RegSmart
RegSmart is a Plano, Texas-based RegTech SaaS company that automates BSA/AML risk assessments, annual audits, and regulatory examination preparation for US banks, credit unions, MSBs, and marijuana-related businesses. It sells annual subscriptions through a sales-led motion supported by subject matter experts and partners including NICE Actimize, Abrigo, and Juniper Payments.
- Company typePrivate
- Founded2015
- HeadquartersPlano, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What RegSmart does
RegSmart, operating as AuditRS, LLC, is a Plano, Texas-based RegTech company founded in 2015 that sells a SaaS platform for Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) risk assessment and audit automation to US financial institutions. The platform is built to address what company materials describe as the number-one BSA/AML deficiency cited by OCC, FDIC, Federal Reserve, and NYDFS examiners, automating the risk assessment, annual audit, and regulatory examination preparation workflow through intuitive data-collection wizards, a curated library of inherent risk ratings across locations, products, services, and customer profiles, and customizable narrative report generation. The product family comprises a core product (RegSmart-BSA Risk & Review), a workflow and expert-access module (RegSmart-Collaboration), and a vertical module for marijuana-related business compliance (RegSmart-Cannabis Banking).
The business model is a sales-led, quote-based annual SaaS subscription sold primarily through direct phone and email outreach, supported by content marketing via publications and whitepapers on BSA, AML, OFAC, beneficial ownership, NYDFS Part 504, and cannabis banking topics. Target customer segments are US-based community banks and credit unions as the primary segment, with money service businesses (MSBs) and marijuana-related businesses (MRBs) as secondary verticals. RegSmart has established integration and distribution partnerships with NICE Actimize (AML detection), Abrigo (community-bank compliance), Green Check Verified (cannabis compliance), and Juniper Payments (which reaches more than 3,000 US financial institutions).
The company is founder-led, with Mark Stetler serving as CEO (a CAMS-certified attorney with 30 years of financial services experience) and Jay Marqua as CFO and CIO. Headcount is reported at 1-10 employees, no venture capital funding beyond a $20,000 seed round in 2017 has been disclosed, and there is no public revenue, ARR, or enterprise customer disclosure. RegSmart® is a registered trademark of RS Technologies, LLC, while AuditRS, LLC operates the SaaS business.
RegSmart firmographics
Firmographics- Name
- RegSmart
- Legal name
- AuditRS, LLC
- Website
- https://beregsmart.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- RegSmart is a Plano, Texas-based RegTech SaaS company that automates BSA/AML risk assessments, annual audits, and regulatory examination preparation for US banks, credit unions, MSBs, and marijuana-related businesses. It sells annual subscriptions through a sales-led motion supported by subject matter experts and partners including NICE Actimize, Abrigo, and Juniper Payments.
- Ownership category
- akta.pro rank
RegSmart industry classification
Industry- Product category
- BSA/AML Compliance Software
- NAICS
- Investigation and Personal Background Check Services (561611)
- SIC
- Services-Management Services (8741)
- akta.pro primary industry
- AML/CFT & Financial Crime Compliance (FSAFAOAD)
- akta.pro secondary industries
- Risk Scoring, Decisioning & Orchestration (rules, ML, workflow) (FSAGAFAF), Regulatory Compliance Management (RegTech) (BPAEAPAB)
Keywords
Where RegSmart is headquartered
LocationHeadquarters
- HQ city
- Plano
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
RegSmart business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations
Revenue model
- SaaS Subscription: RegSmart offers a SaaS platform for BSA/AML risk assessment and audit automation. The subscription model provides financial institutions access to the software platform along with subject matter expert support for compliance programs.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Contact for pricing |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
RegSmart product offering
Product offeringCore offering
RegSmart provides a SaaS platform that automates Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) risk assessments, annual audits, and regulatory examination preparation for financial institutions. The platform collects compliance data via intuitive wizards, tracks risk across physical, agent, correspondent, and virtual locations, and generates customizable narrative reports for leadership, auditors, and regulators in under 30 seconds. It is supplemented by subject matter expert advisory support to deliver compliant BSA/AML programs.
Product overview
RegSmart offers a unified SaaS platform for BSA/AML compliance automation. The core product, RegSmart-BSA Risk & Review, automates BSA risk assessments, annual audits, and examination preparation. It is supplemented by two specialized modules: RegSmart-Collaboration for workflow management and expert access, and RegSmart-Cannabis Banking for marijuana-related business compliance. The platform collects data via intuitive wizards, stores data for regulatory compliance and change management, and delivers plain language reports with actionable intelligence.
Differentiator
Problem solved
Functional benefit
Products and services
- RegSmart-BSA Risk & Review SaaS platform that automates BSA Risk Assessment, Annual Audit, and Examination Preparation for financial institutions. Identifies and quantifies BSA risks and helps match resources to the risk management mission.
- RegSmart-Collaboration Collaboration module within the RegSmart platform enabling financial institutions to work with subject matter experts and manage compliance workflows.
- RegSmart-Cannabis Banking Specialized module for banking marijuana-related businesses (MRBs), addressing compliance challenges and solutions for financial institutions serving cannabis businesses.
