Sydney, Australia – 2 September 2024 – With losses attributed to scams exceeding $160 million in Australia this year alone, there are 160 million reasons why addressing this scourge is imperative. These losses impact large corporations, small businesses, families, and individuals alike, fostering elevated feelings of vulnerability and uncertainty even in legitimate commercial transactions. The emotional toll is significant, with many scams going unreported due to embarrassment. The proliferation of mobile devices has given scammers widespread access through phone, text, and email – the most common forms of communication used by scammers.
In response to this growing threat, The RegTech Association has teamed up with National Australia Bank (NAB) to launch the Global Anti-Scam Challenge. This program invites applications from start-up companies worldwide to address three primary problem statements, culminating in nine finalists presenting at the virtual grand finale in October 2024.
Deborah Young, CEO of The RegTech Association, stated, “While education is often the best defense, we can also help stop scams by meeting the scammers with even smarter technology. This program supports our Association’s goals to protect people and aims to attract a wide variety of RegTech and Tech companies from around the world to show us how they can approach Data Sharing, Scam Detection, and Emerging Threats. The reward will be to be assessed by a cross-functional expert panel from NAB, and for those selected, the opportunity to present at the grand finale in October. We invite everyone with a mature solution to apply. It’s incumbent upon us all to lean in, collaborate, and stop the scams.”
For more information, please contact: Deborah Young, CEO, The RegTech Association members@regtechglobal.org
About The RegTech Association The RegTech Association is dedicated to accelerating the adoption of regulatory technology solutions to solve the most pressing challenges in the financial services industry. Our mission is to protect people and enhance the efficiency and effectiveness of regulatory compliance.
About National Australia Bank (NAB) National Australia Bank is one of Australia’s largest financial institutions, committed to supporting its customers and communities through innovative solutions and partnerships.
In today’s world, regulatory measures are deeply integrated into the life cycle of all financial institutions, be it in insurance, banking, or asset management.
The UK has long been recognised as a global thought leader in financial regulation, so it is no surprise that both the Financial Conduct Authority and the Bank of England have been proactive in their approach to technological innovation.
The City of London Corporation's new report 'UK Regtech | Success Stories', authored by Dr Sian Lewin, showcases the benefits of RegTech by presenting successful examples of implementation which have helped UK firms to cut compliance costs, be more efficient, and save time and resources.
RegTech adoption can enhance the competitiveness of the UK financial services sector and make it a safer and stronger place to do business.
Download the full report HERE.
We are back with more opportunities to share with our RegTech community for the month of August.
If you have a major event that you think would be valuable to share with our community, please reach out to us HERE.
In this edition:
1) RTA ProgramsCatch up on virtual events you missed or register for upcoming events.
2) RegTech JobsGreat opportunities if you're looking for work in the RegTech industry
3) Publications Great reads to add to your bookshelf
4) RTA Board NominationsNominations to join our board of directors will open soon
5) RTA Sponsored Programs Opportunities for brand exposure
6) Finance Magnates Pacific SummitThe premier event for the retail investing industry and fintech community at large
7) AIMA Innovation Daylearn about leveraging innovative solutions to boost efficiencies and stay ahead of the curve
8) IntersektExamining, discussing and unlocking the potential of Australia’s Fintech market
9) Fintech Global RegTech Summit NYCThe largest gathering of RegTech leaders & innovators in the US
10) City of London RegTech Forum Leaders, regulators, and technology experts explore the latest trends and innovations in regulatory technology
11) AUSTRADE South East Asia Expansion ProgramAustrade is supporting Australian companies in AI, cyber and digital health looking at expansion in Singapore and Malaysia
1) RTA Programs
You can catch-up on all the virtual events you missed HERE. Some highlights are linked below:
Register for upcoming events:
Want to stay on top of global events? Don't forget to login to our global events calendar (members only).
Not a member? learn more HERE.
2) RegTech Jobs
Looking for work in RegTech? Check out these opportunities:
3) Publications
Fintech Regulation in Practice by Maha El Dimachki A clear, hands-on guide to the practical considerations that fintechs, banks adopting fintech and other key players in the fintech ecosystem need to take into account when embedding regulation.
Get your copy HERE.
Money in the Metaverse by David Birch and Victoria Richardson What is the potential for financial services in metaverses? Explore the key technologies needed to make these metaverses useful for businesses and the realities in which digital assets will be exchanged in transactions between online identities.
