AutoRek Selected by the UK Government’s Department for International Trade to Showcase Best in British Innovation
- 05.02.2021 11:15 am
Scottish regtech company, AutoRek, a leading software provider to global financial services firms, has been selected by the UK Government’s Department for International Trade (DIT) to showcase the best in British innovation during a US roadshow.
The DIT’s RegTech Roadshow takes place virtually 22-26 February 2021. It will provide ten innovative UK-based regulatory technology companies the opportunity to meet industry stakeholders, regulators and potential partners. They will also receive guidance and training from DIT partners on how to set up and grow a physical presence and hear from experts on the key challenges facing the US market and how their technology can help solve them.
AutoRek was chosen following a highly competitive recruitment process. To qualify for the roadshow, each company had to meet the following criteria set by DIT: 10 or more employees, a minimum annual turnover of £1 million, an enterprise ready solution, and an existing base of clients in the UK and US markets.
Commenting on the accolade, AutoRek CEO, Gordon McHarg, said: “Joining the trade delegation, with other leading regulatory innovators is an exciting and invaluable opportunity for AutoRek to demonstrate our services. We have proven success in the UK and are accustomed to working with global financial services firms and are looking forward to helping revolutionise the way US companies manage risk, compliance and regulatory change.”
Kunal Khatri, Director for DIT North America, said: “The UK has been at the heart of the global financial services innovation for decades, and in 2021 we will continue to lead the global FinTech and RegTech revolution. We’re excited to showcase the talent and expertise that UK companies have to offer. This roadshow is a great opportunity to deepen our bilateral engagement on financial services with the US and encourage private sector collaboration to make the world a safer, easier, and more equitable place to do business.”
AutoRek further strengthened its US offering by signing a partnership with iSoftware4Banks in November 2020. With AutoRek’s growing clientele - together with the nine other roadshow representatives, these companies combined service nearly every major top tier bank.