• 14 Nov 2023 1:02 PM | Anonymous

    Introducing Tiimely - it's about tiime

    Adelaide, 14 November 2023 - Platform technology company, Tic:Toc, today unveiled its rebrand to Tiimely, in a move designed to better reflect how the company’s AI-driven technology solutions can be integrated into any financial assessment processes.

    Tiimely, spelt with a double ii, elevates the company’s Enterprise business as Tiimely’s core proposition and demonstrates to the finance and technology industries ‘it’s about tiime’ for more efficient, responsible and seamless lending processes.

    Since launching in 2017 as the World’s First Instant Home Loan®, the business has evolved significantly from a digital lender to a platform technology company, with the Enterprise business accounting for more than 40% of revenue in FY23 and enabling 3% of Australia’s total home loan market. The platform is now licensed by two of Australia’s biggest banks, as well as two ASX Top 100 listed companies, fintechs, and brokers.

    Tiimely’s Founder and CEO, Anthony Baum, says, “Since day one, we’ve been on a mission to accelerate the financial services industry. We started with changing the way Australians complete a complex financial transaction - a home loan - and after six years, we remain committed to the pursuit of seamless experiences. Our partners choose us because our platform technology solutions create better customer experiences, drive efficiency, remove costs and accommodate scale, whilst delivering more responsible credit outcomes. That won’t change no matter what our name is.

    “Of course, Tiimely also responds to confusing associations from sharing the name Tic:Toc with a certain social media app. While our trademark proves we came first, the rebrand provides the room to focus on our platform business model without mis-categorisation or distraction.”

    The Tiimely platform, Xapii, pronounced “zappy” provides API-first solutions powered by Explainable AI (XAI). Tiimely now has four key solutions, Convert, Decide, Fulfil and Inform, which can be utilised across multiple use cases including mortgages, auto finance and hardship.

    AI-driven data enrichment and decisioning can be interacted with via Xapii’s user interface to enable acceptance or edits to the platform’s recommendations, which it then continuously learns from. This enables an 80% increase in assessment efficiency compared to traditional processes, producing more than 5 million automated assessments in the last year while maintaining rigorous compliance standards that can be configured into the platform and are fully auditable.

    Xapii can be accessed as either API-first software solutions to solve for discrete problems across a financial journey or as an end-to-end platform (PaaS) including professional services. In return, Enterprise clients can access new markets with automation enabling an improved cost to income, while borrowers can access low-cost products via seamless digital experiences.

    Following the close of its Series-D2 capital raise in February 2023, the company is now valued at ~$254m.

    About Tiimely, formerly Tic:Toc

    Tiimely is a technology company specialising in making financial assessment processes more efficient, cost-effective and responsible. Tiimely’s business is underpinned by its proprietary AI-driven platform, Xapii, powered by sophisticated data models to enable configurable data enrichment and automation.

    The platform can be licensed as an end-to-end digital home loan or via discrete software and API solutions that can be utilised across any financial services journey. The platform now touches 3% of the Australian mortgage market and is licensed by two of Australia's biggest banks, ASX Top 100 listed companies, fintechs, and brokers as well as its own in-house retail business Tiimely Home.

    Media queries

    The PR Group: l +61 457 596 920

  • 9 Nov 2023 8:42 AM | Anonymous

    In the latest episode of our FinTalk by VERMEG podcast, Deborah Young, CEO of the The RegTech Association, joins our host, Jawad Akhtar, to delve into the importance of trust and collaboration in the RegTech industry.

    In this engaging conversation, key points of discussion include:

    • Deborah's Passion for RegTech: How RegTech fosters trust in financial institutions and other regulated industries.
    • The Power of Collaboration: The significance of cooperation among regulators, institutions, software vendors, and government within the RegTech ecosystem.
    • The Role of the RegTech Association: The Association's mission to improve communication and collaboration in the industry.
    • Regulation's Impact on Industry: The importance of regulators staying informed and open to technological advancements in RegTech.
    • Innovation in RegTech: The role of internal alignment in embracing innovation within institutions.
    • Cross-Sector Application of RegTech: The potential of RegTech to address various societal issues, such as digital identity.

    Listen Online HERE

    Join in this insightful conversation with Deborah Young about the role of trust, collaboration, and innovation in shaping the future of RegTech. Share and contribute your thoughts to this crucial dialogue.