Companies that use RegSmart
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
RegSmart technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
RegSmart partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- NICE ActimizecoreNICE Actimize is the market leader in financial crime, risk, and compliance. As a partnership, RegSmart likely integrates or complements NICE Actimize's fraud prevention and AML detection capabilities with RegSmart's risk assessment SaaS.
- Green Check VerifiedcoreGreen Check is a compliance platform that makes it easy for cannabis businesses to monitor and share their compliance history, enabling stable banking partnerships. RegSmart offers cannabis banking solutions, making this partnership complementary.
- Juniper PaymentscoreJuniper Payments delivers payment services through correspondent and direct relationships with banks and credit unions throughout the US, serving more than 3,000 financial institutions daily. Likely serves as a distribution channel for RegSmart services.
- AbrigocoreAbrigo provides market-leading compliance, credit risk, and lending solutions to community financial institutions. Both companies serve the same market segment with complementary compliance solutions.
Scale indicators1 record
Recent moves5 records
Expansion highlights5 records
RegSmart competitors and assessment
Company assessmentDirect peers
- Abrigo: Abrigo is a leading provider of compliance, credit risk, and lending solutions to US community financial institutions. RegSmart explicitly lists Abrigo as a strategic integration partner, and both companies compete for the same BSA/AML and compliance budget at community banks and credit unions.
- Verafin: Verafin provides cloud-based AML, fraud detection, and BSA/AML compliance solutions for banks and credit unions. It is one of the closest direct competitors in the US BSA software market for community and mid-sized financial institutions.
- Green Check Verified: Green Check Verified is a compliance platform purpose-built for cannabis-related businesses and their banking partners. RegSmart lists Green Check as a partner and RegSmart-Cannabis Banking overlaps directly with Green Check's cannabis banking compliance use case.
Broad incumbents
- NICE Actimize: NICE Actimize is the market leader in financial crime, risk, and compliance software, offering AML, fraud, and case management solutions. Named as a RegSmart partner, Actimize serves many of the same financial institution buyers with a much broader enterprise suite.
- Wolters Kluwer Compliance Solutions: Wolters Kluwer offers regulatory compliance, risk management, and BSA/CIP solutions to banks and credit unions globally. It competes for the same compliance officer budget as RegSmart but with a broader product portfolio and international reach.
- SAS Anti-Money Laundering: SAS offers enterprise AML, sanctions, and fraud analytics used by large banks worldwide. It competes in the same BSA/AML analytics space as RegSmart, but typically at larger financial institutions and with broader capabilities.
- Oracle Financial Crime and Compliance: Oracle's FCCM suite offers AML, Know Your Customer, and transaction monitoring for global banks. It is an established incumbent in BSA/AML technology that competes for the same regulatory compliance mandates RegSmart addresses.
- FIS Compliance Solutions: FIS offers AML, sanctions screening, and regulatory compliance software as part of its broad banking technology stack. It competes with RegSmart for the same community and mid-market bank buyers but with significantly deeper distribution.
- Finastra: Finastra provides core banking and compliance software to banks and credit unions globally, including AML and regulatory reporting capabilities. It overlaps with RegSmart's BSA risk assessment use case at a portion of its installed bank base.
Emerging players
- ComplyAdvantage: ComplyAdvantage provides AI-driven AML, KYC, sanctions screening, and transaction monitoring for financial institutions. It is a venture-backed emerging player in RegTech that competes with RegSmart on BSA/AML risk assessment and screening capabilities.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
RegSmart social profiles
Digital presenceRegSmart financial estimates
Financial estimateRevenue estimate
Valuation estimate
RegSmart leadership team
Management profileNumber of profiles
Profiles2 records
RegSmart funding detail
Funding detailFunding overview
Funding rounds1 record
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
RegSmart M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about RegSmart
What does RegSmart do?
RegSmart provides a SaaS platform that automates Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) risk assessments, annual audits, and regulatory examination preparation for financial institutions. The platform collects compliance data via intuitive wizards, tracks risk across physical, agent, correspondent, and virtual locations, and generates customizable narrative reports for leadership, auditors, and regulators in under 30 seconds. It is supplemented by subject matter expert advisory support to deliver compliant BSA/AML programs.
Is RegSmart a public or private company?
RegSmart is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was RegSmart founded?
RegSmart was founded in 2015. It employs 1 to 10 people.
Where is RegSmart based?
RegSmart is headquartered in Plano, United States, in the North America region.
How does RegSmart make money?
One revenue line is on record: saaS Subscription.
Who are RegSmart's main competitors?
Direct peers on record are Abrigo, Verafin and Green Check Verified. Broad incumbents are NICE Actimize, Wolters Kluwer Compliance Solutions, SAS Anti-Money Laundering, Oracle Financial Crime and Compliance, FIS Compliance Solutions and Finastra. ComplyAdvantage is listed as an emerging player.
Does RegSmart have an API?
No public API is recorded for RegSmart.
What industry is RegSmart in?
RegSmart's product category is BSA/AML Compliance Software. Its primary akta.pro industry code is FSAFAOAD, AML/CFT & Financial Crime Compliance, with a secondary code of FSAGAFAF, Risk Scoring, Decisioning & Orchestration (rules, ML, workflow). Its NAICS code is 561611 and its SIC code is 8741.