FinTech Magazine August 2020 | Page 61

Vadis Technologies Purpose
61 companies to offer risk scoring and 360 ° third party monitoring . COMPLIANCE – DARKTRACE
Vadis Technologies Purpose
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61 companies to offer risk scoring and 360 ° third party monitoring . COMPLIANCE – DARKTRACE
Compliance is by far the largest subcategory of RegTech companies , with about three times as many as any other field . This comes as no surprise , since compliance is the very basic core competency of any regulatory enterprise .
With headquarters in San Francisco and Cambridge , England , Darktrace is one of the world ’ s leading AI companies , and the creator of its proprietary Autonomous Response Technology . Its AI is modeled on the human immune system and won first place at the 2019 Fortress Cyber Security Awards . Compliance with regulations like GDPR , HIPAA , and the DFS Cyber Security Regulations adds another dimension to the extensive list of challenges facing security teams . Thanks to its ability to identify and contain threats in seconds , aid
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