One Stop by Neha Mehta Unlocking the power of super apps: A journey through history, culture and innovation.
Good Regulation - Getting the best from regulation for the benefit of the UK economy and society by Institute of Regulation Based on insights from over 150 regulatory professionals, this research uncovered concerns from regulators to play an active and positive role in strengthening relationships between regulators and parliament, government, and the public.
Download the report HERE.
4) RTA Board Nominations
Bring your insights and expertise to our board of directors. We will be opening nominations soon. If you would like to be involved in the future direction of the association look out for the email and get your nomination in.
Kindly note, you must be a financial member to nominate.
5) RTA Sponsored Programs
In-person #RegTechMatters Sponsor and co-host an in-person roundtable focused on a topic that is relevant to your organisation and tap into our network to invite the right people.
#RegTechEdgeNoBorders Co-brand a risk area, share your thought leadership by presenting an overview, and convene the RegTech companies.
If you are interested in either of these opportunities, reach out to us HERE.
6) Finance Magnates Pacific Summit
Explore the latest in online trading, fintech, payments, and crypto. Connect, learn, and grow with industry leaders at this premier event with international coverage. Don't miss out!
Get Your FREE Pass HERE.
Date: 27 – 29 August 2024 Location: ICC Sydney, Australia
7) AIMA Innovation Day
This one day event in London will be devoted to the way in which digital innovation and technological advances are shaping the global alternative investment industry, covering everything from trading and execution, through to asset raising, data security and regulatory compliance.
For more information and to register visit HERE.
Date: 4 September 2024 Location: Convene 22 Bishopsgate, London EC2N 4BQ
8) Intersekt
Australia’s largest fintech festival, Intersekt 2024, will be taking place on 18-19 September at the Grand Hyatt, Melbourne!
Participate in a gathering of 1200+ Australian and global fintechs, banks, financial institutions, investors, policymakers, regulators, accelerators and advisors with the intent of examining the opportunities and challenges of the Australian fintech market.
Visit intersektfestival.com for more information and secure your spot today.
Date: 18 – 19 September 2024 Location: Grand Hyatt, Melbourne, Australia
9) Fintech Global RegTech Summit USA
The largest fathering of RegTech leaders & innovators in the US
Attend to connect with RegTech buyers, sellers, investors, and innovators. Experience industry innovations that address regulatory challenges and enhance compliance and risk management efficiency. And learn how financial institutions tackle compliance challenges and gain a competitive edge through collaborations with RegTech innovators.
Register HERE.
Date: 24 September 2024 Location: Convene, 117 West 46th Street, New York, USA
10) City of London RegTech Forum
City of London and Suade Labs are running their annual London RegTech Forum that brings together industry leaders, regulators, and technology experts to explore the latest trends and innovations in regulatory technology.
Date: 2 October 2024 Location: Livery Hall, Guildhall, London, EC2V7HH
11) AUSTRADE South East Asia Expansion Program
There is a growing base of interest and demand for Australia’s AI, cyber, and digital health capabilities in Malaysia and Singapore. This mission provides delegates with curated business matching, pitching, site visits and networking events. Delegates will also participate in Tech Week Singapore (9-10 October) under the Australian National Pavilion.
Register your interest HERE. Applications close 20 August.
Thanks for the ongoing support. If you'd like to learn more about membership with The RegTech Association, please click HERE for more information, or reach out to us at members@regtechglobal.org.
CONNECTING THE FUTURE OF FINANCE ACROSS CONTINENTS
The Finance Magnates Pacific Summit (FMPS:24), is coming to Australia!
Are you looking for the next big B2B and B2C event in the Asia-Pacific region in 2024? Look no further than the Finance Magnates Pacific Summit (FMPS:24), coming to Sydney Australia on August 27-29. As a premium summit organized by FMevents, attendees can expect the industry’s top talent, speakers, and names, complete with networking opportunities and plenty of entertainment!
FMPS:24 will be taking place at the International Convention Centre (ICC) in Sydney, Australia, one of the country’s leading venues for conventions, exhibitions, and entertainment. The summit will aim to bring together businesses and individuals, offering priceless networking opportunities for emerging and established businesses in financial services to build meaningful connections, explore innovative possibilities, and showcase their products and services.
In addition, the event will retain a heavy focus on the B2C trading space, providing an informative hub for traders and financial markets enthusiasts to connect with leading online brokers, and experts for insights into online trading.
