Funding rounds

• Jan 2023Series B$2.5M
• Apr 2021Conventional Debt—
• Mar 2021Series B$15M
• Feb 2021Series A$50K

Founders & team

Joel FriedmanFounder and CTODavid WaldPresident and Co-FounderJim FarberFounder

Investors

Mercury Fund, Royal Street Ventures, EBSCO Capital, KEC Ventures, RRE Ventures, Aspen Capital

Tech stack

Apple Icloud MailCloudflareCloudflare Bot ManagementCloudinaryCookiebotCore-Js

Ascent provides a cloud-based platform to track and automate regulatory compliance programs to the financial institutions. The product Ascent leverages a proprietary AI and automation technology to convert the rules and documents of a regulatory body into units of intelligence. Features include automated conversion of regulatory compliance into regulatory obligations checklists, compliance & procedure manual documentation, regulatory change tracking, and centralized management. The full platform comprises of selected compliance channels viz. CFTC, CME, CBOT, NYMEX, CBOE, ICE, GIPS, NFA, SEC, and FINRA. Pricing is based on the number of users and the selected channels. As of Jan 2018, the company is developing a lite version of the platform with limited functionalities.

Funding rounds

• Nov 2019Series B$19.3M
• Mar 2018Series A$6M
• Sep 2016Seed$1.4M

Founders & team

Brian ClarkFounderChristopher JunkerChief Executive Officer and Board Memeber

Investors

Alsop Louie Partners, Temerity Capital Partners, The University of Chicago, Drive Capital, Wells Fargo Startup Accelerator, ING Ventures

Firm58 is a cloud-based broker-dealer and trading firm back office automation solutions. It has features such as profit analysis, compliance and surveillance, CSA and soft dollar management, compensation, accounting, position reporting, and billing, etc.

Funding rounds

• Jun 2010Series C$7.1M
• May 2008Series B$8.5M
• Apr 2007Series A$3.7M

Founders & team

James MullenCo-Founder & Chief Technology OfficerNick FeraCEO

Investors

Pritzker Group, North Bridge Venture Partners, Vernon & Park Capital

Neurensic helps financial institutions reduce risk and ensure regulatory compliance. It provides CORE, an intent-based surveillance solution which leverages AI to detect rogue trading, suspect trading behavior, fraud, and anomaly in trading activities to ensure regulatory compliance. It recognizes patterns of trading that are similar to regulatory inquiries and investigations, thereby helping organizations in identifying the same.

Compliance11 provides cloud-based compliance automation software for enterprises to monitor employees and ensure compliance. The product automates employee trading, insider trading, employee disclosures, gifts, entertainment, political contributions, customer complaints, etc. In Nov 2011, it was acquired by Charles Schwab for an undisclosed sum.

Funding rounds

• Apr 2011Series B$850K
• Mar 2011Series B$500K
• Feb 2010Series B$6M

Founders & team

Tad MitchellEx-President & CEO

Provider of AI-driven banking fraud analytics and detection platform solutions. The platform helps financial institutions identify data breaches, high-risk merchants, and compromised cards. It enables users to reissue compromised cards, write decision rules for payment fraud detection, and identify compromised merchants and cards early. The platform gives access to data and tools to reduce card fraud.

Funding rounds

• Aug 2018Series A$1.5M
• Feb 2017Series A$2.8M
• Dec 2015Seed$1.2M
• Apr 2015Seed—

Founders & team

Yueyu FuCo-FounderCanh TranCo-founder and CEO

Investors

SixThirty, KGC Capital, UMB Bank, Wintrust, KDWC Ventures, CMFG Ventures

Tech stack

CloudflareCloudflare Bot ManagementCloudflare TurnstileCore-JsGoogle AnalyticsGoogle Font Api

Vertex offers a SaaS-based real-time data visualization platform called V3 for financial markets. The products are designed for compliance, risk management, trading, data forensics, market surveillance and data science. It claims to track historical and real-time data points, detects and alert the anomaly or compliance risk arising from the activity.

Prescient provides software solutions to address enterprise-wide risks including vendor risk and also traveler safety risk management. The offerings are Due diligence, Traveler safety, Federal solution, and R&D. Due diligence suite focuses on compliances like KYC, third-party vetting, pre-employment checks, and business investment support. Traveler safety enables risk assessment, situational awareness, and proximity-based alerting. Federal solutions support U.S. agencies with a variety of National Security, compliance, and research and development programs.

Financial risk assessment solutions provider. It offers climate risk assessment solutions for minimizing water utilities' revenue and budget variance. The platform uses data points and proprietary models to quantify the impacts of drought, overly wet conditions, and other types of weather volatility for utilities. These insights are then used to help utilities make better decisions around cash management, insurance, and infrastructure investment. It also provides solutions for environmental modeling & analytics through contract simulation, impact tracking, and opportunity identification.

Funding rounds

• Aug 2019Grant (prize money)$799.1K
• Jul 2017Grant (prize money)$225K
• May 2017Seed$100K

Founders & team

Matthew MarshallCo-FounderWilliam TynanCo-FounderMatthew StronginCo-Founder

Investors

Clean Energy Trust, America’s Seed Fund, National Science Foundation, Techstars, Evergreen Climate Innovations, Imagine H2O

Tech stack

Cart FunctionalitySquarespace CommerceSquarespaceStimulusPriority HintsHsts

Thoughtly develops enterprise tools that leverage artificial intelligence to rapidly ascertain actionable insight from text via their product Elipse. Elipse produces visual topography for the text which gives its users a very intuitive and interactive tool to generate relevant summaries. They partnered with academic institutions to provide students and research teams machine learning tools to analyze, visualize and summarize large volumes of text in real-time. Costumes include BBC Worldwide and Clear Ridge Defense.

Funding rounds

• Dec 2013Angel$25K

Founders & team

Chase PerkinsFounder & CEO

Tech stack

Windows ServerMicrosoft Asp.NetAzureIisJqueryGoogle Hosted Libraries

Provider of end-to-end lifecycle management services for industrial batteries. This includes installation, commissioning, maintenance, decommissioning, repurposing, and recycling. Services are designed to maximize value, safety, and sustainability throughout the battery's lifespan. The company addresses regulatory complexities and logistical challenges associated with industrial battery deployment and end-of-life solutions, offering cost-effective and compliant solutions with minimal environmental impact. They provide expert project management and utilize a network of certified partners and skilled field service technicians.

Funding rounds

• May 2020Seed—

Founders & team

Thomas NewhallCo-Founder

Investors

Clean Energy Trust, Evergreen Climate Innovations

Tech stack

CallrailFastlyGodaddyGoogle AnalyticsGoogle Tag ManagerGsap