Congratulations to Jill and the team from Adatree closing their funding round. This is great news for CDR and for consumers!

https://www.startupdaily.net/2021/01/consumer-data-platform-adatree-raises-1-2-million-seed-round/

The RegTech Association (RTA) announced today the appointment of three new board directors: Alex Ford – VP Product & Marketing, Encompass Corporation, Jo Mikleus – Chief Risk Officer, Latitude Financial Services, and Leica Ison – CEO & Founder, Skyjed. Effective from 1 January 2021, these new appointments add strength and experience to the current Board and will provide industry support as the Association continues to grow substantially since being established in 2017.  Read more. 

Erkan and Deborah traverse many topics including defining RegTech, accelerating adoption, the need for global collaboration, the upcoming trends and who Deborah would most like to have a drink with! Read more

At its core #RegTech aids trust & stability for the eco-system & consumers. The last 9 months have taught us that digital transformation isn't a future state. It's right now. At 9am AEDT #ACCELERATERegTech2021 opens, Re-imagine. From full stop to future. Secure your place here at 9am https://lnkd.in/gnKXUE8

Shorter, sharper & provocative content across 4 quick streams, 4 different days. No online fatigue. Just some of the best speakers in the world, delivering the best thought leadership to where ever you are. More speakers being confirmed daily. Members benefit from exclusive sessions. RegTechs, regulators, global entrepreneurs, reg. innovators, reg. entities & policy makers from a variety of industries.

17,18,24,25 March 2021. Pick and choose.

Register here: www.regtech.org.au/accelerate2021

The World Bank partnered with CCAF to jointly publish this contemporary report on the pandemic impacts on global FinTech and RegTech. We were pleased to contribute. Read more. 

Artificial Intelligence (AI) is reshaping the competitive landscape across all sectors of the economy, bringing significant business and societal benefits as well as emerging risks to people.

Recent research by the University of Queensland and KPMG shows that trust in AI is currently low in Australia. Concerns including privacy violations, unintended bias and inaccurate outcomes as well as recent high profile scandals have further reduced public trust in this technology.  

Read more here.

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.

Download a copy of the report here

Government announces today a number of measures to boost Australia's digital commitment. Read more.

Federal Government announced an $800million boost into digital to ease regulatory burdens, help FinTechs scale and help Government adopt more RegTech. Read more.