Agenda and SessionsWith a lineup of over 80 thought leaders from across the financial sector, FMPS:24 promises to deliver expert speaker sessions and workshops, providing knowledge and valuable insights. Attendees will have the opportunity to connect with industry leaders, innovators, and policymakers, and explore new business expansion and investment opportunities in the APAC region.
Speakers and PanelistsAttendees will have the opportunity to gain practical knowledge through sessions led by experts such as Nicholas Briscoe, Country Manager at Australia Visa Cross-Border Solutions, Vakul Talwar, GM AU and Global Head of Product - Trading, Onboarding, Commerce at Crypto.com, Mario Singh, Founder and Chairman at Fullerton Markets, Shannon Scott, SVP, Global Head of Product at Airwallex, Andrew Ralich, CEO & Co-Founder at oneZero, Sophie Gerber, Co-CEO I Director at TRAction Fintech I Sophie Grace, Marcus Fetherston, General Manager, Prop Trading Services at Blueberry Markets Group, Daryl Teo, Co-Founder & Chief Investment Officer at CoinClan and many more.
Agenda and SessionsAttendees can expect an immersive experience at the Centre Stage, featuring thought-provoking conversations and transformative ideas that will shape the event. The Exchange Zone provides an exclusive haven for trading education and analysis, offering valuable insights to traders under the guidance of experienced speakers.
FMPS is all about content, as indicated by a curated track of panels, workshops, sessions, and much more. Each content vertical mentioned above will be explored at length, followed by such notable topics as the future of financial services in APAC, the impact of AI both within companies and in offerings to investors, a survey of the Aussie fintech landscape and talent pool, and more, as headlined on the upcoming agenda.
Who is FMPS:24 for?
FMPS will aim to attract several different types of industry participants. Look for recognizable brands, as well as plenty of brokers, service providers, IBs and sophisticated traders on-site. FMPS will cater the online trading, fintech and blockchain verticals. We are expecting over 100 leading speakers, some of the most-trusted brands, and over a thousand high-level attendees. The resulting atmosphere will reflect an invaluable opportunity for engagement, connections, and networking.
Sponsors and PartnersFMPS will be spotlighted by the biggest brands in the B2B and B2C sides of the fintech industry. This starts with world-leading brokers such as Pepperstone, Saxo, Avatrade, Equiti, and innovative technology providers such as B2Broker, OneZero, FxCubic, Match-Trade and many more. The summit will also serve as a hub for actionable insights, a future outlook on each industry vertical, and a chance to show off each other's wares.
Why Attend FMPS:24?● Exclusive Insights: Hear from influential speakers like Nicholas Briscoe, Country Manager, Australia at Visa Cross-Border Solutions, Vakul Talwar, GM AU and Global Head of Product - Trading, Onboarding, Commerce at Crypto.com
● Diverse Networking: Connect with industry leaders, from executives at Visa, Pepperstone B2Broker, ATFX, AC Capital etc
● Dynamic Sponsors & Exhibitions: Access the latest innovations from across the globe in Sydney.
● Expert Speaker Session and Workshops: Gain practical knowledge through sessions led by industry experts at the Center Stage and Exchange Zone.
One of the event highlights includes the Opening Networking Blitz on August 27, where participants can kick off the event by mingling with others and setting the stage for the next two full days of the exhibition.
Who will be at FMPS:24?FMPS:24 will cover a total of four industry verticals: online trading, crypto, payments, and fintech. A curated content agenda and immersive experience was tailored for businesses and individuals with the goal to provide a platform for new business opportunities and knowledge sharing.
Prospective attendees can expect to engage, network, and connect face-to-face with Forex/CFD Brokers, Institutional Brokers, Affiliates & IBs, Traders & Investors, Educators & Market Experts, Fintech & Payments Brands, Crypto & Digital Assets Businesses, Technology & Liquidity Providers, Press/Media, Regulators, Start-ups Investors/VCs
Registrering & AttendingNo matter if you're a company looking for partnerships or an individual seeking to advance your trading journey, this event offers valuable insights and the chance to become part of a growing global community.
Registration for the Finance Magnates Pacific Summit 2024 is open, with online registration and onsite registration available at the International Convention Center ICC during exhibition dates, May 20-22, 2024.
Don't miss this opportunity to be part of Australia’s leading financial summit.
