RegTech is a growing industry as financial institutions look for turnkey solutions to complex compliance problems outside of their own organisations. 

Each year Deloitte compiles a list of the top RegTechs globally and publishes them on their website here: Deloitte RegTech Universe

TransactionNexus were named in the report as the Global TN Management Provider of choice, under the Identity Management & Control category. Providing a fully global Legal Entity Identifier management platform, TransactionNexus has become the trusted institutional TN provider of choice for some of the most recognised brands in the financial services and global trade space. 

Deloite state about the RegTech Universe  Publication:

We would like to share some insights below on RegTech companies who are providing solutions in the areas of Regulatory Reporting, Risk Management, Identity Management & Control, Compliance, and Transaction Monitoring. You will get an idea of where the RegTech companies are located, their size, when they were founded as well as which industry they are targeting in particular.
 

TN Codes are primarily required by any legal entity who is involved with financial transactions or operating within todays financial system, especially within the US, UK or EU. There are a number of mandates currently in existence which state "no TN, no trade". This means if you do not have an TN number when required, your trades will be blocked.

Often times the TN identifier system is used in regulatory reporting so that regulators may have an easy way of identifying counterparties to transactions.​

(TN) applicable to legal entities, which include, but not limited to, unique parties that are legally or financially responsible for the performance of financial transactions or have the legal right in their jurisdiction to enter independently into legal contracts, regardless of whether they are incorporated or constituted in some other way (e.g. trust, partnership, contractual). It includes governmental organizations, supranationals and individuals when acting in a business capacity[1], but excludes natural persons.

- The International Standardisation Organisation (ISO)

TransactionNexus are multi-award winning GLEIF approved TN Registration Agent providing TN solutions and a management system (RAMP 2.0) for regulated firms who fall under the scope of one or more of the 200+ TN mandated regulations globally.

Legal Entity Identifiers (LEIs) are required by firms trading in financial markets, and engaging in financial transactions globally. Having an TN is mandatory, and maintaining an active TN is paramount as a no trade ruling or financial penalty may be applied if it is allowed to lapse 'No TN, no trade" (MiFID 2).

TransactionNexuss state of the art proprietary Regtech solution 'RAMP' allows organisations stay on top of TN maintenance with a suite of user friendly tools and controls powered by APIs, which ultimately reduce 'renewal risk' and increase TN portfolio oversight.

TransactionNexus features amongst some well recognised global, and Irish brands such as:

• FundRecs
• TRAction
• Fenergo
• AML Partners
• Carne Group