Carlos Cruz

Unicage Recognized in the Portugal Fintech Report 2024: Leading the Charge in Regtech and Cybersecurity

November 5, 2024

A Thriving Fintech Ecosystem in Portugal: Key Numbers from the 2024 Report

The Portuguese fintech industry is experiencing remarkable growth, solidifying its reputation as a global fintech hub. According to the report, Portuguese fintech companies have collectively attracted over 1.16 billion euros in accumulated funding.

Notably, international interest continues to grow, with more than two-thirds of 2024 investment rounds involving foreign investors, compared to less than half in 2023. This trend highlights Portugal’s increasing visibility and appeal on the global stage, thanks to its thriving tech environment and innovative solutions.

Additionally, the fintech sector saw a 37% increase in new fintech companies in 2024. After a challenging year in 2023, this resurgence in innovation signals a robust recovery and underscores the ecosystem’s resilience. As a part of this environment, Unicage stands out for our impactful contributions to data security, regulatory compliance, and operational integrity, which are critical for sustaining this growth trajectory.

The Importance of Regtech & Cybersecurity in Today’s Financial Landscape

As the financial sector becomes increasingly digitized, Regtech (Regulatory Technology) and Cybersecurity have emerged as vital pillars for protecting data, managing compliance, and mitigating risks. For banks, asset managers, and other financial institutions, compliance is not just about following regulations—it’s about proactively protecting customers and building trust. Cybersecurity, especially, has become paramount in an age of hyper-personalized digital services where data breaches can have devastating consequences.

Regtech helps institutions navigate a complex regulatory landscape with efficiency and accuracy, reducing manual processes, enhancing data accuracy, and improving speed in compliance reporting. Unicage’s role in this space is to offer solutions that are not only robust but also seamlessly adaptable to changing regulatory demands. With a focus on precision, security, and real-time monitoring, our technology ensures that financial organizations can meet regulatory requirements while maintaining operational efficiency and integrity.

Why Unicage Stands Out in Regtech & Cybersecurity

Unicage provides a cutting-edge data framework that addresses the unique challenges of today’s data-intensive world. Here’s how our approach delivers value:

  • Data Quality and Consistency: Unicage integrates siloed data across platforms, ensuring data quality, consistency, and relevance. This integration is crucial for institutions that rely on vast amounts of information to make informed decisions and maintain compliance.
  • Cost Efficiency: Our technology optimizes data processing, which can significantly reduce cloud expenses—an essential factor as financial institutions seek cost-effective solutions without compromising security.
  • Real-Time Monitoring and Continuous Auditing: Many financial organizations audit a limited sample of transactions, leaving potential gaps in operational oversight. Unicage’s solution enables continuous, real-time monitoring of daily transactions, ensuring that even minor inconsistencies are detected immediately. This systematic approach helps prevent financial losses, safeguards client relationships, and strengthens the institution's reputation for reliability.
  • Foundations for AI Model Accuracy: Our data framework provides a robust foundation for accurate AI models, enhancing predictive capabilities in risk management and compliance monitoring. This is especially important as AI plays an increasingly prominent role in financial decision-making and fraud prevention.

The Value of Choosing Unicage

Unicage stands out as a partner for financial institutions aiming to advance their data security and regulatory practices in a rapidly evolving landscape. Here’s why leading institutions choose Unicage:

  1. Expertise in Regtech and Cybersecurity: With deep knowledge and specialized expertise, Unicage has built solutions tailored specifically for the regulatory challenges faced by financial institutions today.
  2. Future-Ready Technology: Unicage’s data framework is designed with scalability and adaptability in mind. Our technology supports organizations as they grow and as regulatory demands change, ensuring long-term viability.
  3. Commitment to Innovation and Integrity: We recognize that effective Regtech and Cybersecurity require continuous innovation. By focusing on both technological advances and strong ethical standards, Unicage remains a trusted name in fintech security.
  4. International Reach with Local Impact: As part of Portugal’s fintech ecosystem, Unicage combines a local presence with international ambition. We bring a global perspective to security challenges, helping our clients not only protect their operations but also navigate the broader compliance landscape with confidence.

Contributing to the Growth of Portugal’s Fintech Industry

Being part of the Portugal Fintech Report 2024 is an important milestone for Unicage, reinforcing our role in a booming fintech industry. We’re grateful to Portugal Fintech and partners Visa, Morais Leitão, and KPMG Portugal for this recognition. As the report highlights, Portugal is emerging as a global hub for fintech, and Unicage is committed to contributing to this growth by delivering reliable, future-focused solutions.

The 2024 report is available for download, offering insights into the ecosystem’s evolution, trends, and best practices. We invite you to explore the report and learn more about the exciting developments within Portugal’s fintech landscape. As we move forward, Unicage will continue to drive progress in Regtech and Cybersecurity, ensuring a secure, innovative, and resilient financial future.

Check out the report here: https://www.portugalfintech.org/portugal-fintech-report-2024

#Unicage #PortugalFintechReport2024 #Regtech #Cybersecurity #Innovation #Fintech

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