Brazil RegTech Market Overview, 2030

The RegTech market in Brazil has evolved rapidly over the past decade, driven by the country’s expanding financial sector, increasing regulatory oversight, and the digital transformation of banking, insurance, and fintech industries. Its early development was influenced by the aftermath of the 2008 global financial crisis, which prompted the Central Bank of Brazil (Banco Central do Brasil, BCB) and the Securities and Exchange Commission of Brazil (CVM) to strengthen regulatory frameworks, improve risk management, and enforce stricter compliance requirements for financial institutions. Initially, adoption of RegTech solutions was concentrated among large banks and insurance companies to automate Know Your Customer (KYC), anti-money laundering (AML) monitoring, fraud detection, transaction surveillance, and regulatory reporting, reducing operational risks and ensuring compliance with local regulations such as the Law No. 9,613/1998 on AML and Law No. 12,846/2013 on anti-corruption. Between 2015 and 2020, the rapid growth of Brazil’s fintech ecosystem, particularly in São Paulo, Rio de Janeiro, and Belo Horizonte, accelerated the deployment of cloud-based and AI-driven RegTech platforms, enabling real-time compliance monitoring, digital onboarding, automated reporting, and predictive analytics for fraud detection and risk management. Regulatory initiatives, including the introduction of open banking by the Central Bank and data protection laws under the General Data Protection Law (LGPD, 2018), further emphasized the need for secure, automated compliance solutions. More recently, the market has expanded to include ESG compliance, cybersecurity, and advanced risk analytics. Today, Brazil’s RegTech market is characterized by a sophisticated ecosystem where traditional financial institutions, fintech innovators, and regulators leverage AI, big data, machine learning, and cloud computing to enhance operational efficiency, ensure regulatory adherence, and manage risk in a complex and evolving financial landscape.

According to the research report “Brazil RegTech Market Overview, 2030,”published by Bonafide Research, the Brazil RegTech market is anticipated to grow at more than 23.18% CAGR from 2025 to 2030.The RegTech competitive landscape in Brazil is shaped by a mix of established financial institutions, global technology providers, and innovative domestic fintech start-ups, reflecting the country’s mature financial system and evolving regulatory environment. Large banks, such as Banco do Brasil, Itaú Unibanco, and Bradesco, dominate adoption by developing in-house RegTech capabilities and partnering with technology vendors to implement solutions for Know Your Customer (KYC), anti-money laundering (AML) monitoring, fraud detection, transaction surveillance, risk management, and automated regulatory reporting. Global RegTech providers, including Finastra, FICO, Actimize, and Refinitiv, maintain a significant presence by offering AI-driven, analytics-enabled, and cloud-based platforms tailored to Brazilian regulations, such as the General Data Protection Law (LGPD, 2018), AML Law No. 9,613/1998, and the anti-corruption law 12,846/2013, supporting both local banks and insurance firms in compliance and risk management. Domestic start-ups, concentrated in São Paulo, Rio de Janeiro, and Belo Horizonte, are increasingly gaining traction by providing specialized solutions for digital onboarding, real-time transaction monitoring, fraud detection, and regulatory intelligence, particularly catering to mid-sized banks, fintech firms, and non-banking financial institutions. Strategic alliances between global vendors and local technology companies are common, enabling co-development of scalable, regulatory-compliant solutions. Regulatory initiatives, such as the Central Bank of Brazil’s open banking framework and sandbox programs, encourage innovation while ensuring controlled compliance, allowing new entrants to experiment with AI, machine learning, and blockchain-based RegTech solutions. Overall, Brazil’s RegTech competitive landscape is highly dynamic, with incumbents, global technology providers, and domestic innovators driving technological advancement, automation, and enhanced compliance capabilities across the country’s financial ecosystem.

In Brazil, the RegTech market by end user spans financial and non-financial sectors, with banks representing the largest segment due to strict oversight by the Central Bank of Brazil (Banco Central do Brasil, BCB) and the Securities and Exchange Commission of Brazil (CVM), alongside compliance obligations under anti-money laundering legislation (Law No. 9,613/1998) and anti-corruption regulations (Law No. 12,846/2013). Major banks deploy RegTech solutions for Know Your Customer (KYC), AML monitoring, fraud detection, transaction surveillance, risk management, and automated regulatory reporting to enhance operational efficiency and ensure regulatory compliance. Insurance companies are increasingly leveraging RegTech platforms to improve claims monitoring, solvency reporting, fraud prevention, and customer identity verification, aligning with regulatory standards from the SUSEP (Superintendence of Private Insurance) and financial authorities. FinTech firms, particularly in São Paulo, Rio de Janeiro, and Belo Horizonte, are rapidly adopting digital onboarding, real-time transaction monitoring, AML compliance, and secure identity verification tools to meet licensing and regulatory requirements efficiently. The IT and telecom sector utilizes RegTech solutions to ensure data privacy and cybersecurity compliance under the General Data Protection Law (LGPD, 2018). Public sector organizations employ RegTech for risk analytics, fraud detection, and transparency in financial management. Energy and utilities companies increasingly rely on RegTech for regulatory reporting, ESG compliance, and operational risk monitoring. Other sectors, including healthcare, retail, and logistics, are gradually integrating RegTech platforms to strengthen data governance, fraud prevention, and compliance management, reflecting the growing adoption of RegTech solutions beyond traditional financial institutions in Brazil.

