New analysis shows Australia’s local RegTech industry is the third largest in the world. However, Australia’s local industry attracts just 1 per cent of global equity funding, with investment falling by 50 per cent since 2018.

The RegTech Association recommend the establishment of new funding pools, including diverting a portion of the fines and penalties levied against regulated industries to support local RegTech companies to develop new solutions to improve compliance. 

Read the media release here.