See you in Sydney this August!
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Testimonials from previous FMevent AttendeesAttending FMLS is like condensing 20 business trips into one. The networking opportunities are unparalleled, not just during the event but throughout the entire week as attendees from around the world converged. It's the perfect platform to connect with people from diverse backgrounds and regions.
Drew Niv CEO, TraderTools
Over the past decade, FMLS has evolved significantly from focusing solely on FX to incorporating CFDs on stocks and cryptocurrencies, making it a much broader and diverse event. With a larger number of firms and participants, the benefits have multiplied. From networking opportunities to observing industry trends and dynamics, attending FMLS has been an enriching experience.
Dan Moczulski Managing Director, eToro
About FMevents & Finance Magnates GroupFinance Magnates Group is the leading source for financial news, events, analysis, and research. The group includes several marquee brands, each servicing a different niche in the financial services industry.
Finance Magnates is composed of a skilled team of editors and researchers that deliver accurate, up-to-date information, breaking news, media, and latest trends in the financial industry. The team’s high quality content is focused on fintech, online trading, payments & banking, crypto, blockchains, and the technology that drives them.
FMevents organises premium events in financial services in London, Sandton and Sydney. This includes leading B2C and B2B expos covering the online trading, fintech, payments, crypto, and blockchain space. These events attract a global audience, drawing thousands of attendees, leading companies, brands, and experts.
For Media Inquiries, Contact:Finance Magnates Group Marketing at marketing@financemagnates.com
Recording Insights customers benefit from increased efficiency and user-friendliness
Hösbach, Germany – July 31, 2024 – ASC Technologies, a leading provider of communication recording and analytics solutions, is excited to announce the availability of the Copilot integration for Recording Insights. Developed as part of the Microsoft 365 Technical Adoption Program (TAP), this plugin positions ASC among the first companies to enable access and control of the recording and AI data analytics solution via Copilot.
The designated plugin enables users to run recordings and functionalities of Recording Insights via Copilot. The Copilot plugin for Recording Insights offers numerous advantages for users:
Gerald Kromer, CEO of ASC, comments: "Participating in the Microsoft Copilot Private Preview Program has been a significant step for ASC. Our customers will benefit from the seamless integration of Copilot technology, enhancing their efficiency and productivity. We are proud to be at the forefront of technological innovation in collaboration with Microsoft, offering our customers top-tier solutions."
He adds: "Integrating Copilot with our Recording Insights platform allows us to offer an even more intuitive tool for our users. This highlights our commitment to continuously investing in advanced technologies to best meet our customers' needs."
About ASCASC is a worldwide leading provider of software and cloud solutions in the field of omni-channel recording, quality management, and analytics. Among our target groups are all companies that record their communications, especially financial service providers, contact centers, and public safety organizations. We offer solutions for recording as well as AI-based analysis and evaluation of all communications – with full flexibility as a cloud service, on-premise or as a hybrid solution. Headquartered in Germany with subsidiaries in 13 countries and experienced system integration partners in over 60 countries, ASC is the #1 Europe-based player in its industry.
ASC Technologies AG Anna Lederer Head of Marketing Email a.lederer@asc.de Seibelstraße 2-4 | 63768 Hösbach | Germany www.asctechnologies.com
The Institute of Regulation (IoR) board today released some new research ‘Good regulation – getting the best from UK regulation for the benefit of the UK economy and society’.
Based on the perceptions of over 150 regulatory professionals and experts, this research uncovered three shared opportunities to drive further improvement in UK regulation:
Supporting the conditions for agility and innovation in regulation.
Promoting consistency and coherence in legislative frameworks and regulatory mandates.
Building trust in regulation.
This new research report from the Institute of Regulation sets out three clear ways in which the UK regulatory system can respond to these shared opportunities:
UK regulators need to continue to innovate, moving forward and building a deep understanding of both the public and their interests, and the industries they regulate. Regulators need to continue to find new ways to minimise regulatory burdens, while promoting and securing the interests of those on whose behalf they regulate.
Government needs to continue to provide the right enabling support. Government sets the terms and conditions by which regulators regulate. Regulatory frameworks that are up-to-date and fit-for-purpose, and sufficient funding or the ability to raise proportionate fees are vital to high quality regulation.
Parliament, the Institute of Regulation and others can build growing trust in regulators and regulation. Mutual trust matters. Regulation and regulators are more effective and efficient in an environment of transparency, candour and mutual trust. We all need to work together to build trust in regulation.