In Brazil, the RegTech market by component is segmented into solutions and services, with solutions accounting for the larger share due to strong demand from banks, insurance companies, and fintech firms for automated compliance, risk management, and regulatory reporting tools. Solutions include applications for Know Your Customer (KYC), anti-money laundering (AML) monitoring, fraud detection, transaction surveillance, risk and compliance management, and data privacy compliance under regulations such as Law No. 9,613/1998 (AML), Law No. 12,846/2013 (anti-corruption), and the General Data Protection Law (LGPD, 2018). Large banks and insurance companies deploy these solutions to streamline complex compliance processes, reduce operational costs, and ensure accurate reporting under oversight from the Central Bank of Brazil (BCB), CVM, and SUSEP, often integrating AI, machine learning, and analytics-driven platforms to enable predictive compliance. FinTech start-ups and mid-sized institutions increasingly adopt cloud-based solutions for scalability, real-time monitoring, and cost efficiency, particularly for digital onboarding, identity verification, AML compliance, and regulatory intelligence. The services segment complements solutions by offering consulting, system integration, implementation support, training, and ongoing maintenance. Consulting services help organizations interpret complex regulatory requirements, design compliance strategies, and align internal processes with evolving national and international frameworks. Integration and managed services ensure seamless connectivity with legacy IT systems and allow smaller banks and fintech firms to outsource compliance operations, reducing internal resource burdens. Collectively, solutions drive automation and innovation in regulatory compliance, while services facilitate effective deployment, customization, and adaptation to Brazil’s evolving RegTech landscape across financial and non-financial sectors.

In Brazil, the RegTech market by deployment model is segmented into on-premises and cloud-based solutions, reflecting the diverse needs of large financial institutions, mid-sized banks, and fintech companies. On-premises deployments are primarily adopted by major banks, insurance firms, and government agencies that require maximum control over sensitive financial and personal data, full integration with legacy IT systems, and strict compliance with regulations enforced by the Central Bank of Brazil (BCB), the Securities and Exchange Commission of Brazil (CVM), and SUSEP. On-premises solutions are typically applied to critical functions such as Know Your Customer (KYC), anti-money laundering (AML) monitoring, transaction surveillance, fraud detection, and regulatory reporting, offering high security and operational control but requiring substantial upfront investment and longer deployment timelines. Cloud-based RegTech solutions are increasingly favored by fintech start-ups, smaller banks, and mid-sized insurers due to advantages such as faster deployment, scalability, cost efficiency, and real-time compliance updates. Cloud platforms are particularly suitable for digital onboarding, AML monitoring, transaction monitoring, identity verification, and data privacy compliance under Brazil’s General Data Protection Law (LGPD, 2018). As regulatory guidance increasingly supports secure cloud adoption, cloud-based solutions are emerging as the fastest-growing deployment model, driven by operational flexibility, efficiency, and the need for agile, automated compliance management across both financial and non-financial sectors in Brazil.

In Brazil, the RegTech market by enterprise size is distinctly divided between large enterprises and small & medium enterprises (SMEs), shaped by regulatory complexity, operational capacity, and resource availability. Large enterprises, including major banks, multinational insurance companies, and leading financial institutions, dominate the market due to strict oversight from the Central Bank of Brazil (BCB), the Securities and Exchange Commission of Brazil (CVM), and SUSEP, alongside compliance obligations under anti-money laundering legislation (Law No. 9,613/1998), anti-corruption regulations (Law No. 12,846/2013), and data protection requirements under the General Data Protection Law (LGPD, 2018). These organizations invest heavily in comprehensive RegTech solutions for KYC, AML monitoring, transaction surveillance, fraud detection, risk management, and automated regulatory reporting, often integrating on-premises systems with AI, machine learning, and analytics-driven platforms to enhance predictive compliance and operational efficiency. Large enterprises also possess the financial and technical capacity to maintain in-house compliance teams and integrate solutions with legacy IT infrastructure. Conversely, SMEs including regional banks, fintech start-ups, smaller insurance firms, and non-banking financial institutions are increasingly adopting cloud-based RegTech platforms due to affordability, scalability, and faster deployment. RegTech-as-a-Service and managed service models allow SMEs to automate compliance processes, meet AML and data privacy requirements, and reduce dependency on limited internal resources. While large enterprises generate the majority of revenue, SMEs represent the fastest-growing segment, driven by Brazil’s expanding fintech ecosystem, digital transformation initiatives, and rising demand for cost-effective, agile compliance solutions across financial and non-financial sectors.

Considered in this report
• Historic Year: 2019
• Base year: 2024
• Estimated year: 2025
• Forecast year: 2030

Aspects covered in this report
• RegTech Market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By End User
• Banks
• Insurance Companies
• FinTech Firms
• IT and Telecom
• Public Sector
• Energy and Utilities
• Others

By Component
• Solution
• Services

By Deployment Model
• On-premises
• Cloud

By Enterprise Size
• Large Enterprises
• Small & Medium Enterprises (SMEs) Show more