  • 6 Nov 2023 10:04 AM | Anonymous

    The Reserve Bank of India had announced vide Press Release dated September 5, 2022 that the Fifth Cohort under the Regulatory Sandbox (RS) will be theme neutral. It now announces opening of application window for the Fifth Cohort to eligible entities.

    2. Innovative products/ services/ technologies cutting across various functions in RBI’s regulatory domain would be eligible to apply.

    3. The application for the Fifth Cohort may be submitted from October 30, 2023 to November 30, 2023. A scanned copy of the application together with enclosures (maximum size 10 MB), may be forwarded through email.

  • 2 Nov 2023 9:44 AM | Anonymous

    Global conduct risk and compliance technology provider MCO (MyComplianceOffice) has been named RegTech of the Year – US Region by the RegTech Association. This members-only award recognizes excellence in scale, growth, investment and contribution to the RegTech industry.

    MCO provides compliance management software that enables financial services firms around the world to reduce their risk of misconduct and maintain an ethical culture. MCO’s integrated SaaS platform lets compliance professionals demonstrate they are proactively managing the regulated activities of the company, employees and third-party relationships on a single integrated risk and compliance platform.

    “MCO is thrilled to be recognized for our innovative technology and contributions to the RegTech community” stated MCO’s Asia Pacific Director Kelly-Ann McHugh. “We are honored to be part of the RegTech Association and the work they do to champion the RegTech industry in Australia and across the globe. It was a team effort to reach this achievement. I’m so proud of our Asia-Pacific team and our entire organisation for their tireless focus on helping firms uphold their compliance obligations.”

    The RegTech Awards uphold the Association's mission to create a global center of excellence and to accelerate RegTech adoption across regulated ecosystems by celebrating the firms who have achieved the greatest industry impact over the past year. The award was announced at the association’s #ACCELERATERegTechGlobal event held at Accenture in New York.

    “We’re thankful to be acknowledged for being at the forefront of risk and compliance technology. These awards recognize the crucial role of RegTech in helping firms avoid misconduct, manage compliance obligations and maintain market integrity.” noted MCO’s Chief Revenue Officer Dave Kubersky.

    About MCO (MyComplianceOffice)

    MCO provides powerful compliance management software that companies around the world use to reduce the risk of misconduct and effectively oversee regulatory obligations. The MCO solution allows firms to address transactional and personal conflicts of interest in a single platform. It is the only fully integrated compliance management platform that uses a global company and security master dataset to identify conflicts across firm transactions (deals, research, and trades), employees, and third parties and provide evidence of regulatory compliance.

    MCO is headquartered in Dublin with offices in London, Singapore, Hyderabad, New York, Chicago and Fort Worth.

    Learn more at

    Lisa Deschamp, Vice President, Global Marketing

  • 23 Oct 2023 6:03 PM | Anonymous

    LAB Group, a leading international RegTech and Australia’s best-connected onboarding provider, is pleased to announce its successful completion of a private investment round raising up to AU$6.5 million in growth capital.

    The incoming investor, Global Credit Investments (GCI), is a leading provider of specialist private credit and tailor-made financial products. Founded in Sydney in 2015, GCI provides flexible low-dilution funding structures that enable its investee companies to transform their businesses, funds have been used by businesses to help accelerate sales and marketing and to fund international expansion strategies – to name a few. GCI has raised and deployed c.AU$1 billion to date and specialises in empowering outstanding entrepreneurs and management teams looking to transform and scale their high growth businesses.

    LAB Group was co-founded in 2010 by CEO Nick Boudrie and CTO Lyndon Webster, who retain majority stakes in the business. Since launch, LAB Group has deployed its technology across Australian and international financial services licensees, as well as businesses in other sectors, whilst establishing offices in Melbourne, Sydney, Brisbane and Copenhagen.

    Having partnered with some of Australia and the world’s most recognised and respected institutions, LAB Group’s innovative onboarding and compliance platform solves the key governance, risk and compliance challenges that regulated entities face today. GCI’s investment will support LAB Group to accelerate its business and product development activities, providing working capital to fund domestic and international growth opportunities.

    Nick Boudrie, CEO and co-founder of LAB Group, said:

    “We are delighted to welcome GCI as an investor in LAB Group. The backing of an investor of GCI’s calibre will bring LAB Group the support we need to further strengthen and scale up our team and accelerate our growth strategy. We are particularly pleased to have found a capital investment solution which will help us take our business to its next growth phase while minimising shareholder dilution.

