Regulation Asia held its 8th annual Awards ceremony on 10 November 2025. Here we announce the winners in each category.

Now in its eighth year, the Regulation Asia Awards for Excellence 2025 recognises the financial institutions, technology providers, legal and consulting firms, and individuals that have helped shape Asia’s regulatory landscape.

The winners were announced at a gala dinner ceremony in Singapore on 10 November 2025, celebrating those at the forefront of compliance, risk management, and innovation.

Regulation Asia would like to thank all the participants for their submissions and extend our congratulations to the winners and highly commended entrants.

Methodology

The Regulation Asia Awards for Excellence is a rigorous programme designed to ensure that every award represents true excellence and leadership. The entire process, from submission to final decision, takes more than three months to complete.

Entries were invited from across the Asia-Pacific region, attracting submissions from a diverse range of organisations including regulators, financial institutions, specialist technology vendors, advisory firms, and academic institutions. Entrants were asked to complete a comprehensive questionnaire describing their solutions and projects, and to provide supporting documents, case studies, and client references to evidence the merits of their submissions.

Regulation Asia’s research and editorial teams, working with an external panel of judges, first assessed all submissions to create a shortlist of those with the most merit in each category. This year’s panel comprised 31 expert, independent judges - all industry leaders, former regulators, and academics - who brought impartial expertise to every decision.

The awards spanned six main categories: Fraud & Financial Crime, Digital Assets, Market Infrastructure, Sustainable Finance, Bank Resilience & Integrity, and our Industry Awards. Each shortlisted submission was reviewed by at least three different judges and scored across six weighted criteria: Innovation, Impact, Implementation, Efficiency, Collaboration, and Market Relevance. The editorial team also conducted interviews with shortlisted firms and reached out for clarification where needed to gain a deeper understanding of each submission.

Finally, the judges’ scores were compiled and normalised to determine the winners. In cases where the margin between submissions was exceptionally narrow, the editorial team conducted a deeper analysis of the judges’ qualitative notes and comments to uncover the standout elements that differentiate the leading entrants.

In some categories, where warranted, a ‘Winner’ was declared along with ‘Highly Commended’ entrants. The ‘Highly Commended’ recognition is awarded to firms that surpass a calculated scoring threshold, recognising their exceptionally high standards regardless of whether they were chosen as Winners.

Digital Assets - This category recognises the innovators driving transparency, compliance, and trust in the digital asset ecosystem.

Best Client Lifecycle Management Solution, Digital Assets

• Winner: Sumsub - Recognised for its AI-powered platform that unifies KYC, transaction monitoring, and fraud prevention in a single interface to meet global regulatory demands. [Read more here]

Best Digital Asset Surveillance Solution

• Winner: Eventus - Recognised for its industry-leading Validus platform, which delivers real-time, machine-learning-powered trade surveillance across traditional and digital asset markets.

• Rising Star: FailSafe - Recognised for FailSafe Monitor, a continuous security monitoring solution designed to detect threats and anomalies across smart contracts, wallets, and blockchain infrastructure.

Best Blockchain Analytics & Investigations Solution

• Winner: Crystal Intelligence - Recognised for Crystal Expert, an advanced blockchain analytics platform that enables users to trace crypto transactions, assess risk, and detect illicit activity in real time across 335+ blockchains.

Best KYT/Transaction Monitoring Solution

• Winner: ChainUp - Recognised for its AI-driven Trustformer tool that redefines how illicit activities are detected and managed in digital asset transactions. [Read more here]

Digital Assets Advisory Firm of the Year

• Winner: Clifford Chance - Recognised for its global leadership and stellar regulatory expertise in digital asset regulation, custody, and transactions.

Digital Assets Advisory Firm of the Year (Boutique)

• Winner: Prosynergy Consulting Limited - Recognised for its pivotal role and practitioner-led expertise in shaping Hong Kong’s regulated digital asset ecosystem. [Read more here]

• Highly Commended: Drew and Napier LLC - Recognised for advising digital assets firms on FMSA licensing, regulatory risk mapping, design of compliance frameworks, custody and trading platforms, and prudential, conduct, and AML/CFT requirements.