The research also found a number of perceived areas of strength, of which UK regulators are proud, these include:
UK regulators have a deep understanding of the sectors they regulate and value the strong relationship with those sectors. This enables them to achieve high quality outcomes for users, consumers and industries.
UK regulators operate with the highest standards of integrity and ethics, drawing intelligently on evidence and research.
UK regulators are pragmatic, alert to emerging challenges such as AI and proactive in working together to meet them.
Chair of the Institute of Regulation, Marcial Boo, said:
‘Good regulation is important for the UK. It enables businesses to thrive and innovate and public services to be well run and improve. By creating a level playing field, preventing harm and unfairness with as few unnecessary constraints as possible, regulators not only protect consumers and service users, but enable responsible UK businesses to compete and grow without being undercut by unregulated cowboys. Good regulation is a public good from which everyone benefits.
Improving regulation is also a cost-effective way to stimulate economic growth and improve public services. Good regulatory regimes give business confidence that they can invest and build public trust in the goods and services they receive.
The Institute of Regulation, the sector's professional body, has drawn on the views of its members to set out what good regulation looks like: as few burdens as possible, a focus on improvement, proportionate interventions when necessary, and the public interest at its heart.
The Institute will continue to support the sector to improve, and, with its members, work with the incoming UK government to bring benefit to the economy and public services by helping regulators to make their regulatory regimes as efficient and effective as possible.’
Research lead, Will Taylor, said:
‘It’s been a great pleasure to undertake this research and to hear from such a broad range of impressive regulators in the UK. This paper draws together those insights into some key opportunities, but there is so much more to learn from each other. I’m looking forward to working with the Institute of Regulation to develop the conversation on how we can make the most of regulation in the UK.’
Researcher, Matthew Purves, said:
‘Carrying out this work, I’ve been struck by how much knowledge, strength and experience there is in the network of UK regulators that the Institute of Regulation draws together. We face many common challenges and opportunities. I am excited about how, working together, regulators can share solutions to problems, innovate and support UK growth.’
Good regulation – getting the best from UK regulation for the benefit of the UK economy and society
Who is the Institute of Regulation?Institution of Regulation (IoR) is a membership organisation. We’re a professional network, providing professional development in regulation and promoting good practice in regulation. We believe good regulation is essential for a thriving economy and society. We aspire to become the home of good regulation.
Institution of Regulation (IoR) established as a membership organisation in 2021.
Today we’re a thriving professional and expert community:
over 550 regulatory experts in our membership network
over 35 corporate members, regulators based in the UK and Channel Islands
over 150 individual members
a rapidly growing network of affiliate members from business and third sector organisations
Institute of Regulation grew from an informal network of non-financial regulators, who began meeting in 2019. We are a charitable not-for-profit company, registered with Companies House (13628098) and are currently applying to the Charity Commission for charitable status.
For further information, please contact info@ioregulation.org or Louisa Dale, director@ioregulation.org.
Arctic Intelligence, a leading provider of innovative solutions for enterprise-wide financial crime risk assessment, proudly announces its referral partnership with Jade ThirdEye. This collaboration enables customers to benefit from Arctic Intelligence’s AML Accelerate Platform and Risk Assessment Platform solutions, which complement Jade ThirdEye's software, creating a comprehensive solution for financial crime risk management.
Arctic Intelligence and Jade ThirdEye work together to bring best in class technologies to our respective customer and partner bases. Arctic Intelligence’s risk assessment platforms help regulated businesses to identify and assess their risks and vulnerabilities offering a clear view of potential threats. Building on this foundation, Jade ThirdEye's software equips organisations with the tools needed to effectively manage and mitigate identified customer and transaction related risks. This complementary approach ensures that organisations are not only aware of their risk landscape but are also empowered to take proactive measures to safeguard against financial crime.
Arctic Intelligence offers a range of solutions designed to help regulated businesses, regardless of their size, industry sector, or geography, identify, assess, mitigate, and manage financial crime risks. Their AML Accelerate Platform guides small and medium-sized businesses in conducting money laundering and terrorism financing risk assessments. Their Risk Assessment Platform, tailored for larger enterprises and consultants, provides the flexibility to customise methodologies and risk and control models.
