"The need for evidence based research for RegTech is paramount. To understand the breadth, size and growth of what is now a thriving, global industry is key in setting the cornerstone for trust, efficiency and productivity across not only financial services but all regulated industry verticals. The RegTech Association is pleased to have been able to support this global data collection exercise by CCAF and EY Japan." Deborah Young, The RegTech Association CEO.

See the press release
Press Release for Global RegTech Benchmarking Report (1).pdf

Download the report. 
2019-ccaf-global-regtech-benchmarking-report.pdf

At yesterday's Institute of Public Administration Q&A, Prime Minister Scott Morrison spoke about how RegTech technology could demystify the regulatory process of all three layers of Australian government. https://zd.net/2Hez4ZW

Australia is number 3 in the world behind the US and UK in terms of the concentration of RegTech product development. When combined with commitment and investment that puts us in a great position to showcase RegTech as a win for consumers and for the entire eco-system, bringing transparency, productivity, efficiency, safety and trust.

Compliance Officers: Regulatory change is the biggest ongoing challenge according to the latest Thomson Reuters Cost of Compliance report. Read more...

Our CEO, Deborah Young was interviewed by TAS_Compliance about the importance of RegTech adoption. https://tas.business/interview-with-deborah-young-ceo-regtech-association/

Michelle East from Certainty Compliance and Deborah Young, our CEO discuss the opportunities for superannuation to adopt RegTech in the AFR. More...

This week the Singapore FinTech Association announced their RegTech Sub Committee and a new memorandum of understanding with the RTA. This will strengthen and build the eco-system across the APAC region. Read more...

This move is welcomed by the RegTech Association. We know that great RegTech can make a difference in transparency of information to business decision makers across all industry verticals. RegTech is great news for consumers. Read More...

ASIC has launched three regulatory technology (regtech) events in conjunction with industry and other stakeholders to promote regtech adoption among Australian financial services organisations.

1. Monitor, identify and analyse financial advertising promotions to determine compliance (Monitoring Financial Promotions: Demo and Symposium in Sydney on Friday 2 August)
2. Improve the detection of problematic financial advice in datasets (Financial Advice Files: Demo and Symposium in Sydney on Thursday 22 August)
3. Demonstrate the capabilities, benefits and costs of applying Voice Analytics & Voice-to-Text (VA&VT) Research and Analysis to regulatory activities (VA&VT Symposium in late 2019).

https://asic.gov.au/about-asic/news-centre/find-a-media-release/2019-releases/19-108mr-asic-announces-problem-solving-regtech-events-for-financial-services-industry/

The RegTech Association exists to accelerate adoption of RegTech. Collaboration is paramount to achieving this. Read more.

Founder and CEO of Arctic Intelligence, Anthony Quinn said, “A key component of an anti-money laundering program is the risk assessment. If the risk assessment is not accurate and doesn’t truly reflect the nature, size and complexity of a business, and the systems, procedures and controls that have been implemented are not appropriate and proportionate to these risks, then the AML/CTF program will not be fit for purpose.” Read more...

https://arctic-intelligence.com/uncategorized/arctic-intelligence-warns-many-australian-businesses-may-be-vulnerable-to-financial-crime.