Digital Assets Exchange of the Year

• Winner: Binance - Recognised for its progressive strengthening of compliance frameworks and sustained investment in risk management and transparency. [Read more here]

Digital Assets Industry Collaboration of the Year

• Winner: Association of National Numbering Agencies (ANNA) & Digital Token Identifier Foundation (DTIF) - Celebrated for their pioneering partnership to advance global standards in digital asset identification and transparency.

• Highly Commended: Association of Crypto Currency Enterprises and Start-ups Singapore (ACCESS) - Recognised for work to drive responsible innovation, shape clear and balanced regulation, and unite the industry under a common voice.

Sustainable Finance - This category recognises those leading the way in sustainability, responsible finance, climate-related disclosures, and other ESG and sustainability-related requirements.

Best Climate-related Disclosure & Reporting Solution

• Winner: MSCI - Recognised for empowering financial institutions to meet growing global expectations for transparent, accurate, and comparable climate reporting.

Best Climate Risk Management Solution

• Winner: S&P Global Market Intelligence Recognised for its Climate Credit Analytics (CCA) platform, which helps financial institutions identify, measure, and manage climate-related financial risks. [Read more here]

Best Sustainable Finance Data & Analytics Solution

• Winner: MSCI - Recognised for the breadth and quality of its data, which empowers investors to integrate sustainability risks and opportunities with confidence.

• Highly Commended: ESG Data Solutions Private Limited - Commended for ESGSure, an AI-powered ESG research platform which allows users to access ESG performance data of over 15,000 global listed companies and analyse private companies.

Sustainable Finance Advisory Firm of the Year

• Winner: Drew and Napier LLC - Recognised for facilitating sustainability-linked loans, green and sustainability bonds, and transactions tied to renewable energy and low-carbon infrastructure projects.

Bank Risk, Resilience & Integrity - This category recognises technology solutions and firms that help to promote regulatory compliance, institutional resilience, and stability in the banking sector.

Banking Advisory Firm of the Year

• Winner: Cognizant Technology Solutions Pte Ltd - Recognised for successful delivery of complex regulatory projects, including automation of OTC derivatives reporting under Singapore's new regime.

• Highly Commended: Accenture - Commended for delivering end-to-end regulatory transformation and innovation for leading Asia-Pacific banks. [Read more here]

Best Capital/Liquidity Management Solution

• Winner: OneSumX for Basel from Wolters Kluwer - Recognised for its OneSumX for Basel platform that unifies risk, finance, and regulatory reporting to help institutions manage capital and liquidity. [Read more here]

• Highly Commended: MSCI - Commended for MSCI LiquidityMetrics, which supports liquidity risk management, reporting requirements, portfolio liquidity capacity checks, and portfolio stress testing.

Best Regulatory Reporting Solution

• Winner: Nasdaq - Recognised for its solution's full lifecycle coverage, strong data management, and innovative use of AI tools to enhance timeliness and accuracy.

• Highly Commended: Regnology - Commended for its Regnology Reporting Hub (RRH), which automates complex reporting processes with a "map once, report many" approach. [Read more here]

Best In-house Regulatory Reporting Solution

• Winner: DBS Bank - Recognised for CDD Dashboard, which is designed to centralise, monitor, and manage CDD obligations, streamline workflows, and enhance regulatory reporting.

Best FRTB Solution

• Winner: MSCI - Recognised for its precise, scalable, and flexible analytical engine that sets a new benchmark for FRTB compliance and market risk analytics.

• Highly Commended: Bloomberg - Commended for high-quality FRTB datasets covering more than 5 million global instruments and supporting FRTB compliance with reliable risk analytics engine or full end-to-end workflows.

