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. 

*Firewall*

https://www.afr.com/business/banking-and-finance/asic-gets-tough-on-regtech-20190327-p5182j

https://www.encompasscorporation.com/blog/accelerate-regtech2019-a-valuable-forum-for-australian-compliance-professionals/

MEDIA RELEASE_RegTech Awards Winners Announced.pdf

Ascent RegTech announced today the launch of an enhanced product offering that automatically delivers regulatory updates targeted to the customer and, even more critically, that shows the customer how that update affects their daily compliance tasks. The Ascent Change Management product helps customers in financial services and other industries drastically improve their horizon scanning and change management processes, thereby accelerating their path to total compliance.

https://www.ascentregtech.com/blog/ascent-regtech-launches-change-management-solution/

https://www.afr.com/business/banking-and-finance/asic-to-use-ai-to-target-misleading-advertising-20190303-h1bx8f