Driving innovation and changing the game in RegTech: Suade's 2024 in review

As 2024 comes to a close, Suade Labs looks back on a year of remarkable milestones and industry-defining advancements in RegTech. Amid evolving regulatory demands, this year has seen financial institutions accelerate their adoption of innovative technologies to navigate compliance challenges with precision and agility. 

Advancing regulatory technology 

In 2024, Suade Labs reaffirmed its position as a leader in RegTech innovation, delivering scalable solutions that empower financial institutions to achieve regulatory compliance efficiently and accurately. Our platform has continued to enable automated reporting, cross-jurisdictional compliance, and seamless integration into existing workflows, driving global client adoption. 

This year, we introduced significant product enhancements, including: 

• Advanced analytics for stress testing, helping clients better assess financial resilience. 
• Streamlined Basel III endgame compliance modules designed to meet evolving regulatory requirements. 
• Expanded data interoperability features that simplify integration and improve efficiency. 

Our commitment to advancing regulatory technology extends beyond our products. Suade Labs hosted and participated in major industry events, including the Singapore FinTech Festival, Eurofi, the Building Societies Annual Conference, and our flagship RegTech Forum 2024, which brought together over 1,000 industry leaders to discuss critical topics like Basel III and sustainable finance. 

In addition to these events, Suade achieved significant milestones this year. We were honored to receive the British Embassy Award for Driving UK Innovation in Spain at the UK-Spain Business Awards, showcasing our leadership in regulatory technology on an international stage. Suade was also featured in the City of London Corporation’s RegTech Success Stories, highlighting our impact in transforming the financial services landscape. 

Further, we hosted a successful roundtable in New York City with Bill Coen, former Secretary General of the Basel Committee on Banking Supervision, engaging thought leaders in pivotal discussions on regulatory innovation. As part of our global influence, Suade contributed insights to The Eurofi Magazine, demonstrating our thought leadership on critical industry issues. 

This year also marked a special milestone as we celebrated our 10th anniversary, reflecting on a decade of innovation and excellence while unveiling ambitious growth plans for the future. 

Additionally, Suade has solidified its global footprint with expanded operations in the United States and Singapore. These strategic moves have enhanced our ability to support clients in key financial hubs, strengthen relationships with industry stakeholders, and foster collaboration with regulators worldwide. 

Basel III finalisation 

The finalisation of Basel III reforms has been at the forefront of regulatory developments in 2024. With financial institutions preparing for the January 2027 implementation deadlines, the demand for robust, reliable compliance solutions has never been higher. 

Suade Labs has been at the heart of this transformation, equipping firms with tools that: 

• Simplify capital calculations and align with evolving regulatory standards. 
• Enhance risk reporting to meet supervisory expectations. 
• Improve transparency in regulatory submissions to build trust with stakeholders. 

Through close collaboration with industry leaders and active engagement with regulators, Suade has helped shape best practices and enable smoother adoption of Basel III requirements. Our compliance solutions have proven critical in mitigating operational risks and optimising capital efficiency for our clients. 

Looking ahead 

2024 has also been a year of significant RegTech momentum, with advancements in AI, data standardisation, and ESG reporting shaping the future of compliance. Suade Labs has been at the forefront, ensuring our technology remains agile and future-ready to adapt to emerging trends. 

As we celebrate a transformative year, we extend our gratitude to our clients, partners, and the wider RegTech community for their trust and collaboration. Here's to another year of innovation, impact, and progress in 2025.