Best Regulatory Change Management Initiative

• Winner: Corlytics - Recognised for its AI-driven platform that unifies horizon scanning, automation, and monitoring to simplify regulatory change management.

Excellence in Operational Resilience, Banking

• Winner: DBS Bank - Recognised for its enterprise-wide Technology Risk Culture Programme, which embeds resilience across technology, risk, HR, and audit.

Markets & Infrastructure - This category recognises firms that are transforming the foundations of our markets - from surveillance and collateral management to reference data and trade reporting - helping to promote a safe and efficient marketplace and compliance with related regulatory requirements.

Best Market, Trade or Communications Surveillance Solution

• Winner: Eventus - Recognised for the flexibility and adaptability of its modular surveillance platform, which helps firms detect market manipulation and conduct breaches.

• Highly Commended: MyComplianceOffice (MCO) - Commended for its ongoing innovation and investment in its intelligent eComms surveillance module.

• Highly Commended: Shield - Commended for its AI-powered surveillance platform and AmplifAI engine for detecting market conduct risks across modern communication channels. [Read more here]

Collateral Management Provider of the Year

• Winner: Nasdaq - Recognised for its blockchain evolution, AI-driven scalability, and deep functionality across the collateral management lifecycle.

• Highly Commended: NSE Clearing Limited - Commended for its innovative and scalable approach to collateral management, with strong safeguards against systemic risk.

• Highly Commended: Post Trade Solutions, an LSEG Business - Commended for its focus on cloud innovation, trusted brand reputation, global reach, and strong compliance coverage.

Capital Markets Advisory Firm of the Year

• Winner: DTCC - Recognised for its continued leadership, deep market expertise, and collaborative approach in guiding the industry through complex regulatory change. [Read more here]

• Highly Commended: PIVOT Management Consulting Pvt. Ltd. - Commended for its practitioner-led expertise and transformative impact on clients and the broader Indian capital markets ecosystem. [Read more here]

Best Reference Data Provider

• Winner: ANNA Service Bureau - Recognised for setting the global standard in reference data through its collaboration between the Association of National Numbering Agencies (ANNA) and the Derivatives Service Bureau (DSB).

• Highly Commended: S&P Global Market Intelligence - Commended for its Managed Corporate Actions (MCA) solution, which delivers high-quality, validated corporate actions data across global markets. [Read more here]

Best Trade Reporting Solution

• Winner: DTCC Trade Reporting Analytics - Recognised for its Trade Reporting Analytics (TRA) service, which transforms post-reporting quality assurance into a community-driven, intelligence-led process. [Read more here]

Best Use of AI for Capital Markets

• Winner: Nasdaq - Highlighted for its early adoption of AI-driven solutions that enhance transparency, resilience, and systemic stability across Asia.

Capital Optimisation Solution of the Year, Capital Markets

• Winner: Post Trade Solutions, an LSEG Business - Recognised for its innovative and data-driven capital optimisation capabilities, which help market participants manage risk and enhance liquidity.

Excellence in Operational Resilience, Capital Markets

• Winner: Broadridge - Recognised for setting a new benchmark in operational resilience through its state-of-the-art practices in technology robustness and continuity planning.

Exchange of the Year

• Winner: National Stock Exchange of India Limited - Recognised for its sustained leadership, strong governance, and innovative initiatives that enhance transparency, efficiency, and market participation.

Market Infrastructure of the Year

• Winner: Central Depository Services India Limited (CDSL) - Recognised for its comprehensive and forward-looking approach to strengthening market infrastructure through advancements in efficiency and transparency.

Regulatory Initiative of the Year, Capital Markets

• Winner: Derivatives Service Bureau (DSB) Ltd - Recognised for its global industry initiative delivering significant efficiencies through data standardisation across markets.

Industry Awards - This category recognises organisations and leaders who have made lasting contributions to our industry in supporting regulatory compliance, promoting financial stability, and enhancing industry practices.

