AuditBoard, a provider of AI-based audit, risk, compliance, and ESG management software, was acquired by Hg Capital for $3B, making it the largest RegTech megadeal so far this year.
BioCatch, a digital fraud detection and crime prevention software, was purchased by Permira for $1.3B to scale and grow their business.
Anti-money laundering and credit risk vetting software provider AML GO was acquired by loan administration and payment processing software company, Upay, to assist its clients in meeting their regulatory obligations.
Corlytics, a financial regulatory and compliance management software company, was bought by the private equity firm, Verdane, to bring its international industry networks to help Corlytics continue to thrive and succeed as it expands globally
Another deal in the space was the sale of customs and regulatory compliance solutions company, Aerospace Software Developments, to Descartes Systems Group, a provider of proprietary and trusted technology solutions, for $62M to complement its current product offerings.