By automating the end-to-end workflow of transaction monitoring, customer screening, case management, and regulatory reporting, Jade ThirdEye enables organisations to efficiently meet their compliance obligations. This comprehensive functionality ensures that organisations can proactively manage their compliance requirements and effectively mitigate risks identified through Arctic Intelligence’s risk assessments.
"We are thrilled to partner with Arctic Intelligence," said Mike Rae, Head of Growth of Jade ThirdEye. "Their expertise in risk and financial crime risk assessments complements our technology perfectly and is a key element for customers before they look to create operational efficiencies through Jade ThirdEye AML automation. Together in partnership we will offer wider compliance capabilities to our clients."
"We are excited to join forces with Jade ThirdEye," said Anthony Quinn, CEO & Founder of Arctic Intelligence. "This partnership leverages the strengths of both companies, providing us the opportunity to introduce our clients to other innovative RegTech providers. Together, we are enhancing the compliance landscape, making it smarter and more efficient."
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About Arctic Intelligence
Arctic Intelligence is a multi-award-winning regulatory technology (RegTech) business that specialises in audit, risk and compliance software related to financial crime compliance and risk management.
Our platforms are designed to help regulated businesses regardless of their size, industry sector or geography to identify, assess, mitigate and manage financial crime risks.
Our AML Accelerate Platform was designed to guide small and medium-sized businesses in over 30 financial and non-financial industry sectors and over 50 countries to easily conduct money laundering and terrorism financing risk assessments, while enabling the evaluation of the design and operation effectiveness of their controls, facilitating the creation of effective AML/CTF Program/Policy.
Our Risk Assessment Platform was designed primarily for larger enterprises, as well as the consultants that assist them, by offering the flexibility to customise methodologies and risk and control models. We help organisations to seamlessly transition from manual spreadsheet-based approaches through digitisation, and support them on their journey towards fully automating business-wide financial crime risk assessments. Our subject matter experts have developed a suite of financial crime and non-financial crime risk domains, containing hundreds of risk indicators and corresponding controls or you can bring your own.
We’ve helped hundreds of companies strengthen their defences against financial crime and our innovative team has been widely recognised as thought leaders in this space.
Compliance. The smart way.
About Jade ThirdEye
Jade ThirdEye is a secure SaaS AML software that enables organisations to efficiently meet their compliance obligations through automating the end-to-end workflow of transaction monitoring, customer screening, case management, and regulatory reporting. With offices based in Australia, New Zealand and the United Kingdom, they support reporting entities across industries around the globe for over a decade, and are deeply committed to providing a first-class AML solution. For more information, please visit www.jadethirdeye.com.
Jade ThirdEye was developed by Jade Software, a development house with over 40 years of expertise. Jade's operating divisions work collaboratively to design, build, test, deliver and support smart technology solutions for our customers around the world. Jade is part of the Skipton Group, that includes Skipton Building Society, Skipton International, Connells Group and Skipton Business Finance, enabling global collaboration alongside local expertise and support. For more information, please visit www.jadeworld.com.
Expression of interest to join the Fintech and Cyber Security MISSION 2024 to INDIA!
Australian Government is proposing a dual stream mission (Fintech & Cyber Security) from the 26th –30th August. Both Fintech & Cyber Security Companies will benefit from this mission.
It is centred around the Global Fintech Fest (28th – 30th Aug). The Global Fintech Fest (GFF) is one of the largest fintech conferences, organized annually by the Payments Council of India (PCI), the National Payments Corporation of India (NPCI), and the Fintech Convergence Council (FCC). Global Fintech Fest 2024: The Premier Fintech Event of the Year
We invite your participation to embark on this journey to gain a better understanding of the Indian Fintech and Cyber Security market, engaging with private and government stakeholders shaping the sector, building partnerships, and diversifying their markets and lastly but not the least, experiencing the rich tapestry of Indian culture. The registration closes on 20th July.
Register Here
Benefits for the companies participating at Fintech & Cyber Mission 2024 include:
There will be a fee package ranging between A$1000 to be part of the official business program. This fee covers one representative from each company and includes one delegate pass for the Global Fintech Fest 2024.
Contact us:Nandini Saxena - Nandini.Saxena@austrade.gov.auNeeraja Rao - Neeraja.Rao@austrade.gov.au
Recordsure is proud to launch its new AI meeting notes solution, which is available free of charge to all Recordsure clients. This new feature allows financial services firms to turn their client conversations into compliant, actionable summaries – all achievable 80% faster than traditional manual admin methods allow. To celebrate this milestone, Recordsure is also releasing open-source AI meeting code for Microsoft Azure OpenAI to everyone for free, levelling the GenAI meeting notes playing field.
