Thomson Reuters launches global regtech competition
Early stage start-ups in the legal, tax and regulatory space are invited to enter Thomson Reuters’ new global regtech competition, reports Jane Connolly.
Open to seed or Series A majority founder-owned companies with business-to-business models, the competition will give entrants the opportunity to partner with or attract investment from Thomson Reuters.
Entrants need to show how their application of new technologies helps lawyers, tax and compliance professionals or governments to solve regulatory and compliance challenges.
“Businesses are increasingly looking to technology and automation to help navigate a rapidly evolving regulatory environment and rising costs of compliance,” says Nick Jarema, vice president, Thomson Reuters Labs.
He adds: “The global regtech market segment is expected to nearly triple in size over the next five years to $12 billion and we are excited to pair our data, expertise and customer relationships with the innovative spirit of the start-up community to bring solutions to market even faster.”
Participants may be able to benefit from access to comprehensive data sets and tools, industry experts, some of Thomson Reuters’ 450,000 global customers and cash prizes.
Finalists will be invited to appear before a panel of Thomson Reuters executives in New York in October.
The deadline for applications is 9 September 2019.