The Data City has joined forces with Innovate Finance to define and map the UK’s RegTech sector – for the first time, with real-time, dynamic data.
Together, we’re building the UK’s first Real-Time Industrial Classification (RTIC) for RegTech.
This new dataset will give government, investors and the wider ecosystem the clearest picture yet of this fast-evolving industry and sits at the heart of a bold new strategy to make the UK the global leader in regulatory technology.
A data-led push for UK RegTech
The RegTech market is booming. Worth $12.8 billion in 2023, it’s expected to grow to nearly $86 billion by 2032 (according to Fortune Business Insights). But defining it – and identifying the businesses driving that growth – has been almost impossible until now.
That’s because traditional industrial classification systems are broken. SIC codes don’t recognise RegTech. They barely reflect the modern economy at all. That’s where our platform and RTIC methodology come in, classifying companies not by what box they ticked in Companies House, but by how they describe themselves online.
It’s faster. It’s more accurate. And it gives us a real-time view of who’s in the sector, how it’s growing, and where the next opportunity lies.
As the official data partner of Innovate Finance and RegTech UK, we’re powering this initiative with the UK’s only live industrial classification system. The result: a smarter, more dynamic way to understand the UK RegTech sector.
Why this matters now
RegTech UK was launched by Innovate Finance in 2025 as a dedicated membership programme to support and champion RegTech firms. It’s focused on making the UK the best place in the world to build and scale a RegTech business, bringing together innovators, regulators, investors and ecosystem partners to accelerate adoption and reduce friction.
The partnership between Innovate Finance and The Data City directly supports the UK Government’s wider Industrial Strategy, which names Financial Services as one of eight priority sectors (the IS-8). With commitments to cut regulatory costs by 25%, streamline oversight and bring new technologies to market faster, the need for accurate, real-time sector data has never been more urgent.
To support this mission, our Co-Founder and CEO, Alex Craven, has joined the RegTech UK Advisory Board – bringing data-driven insight and strategic input to the heart of the initiative.
A new standard, built in real time
Our RTIC for RegTech will be built using the same approach we’ve used to define 500+ other sectors – combining explainable machine learning, expert input and real-world language from company websites.
It will show which companies are active in the space, how they’re describing their work, and where the sector is growing. All of this will be published via The Data City platform and supported by a publicly available report, built in collaboration with Innovate Finance and sponsoring partners.
And yes, we’re actively looking for sponsors. They’ll be credited in the dataset and report, and able to use the insights across their own work and comms.
This isn’t just a sector map. It’s the beginning of a new way to track, support and scale UK RegTech, built on clarity, not guesswork.
Want in?
The new RegTech RTIC and report will launch in 2026. If you’re part of the RegTech ecosystem – or want to be – now’s the time to get involved.
Interested in finding out more about the partnership or are keen to discuss sponsorship opportunities, please get in touch.
More to follow.