    “Completing the GCI facility underlines the strong market position and unique capabilities that LAB Group has developed through 12 years of evolution and innovation. Our platform delivers significant advantages to LAB Group clients, encompassing a dynamic onboarding framework providing end-to-end account opening and digital workflow management, an easy-to-integrate ID verification solution validating AML, KYC, KYB, and PEP Sanctions for all entity types, and a network of global products and jurisdictions that enables the seamless consented movement of consumer profile data.

    “We look forward to a fruitful working relationship with GCI which adds value to LAB Group’s customers, integration partners, staff and investors.”

    Gavin Solsky, Managing Director & Co-Founder, from GCI, said:

    “We are excited to announce our partnership with LAB Group as they embark on their exciting growth journey. LAB Group embodies all the qualities we seek in an emerging high-growth company, from a proven product-market fit to outstanding customer metrics. With a skilled founder-management team driving their growth strategy and a substantial market opportunity supported by structural growth, we are confident in their future success.”

    Henslow Pty Ltd acted as corporate adviser to LAB Group and lead manager of the transaction.

  • 23 Oct 2023 8:56 AM | Anonymous

    London, 20th October – Encompass Corporation, the provider of the leading dynamic Know Your Customer (KYC) process automation platform, has been announced as part of  Chartis Research’s RiskTech100 list for the first time.  

    Widely considered as the most comprehensive independent study of major players in risk and compliance technology, the annual list ranks the top 100 organisations across various risk and compliance categories.  

    It is compiled by industry research and analysis firm  Chartis, using the knowledge and insights of a panel of industry experts, with representatives from household names including Barclays UK, PwC and BNY Mellon. 

    While calling out the organisations dominating the space overall, several ‘rising stars’ are also highlighted for having a unique place in the market.

    In making its debut appearance on the prestigious list, the impact of Encompass, which helps top global banks transform their KYC processes every day, is underlined. This recognition also comes hot on the heels of the organisation winning the ‘Established Trendsetter’ category of the Discover Perfect Pitch competition held during SIBOS 2023, the premier financial services event. 

    The RiskTech100, the go-to for clear and accurate analysis of the marketplace, is published within a report that delves into the industry today, featuring a broad range of vendors from across the sector.  

    Wayne Johnson, CEO and co-founder at Encompass Corporation, commented:  

    “We are proud to be included in the RiskTech100 this year. To be named on this respected list, researched and validated by independent experts, is testament to the impact of, and need for, Encompass – as well as the strides we have made in the last 12 months particularly. 

    “As we continue to grow our business and enhance our offering, accomplishments like this highlight that our work is understood, valued and, most importantly, crucial to the customers and the industry we serve.  

    “In the last decade, we have established ourselves as the leading provider of dynamic KYC automation process automation for banks and financial institutions attempting to navigate the ever-changing regulatory landscape while delivering top-class customer experience and maximising business efficiency. The need for technology like ours has never been more pressing, as more institutions look to digital transformation to enhance operations and future-proof effectively.”  

    Sid Dash, Chief Researcher at Chartis Research, added: 

    “A new entrant to this year’s rankings, Encompass is aligning itself with key industry trends. This is particularly notable in its product development, which is converging with broader automation and operationalisation trends in KYC and related areas.” 

    About Encompass Corporation  

    Encompass enables firms to deliver revenue faster, drive operational efficiency and demonstrate consistent compliance with dynamic KYC process automation. Our award-winning platform, unrivalled data connections and industry  expertise help clients to create and  maintain real-time digital risk profiles of everyone they do business with.  

    Our customers include leading global banks and financial institutions, including Wolfsberg Group members. We have strategic alliances with a range of trusted data, technology and consulting partners, enabling a seamless integration of Encompass into existing workflows and systems.

  • 17 Oct 2023 11:41 AM | Alison Shapiera (Administrator)

    AUSTRAC recognises that RegTechs play an important role in assisting our reporting entities to meet their AML/CTF obligations. In collaboration with the RegTech Association, they are running the AUSTRAC RegTech Symposium 2023 on 1 November in Sydney. 

    The objective of this Symposium is to allow RegTechs to hear from AUSTRAC and administrators on AML/CTF obligations and the challenges reporting entities face in complying with them. The symposium will have a specific focus on transaction monitoring programs and quality reporting.

    You can express your interest HEREPlease note, attendance confirmation is subject to approval. This is not an opportunity to market a product or gain endorsement from AUSTRAC, and any advice provided is general in nature.

  • 16 Oct 2023 11:38 AM | Anonymous

    "In such an important time for our industry, witnessing RegTech playing a key role in the SIBOS community evidenced the progress that has been made, and how much potential there is yet to be realized."