The financial advice industry has been subject to intense scrutiny from clients and regulators, with firms under increased pressure to deliver advice with greater transparency.
Recordsure AI solutions play a major part in helping advice firms to record client conversations and evidence advice in a compliant manner – whilst providing tools to improve productivity and speed up client admin processes.
With Recordsure AI meeting notes, firms can now increase their operational efficiencies and create meeting summaries 80% faster, freeing up valuable time for advisers to spend with clients.
Recordsure AI meeting notes
The new, free Recordsure AI meeting notes solution significantly reduces the time advisers need to spend on admin tasks, increasing a firm's profitability without scaling up the team.
By eliminating the need to write notes in meetings, Recordsure AI reduces post-meeting admin tasks for the adviser and paraplanner. It seamlessly integrates with practice management systems and helps firms create well-structured, standardised meeting summaries with superior consistency and accuracy.
AI meeting notes must be validated by a human if used for decision-making and evidence
Since the introduction of GPT-based large language models (LLMs) two years ago, a significant number of AI-generated meeting note solutions have been introduced to the market, with various levels of output potential and ‘future’ capabilities.
If an advice firm wants to use AI-generated meeting notes for decision-making or as evidence, the meeting notes have to be validated by a human (an adviser or a paraplanner).
Yet many of the GenAI meeting notes solutions currently available leave advice firms with incomplete, inaccurate meeting summaries – and outputs unsuitable for use in client advice.
What’s more, firms are left out of pocket, while the current cost price to generate an industry-specific, topic-separated meeting note with the secure OpenAI GPT models hosted on Microsoft Azure, is only about 1.6p (GBP) or 2¢ (USD) per hour of transcript.
That’s why Recordsure is making AI meeting notes accessible to all for free.
Recordsure AI meeting notes, free to all clients
Recordsure AI meeting note generation is now included within Recordsure’s Capture solution for recording face-to-face and online conversations, bundled for free with conversation transcripts.
Clients that are using Recordsure’s more advanced ConversationAI tools get higher quality outputs and sophisticated solutions to efficiently verify meeting notes – turning client conversations into compliant, actionable summaries, suitable for decision-making – again, at no extra cost.
Recordsure’s ready-to-use AI technology is rapid to deploy and offers seamless integration with Practice Management Systems. Recordsure has over 12 years of experience with AI, established with advice firms, tier 1 banks and the UK government.
Open-source AI meeting code, free to all firms
Recordsure released its open-source AI meeting code for Microsoft Azure OpenAI to everyone, to allow firms to experiment with generating AI meeting summaries and explore the abilities and drawbacks of unvalidated GenAI meeting notes tools for free.
For full disclosure and transparency, the AI meeting generator code provided (as should any GPT-based AI meeting note products from any vendor) comes with the disclaimer that a human must verify the output before relying on its content for customer or advice action. This is in line with the Recordsure Responsible AI policy,the UK GDPR and the EU AI Act policies.
Recordsure’s open-source code for GPT-based AI meeting notes is available on Github(https://github.com/tccgroup/VTTMeetingNoteGenerator)
For more information about Recordsure AI meeting notes, view here.
(https://recordsure.com/conversation-review-ai/recordsure-ai-meeting-notes)
For more information about GPT-based summaries and AI technology, view our article The 2¢ AI Summary Meeting Note, here.
(https://recordsure.com/responsible-ai/)
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Recordsure’s AI solutions, built on industry-leading expertise, have been designed to help firms drive new, improved operational efficiencies, embed processes, and strengthen compliance. Recordsure AI allows firms to identify and address risks to ultimately prevent consumer harm, improve customer care, and deliver better customer outcomes. Comprising of unique conversation and document analytics solutions, Recordsure AI captures, reviews, and analyses client interactions, whilst using the most advanced AI for authoritative, trustworthy outcomes. The proprietary AI was developed by industry experts with a deep understanding of AI and machine learning technologies and has been evolving for over a decade, embracing client input and technological advances. Recordsure AI is a proven, ready-to-use AI technology focused on rapid client deployment – backed by 12 years of experience delivering AI solutions to advice firms, tier 1 banks and the UK Government.
https://recordsure.com
Contact: Hana Shackleton, Head of Marketing, hana.shackleton@recordsure.com
Reinvigorating the Australian Cyber Security Market: Following a successful 10 years of growth, Infotrust launches new branding as Australia's Leading Managed Cyber Security Services Provider which incorporates the 10+ years of experience that Intalock brings to the Australian market. With over 650 customers and $75m revenue across mid-market and enterprise, the freshly launched Infotrust will pursue growth opportunities within both public and private sectors, offering a complete suite of cyber security products, services, and solutions.
