Six regulatory technology firms have merged to form a
single brand, ComplyMAP Group. The companies involved include Complyport, MAP
S.Platis, MAP FinTech, Quadprime, MAP RMS, and MAPiTek.
Integration and Service Expansion
As part of the integration, Quadprime, MAP RMS, and MAPiTek
have been incorporated into Complyport. The merger expands services in
operational resilience, cybersecurity, and prudential regulation across the UK,
European Union, and UAE.
ComplyMAP Group now offers governance, risk, and compliance
(GRC) services, RegTech solutions, AI-powered tools, and cyber resilience
support.
Leadership Appointments
Key executives from Quadprime and MAP RMS have taken roles
in Complyport’s expanded divisions. Pantelis Angelides will lead Cyber Risk and
Resilience Management services, while Panayiotis Antoniou and Panagiotis
Vassiliades will oversee Prudential and Risk Management Services.
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Greg Gregoriades joins as Managing Director of ICT
Solutions, and Harri Petrou has been appointed Chief Operating Officer.
Brand and Market Positioning
The group retains Complyport’s castle logo, now representing
the combined entity. The merger positions ComplyMAP Group as a single global
partner for compliance and regulatory technology services, providing local and
international expertise.
RegTech Adoption Accelerates with AI and Blockchain
Solutions
Artificial Intelligence and blockchain are increasingly
applied in the regulatory technology sector, particularly in the
Asia-Pacific region. These technologies assist financial institutions in
managing complex compliance and risk requirements, processing large datasets,
monitoring transactions, and maintaining secure, transparent records.
AI supports data analysis, pattern recognition, and
automation of routine compliance tasks, while blockchain provides immutable
transaction records and facilitates processes such as KYC and AML checks.
Combining both technologies can enhance efficiency and
oversight, though adoption faces challenges including regulatory uncertainty,
infrastructure investment, data privacy, and interoperability. Collaborative
frameworks and ongoing development are key to effective implementation.
This article was written by Tareq Sikder at www.financemagnates.com.
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