Industry Association of the Year

• Winner: FIX Trading Community - Recognised for its leadership in advancing regulatory reforms, establishing global market standards, and fostering industry collaboration.

Innovation Centre of the Year Award

• Winner: Financial Integrity Hub (FIH) - Recognised for its leadership in advancing digital transformation and fostering cross-sector collaboration to address financial integrity challenges.

Lifetime Achievement Award

• Winner: Ashishkumar Chauhan (National Stock Exchange of India Limited) - Recognised for his transformative contributions to India’s and the global financial markets, his vision for innovation, and his commitment to regulatory excellence.

Outstanding Contribution to Regulatory Reforms

• Winner: International Swaps and Derivatives Association (ISDA) - Recognised for its continued leadership in developing global derivatives standards and advancing digital regulatory reform. [Read more here]

Regulator Initiative of the Year

• Winner: The Securities and Exchange Commission of Thailand - Recognised for its financial influencer engagement initiative, which aimed to enhance transparency, reduce the spread of misinformation, and strengthen market integrity.

Fraud & Financial Crime - This category recognises excellence in combating fraud and financial crime — a critical area in protecting trust and integrity across financial systems.

Best Transaction Monitoring Solution

• Winner: Tookitaki - Recognised for FinCense, an AI-driven transaction monitoring that combines federated learning with the AFC Ecosystem, an expert-contributed typology network.

• Highly Commended: Hawk - Commended for technology that combines easily configurable, no-code rule management with an explainable AI layer that improves transparency and typology detection.

• Rising Star: finoject, Inc. / Digital Asset AML Joint Center - Highlighted for its innovative use of AI to combat financial crime and fraud risk in digital asset markets.

Best Use of AI in Fraud & Financial Crime Detection

• Winner: Quantexa - Recognised for its Decision Intelligence Platform, which uses a patented Knowledge Graph to uncover hidden risks and complex criminal networks. [Read more here]

• Highly Commended: LexisNexis® IDVerse®, LexisNexis® Risk Solutions - Commended for its advanced application of AI and machine learning to enhance identity verification and fraud prevention.

Best In-house Use of AI in Fraud & Financial Crime Detection

• Winner: Standard Chartered Bank - Recognised for its strategic transition from rules-based systems to fully in-house AI and machine learning models to uncover complex criminal activity.

• Highly Commended: XTransfer - Commended for its in-house solution, TradePilot, the first Large Language Model purpose-built for the global foreign trade financial sector. [Read more here]

Excellence in Fraud Awareness and Education Programme

• Winner: HSBC - Recognised for its sustained commitment and innovative initiatives in fraud education, aimed at strengthening awareness and prevention.

• Highly Commended: Bank of the Philippine Islands - Commended for delivering measurable impact through its comprehensive and culturally localised anti-fraud education campaign.

Best Compliance Training Initiative / Provider

• Winner: Academy of Excellence in Financial Crime Investigation and Compliance (Griffith University) - Recognised for its strong academic rigour, experiential learning design, and close collaboration with regulators to elevate professional standards.

  Highly Commended: GRC Solutions Pte Ltd - Commended for delivering highly customised, scalable, and adaptive compliance training programmes tailored to diverse client needs.

Anti-fraud Project of the Year

• Winner: BioCatch - Recognised for its pioneering BioCatch Trust™ network, the world’s first real-time, inter-bank intelligence-sharing platform to combat scams.

Best Adverse Media Monitoring Solution

• Winner: LSEG Risk Intelligence - Recognised for its hybrid approach, which combines human-curated intelligence with advanced AI to deliver highly relevant and accurate insights.

Best In-house Adverse Media Monitoring Solution

• Winner: Bank of Singapore - Recognised for its Adverse News Screening & Analytical Model, which uses Generative AI and NLP to automate public searches and reduce false positives. [Read more here]

Best Client Lifecycle Management Solution

• Winner: Fenergo - Recognised for its innovative use of agentic AI and orchestration to streamline client onboarding, due diligence, and ongoing monitoring.