    Read: Why RegTech won at SIBOS2023 here:

  • 1 Sep 2023 9:27 AM | Anonymous

    LAB Group, a leading international RegTech and Australia’s best-connected onboarding provider, is pleased to announce that it has delivered a new integration with identity verification specialist IDVerse. 

    LAB Group’s new integration partner, IDVerse, provides best-in-class ID document verification, incorporating document scanning, fraud assessment and biometrics. Founded in Australia in 2018, IDVerse is trusted by regtech businesses, governments and global enterprises for borderless and inclusive identity verification. 

    IDVerse’s platform is now integrated with LAB’s customer onboarding solution and injects ID document verification directly into the digital onboarding journey. The integration provides a fully-automated solution which verifies new users in seconds with just their face, ID document and smartphone – in over 220 countries and territories with any ID document – without the burden of human intervention. 

    LAB Group’s new integration partner can scan, recognise and perform fraud assessment against any global photo ID, incorporating IDVerse’s pioneering Zero Bias AI platform. This generative AI technology is training deep neural network systems to protect against discrimination on the basis of race, age and gender. It is capable of recognising more of the world’s people and skin tones for more comprehensive and universal access. 

    The integrated solution is already live in market, servicing the requirement for age verification for online same day liquor orders with a large national retailer. 

    Achieving direct integration with the IDVerse platform will provide an immediate solution for LAB Group clients seeking to deliver digital age verification. This is directly applicable to customers seeking to meet the requirements of new regulatory reforms surrounding same-day alcohol delivery. However, LAB Group has identified broader applications of this technology that can add value in new contexts, particularly for those industries affected by the Tranche 2 anti-money laundering (AML) reforms which are expected to come into force soon in Australia. 

    Nick Boudrie, CEO and co-founder of LAB Group, said:  

    “We are delighted to partner with IDVerse to bring best-in-class ID document verification solutions to our customers. As LAB Group has previously led strategic integrations with IDVerse to deliver fully-automated identity and data verification, we are confident that implementing a comprehensive integration will add ongoing value to a broader set of LAB Group customers as our verification capabilities continue to evolve. 

    “As an Australian company taking home-grown technology to the world, we are proud to support IDVerse’s growth ambitions and look forward to jointly serving our customers’ onboarding and verification needs.” 

    Paul Warren-Tape, GM of APAC at IDVerse, said: 

    “We are pleased to partner with LAB Group to integrate our ID verification services with LAB Verify. As IDVerse can provide reliable authentication across every layer of identity, documentation, and point of access, it is mutually beneficial for us to combine our platforms into each other’s workflows.  

    “As global awareness of algorithmic bias continues to rise, we are proud to inspire LAB Group’s trust as we strive to remain at the forefront of a more inclusive and seamless digital landscape.” 


    About LAB Group Services Pty Ltd 
    Where welcome onboard begins. 

    LAB is a RegTech providing an innovative KYC & Onboarding platform that revolutionises the customer journey from the very first steps, fulfilling AML/CTF regulatory needs whilst saving time and resources by providing a high degree of automation for account creation and customer lifecycle management using remediation and ongoing customer due diligence processes. 

    The LAB platform welcomes tens of thousands of people into hundreds of financial product offerings across over 15 industry verticals, matching applicants with a vast array of market offerings. 

    Connect to more people in more places. 

    Connect into the LAB Network that leverages strategic partnerships and integrations to enhance product origination and distribution. 

    Hundreds of regulated entities around the globe connect through the LAB Network to accelerate customer registration, reduce onboarding time, increase security, and achieve higher completion rates.  

    The leaders in secure onboarding. 

    LAB’s continually advancing platform empowers our businesses to stay ahead of rapidly changing compliance regulations and evolving customer experience expectations. 

    Our Software-as-a-Service (SaaS) platform provides a fully compliant, end-to-end, multi product digital onboarding process. LAB seamlessly connects digital client acquisition, ID verification, biometrics, workflow management, fraud protection and compliance services on a single platform. 

    Become part of the most connected digital onboarding platform. 

    With LAB’s unmatched connectivity, we get you to market sooner through our sector-agnostic integrations and transformational data automation. 

    Discover more at  

  • 9 Aug 2023 1:51 PM | Alison Shapiera (Administrator)

    1WordFlow is now - reflecting the combination of their unique Digital Twin technology with AI and machine learning, to offer an end to end secure, digital and AI solution for all your documents.

    Read more here