Sydney, Australia – [Monday, 1st July 2024] – In an era where cyber threats are increasingly sophisticated and relentless, Australian businesses demand unparalleled protection to safeguard their digital assets. Enter Infotrust, an agile Managed Cyber Security Service Provider poised to transform the cyber security landscape with its cutting-edge Security Operations Centre (SOC) and a team of over 110 seasoned experts, with a history of protecting a customer portfolio with combined revenues in excess of AUD $21 billion dollars per annum.
The launch is the result of the 2024 merger of Intalock and InfoTrust and the culmination of a long-range strategic plan to provide Australia’s premier cyber security services. InfoTrust was acquired by Spirit Technologies to merge into its cyber security division to form a new business. The scope and positioning are to enhance this dynamic industry by providing unparalleled sovereign security capability that support organisations’ securely deliver their digital transformation goals.
Why Infotrust Stands Out:
Expertise and Experience: Infotrust boasts a formidable team of cybersecurity professionals with decades of experience in securing some of Australia's largest enterprises. Its experts have a deep understanding of the unique threats faced by Australian businesses and are adept at devising robust security strategies with specific focus of Offensive Security and Governance, Risk Management, and Compliance (GRC).
Comprehensive Security Solutions: As an agile cyber security provider, we have significantly enhanced Australia’s sovereign capability and expertise through our world-leading SOC, based in Australia. Infotrust SOC operates 24/7 to provide continuous monitoring, threat detection, and incident response. It leverages advanced technologies and methodologies to ensure our customer's digital environments are resistant to attack.
Proven Track Record: With a history of protecting a customer portfolio with combined revenues in excess of AUD $21 billion dollars per annum, Infotrust has a proven track record of delivering exceptional security outcomes. This customer list includes some of the biggest and most trusted Australian brands who have been loyal customers for years and rely on us to protect their critical assets and reputations amid uncertain times and emerging threats.
Commitment to Innovation: Cyber threats are constantly evolving, and so are we. Infotrust is committed to staying ahead of the curve through continuous innovation and investment in the latest cyber security technologies and practices including AI and automation tools and solutions.
Local Presence, Global Standards: As a homegrown Australian company, we understand the local market and regulatory requirements. Our services are tailored to meet these needs while adhering to global cyber security standards, providing our customers with the best of both worlds.
What We Offer:
24/7 Monitoring and Threat Detection: Our SOC provides real-time surveillance of your digital assets, ensuring threats are identified and mitigated promptly.
Incident Response and Remediation: In the event of a breach, our team springs into action to contain the threat, minimise damage, and restore normal operations swiftly.
Risk Management and Compliance: We help businesses navigate the complex landscape of cyber security regulations and ensure compliance with industry standards.
Tailored Security Solutions: Understanding that no two businesses are alike, we offer customised security solutions that address the specific needs and vulnerabilities of each customer.
CEO of Infotrust, Simon McKay " We have united two outstanding Australian cyber organisations into one formidable team with a turnover of $75m and over 110 cyber experts. Our focus will remain on helping customers improve their cyber maturity through innovative solutions coupled with exceptional capability and high quality of service.
With 650 customers across all industries, we’re well positioned to bring experience and expertise in their field to help them improve their cyber posture.”
For more information, visit our website at www.infotrust.com.au
About Infotrust:Infotrust is Australia's premier Cyber Security provider listed on the ASX, as the largest part of the Spirit Group (ASX.ST1) with a state-of-the-art Security Operations Centre and a team of over 110 cyber security experts, we deliver comprehensive security solutions to protect Australian enterprises from evolving cyber threats. Our commitment to innovation, expertise, and customer-centric approach sets us apart in the cyber security industry.
Pattigrace Lupari Group Head of Marketing Spirit Group 0406315335 Pattigrace.lupari@spirit.com.au www.spirit.com.au
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