Best Use of AI for Financial Crime Investigations

• Winner: Quantexa - Recognised for its measurable real-world impact in reducing case volumes and enhancing investigation efficiency with its Decision Intelligence Platform. [Read more here]

Best In-house Use of AI for Financial Crime Investigations

• Winner: Bank of Singapore - Recognised for its in-house suite of AI-driven models that deliver a comprehensive and contextualised view of client risk. [Read more here]

Best Digital Identity Verification Solution

• Winner: LSEG Risk Intelligence - Recognised for its LSEG Digital Identity & Fraud Solution Suite, a fully integrated identity and fraud ecosystem combining biometrics with real-time intelligence.

Best Due Diligence & Third Party Risk Solution

• Winner: Solytics Partners - Recognised for its AI-powered SAMS platform, which provides a unified approach to sanctions, PEP, and adverse media screening. [Read more here]

Best Fraud Risk, Detection or Analytics Solution

• Winner: LexisNexis® ThreatMetrix®, LexisNexis® Risk Solutions - Recognised for its advanced use of real-time analytics, identity intelligence, and risk-based authentication to proactively detect and prevent fraud.

• Rising Star: Darwinium - Recognised for cyberfraud prevention platform designed to detect and stop AI-driven threats in real time by analysing user behaviour, intent, and device intelligence.

Best Corporate KYC & Onboarding Solution

• Winner: Know Your Customer Limited - Recognised for its ‘Know Your Customer Sphere’ platform, which transforms corporate due diligence through real-time data access and intelligent automation. [Read more here]

Best Retail KYC & Onboarding Solution

• Winner: Nice Actimize - Recognised for its end-to-end KYC platform that unifies onboarding, screening, and monitoring into a seamless ecosystem.

Best AML / CTF Data Provider

• Winner: LSEG Risk Intelligence - Recognised for its World-Check Data, which sets the industry benchmark for quality, depth, and reliability in AML and CTF intelligence.

Fraud & Financial Crime Programme Advisory Firm of the Year

• Winner: Accenture - Recognised for its leadership in integrating strategy, technology, and operations to deliver transformative financial crime programmes. [Read more here]

Best Cross-border Initiative Against Fraud and Financial Crime

• Winner: Feedzai - Recognised for Feedzai IQ™, a platform that leverages federated learning to allow financial institutions to share fraud insights without exposing sensitive raw data. [Read more here]

Best In-house Cross-border Initiative Against Fraud and Financial Crime

• Winner: BRI Global Financial Services Co. Ltd. - Recognised for its AI-powered, cloud-native system designed to protect Indonesian migrant workers through proactive risk detection.

Best TBML & Trade Compliance Solution

• Winner: Lloyd's List Intelligence - Recognised for its Seasearcher Trade Risk 2.0 platform, which provides a holistic, transaction-level assessment of goods, counterparties, and shipping routes. [Read more here]

Best PEPs/Sanctions Screening Solution

• Winner: Napier AI - Recognised for Napier AI Client Screening, which uses AI-powered name matching, multi-screening configurations, and multi-org deployments to reduce false positives and improve efficiency.

Best PEPs & Sanctions Data Provider

• Winner: LSEG Risk Intelligence - Recognised for its World-Check One solution, which combines trusted risk data with AI-assisted screening technology to improve accuracy and reduce false positives.

Fraud & Financial Crime Industry Collaboration of the Year

• Winner: BioCatch - Recognised for the BioCatch Trust™ initiative, a world-first, real-time interbank intelligence-sharing network developed with major Australian banks.

Congratulations to all the winners of the Regulation Asia Awards for Excellence 2025.

Regulation Asia would like to offer our sincerest thanks to our judges for their time, dedication and hard work throughout the judging process. A list of the judges is available here.

The winners from previous years can be seen here: 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024