nTrustus, in consortia with MyCareSpace, has received a $500,000 grant from the Australian Government (represented by the NDIS Quality and Safeguards Commission) to develop a digital solution for NDIS participants and providers to connect and achieve better communication and early resolution of issues and complaints.

Read more here.

Bank Negara Malaysia (BNM) announced the winners of the Anti-Money Laundering/Counter Financing of Terrorism Hackathon 2023 which included Verifier, who won the public sector category. The Hackathon attracted over 660 participants from 140 teams, representing more than 20 countries from the Asia-Pacific region.

"Participants comprising regulatory bodies, law enforcement agencies, financial institutions, private entities and undergraduate students competed to develop prototypes of innovative digital tools to combat financial crimes. During the Hackathon, workshops coupled with mentoring sessions by 30 technology and AML/CFT experts were conducted to guide, equip and motivate the participants."

Read more here.

Now in its 7th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

Click here for more information.

The RegTech Association member Napier has been named the best KYC/AML service by WatersTechnology Asia Awards.

The award recognises excellence in the deployment and management of financial information and technology within Asia’s capital markets community.

Read more here.

The RegTech Association member LAB Group delivers international expansion through their recent partnership with IG Japan. This is the Japanese business of IG Group, a global leader in online trading with more than 400,000 clients.

Read more here.

Investment NSW is seeking Expressions of Interest for NSW fintechs who are looking to scale in Singapore and the broader ASEAN region to join them at the Singapore Fintech Festival 2023, closing at 12:00pm AEST, Sunday 30 July

Who should participate?

• Have headquarters in NSW
• Have a valid Australian Business Number (ABN) registered for NSW

Provide innovative products, services and technological solutions for the fintech industry including, but not limited to, the following areas:

• Digital financing
• Payments and remittance
• Green Financing
• Cybersecurity
• Insurtech
• Regtech
• Wealthtech

Please note that selected NSW companies may be able to participate in Austrade’s Team Australia Pavilion stand and broader program of activities during the Singapore Fintech Festival 2023.

The RegTech Association CEO Deborah Young joins Griffith Business School industry advisory board to support the work of the Academy of Excellence in Financial Crime Investigation and Compliance.

Read more here.

Alex Ford, President, North America at Encompass Corporation & Board Member The RegTech Association recently wrote on the importance of RegTech solutions for banks.

"RegTech solutions have become increasingly critical for banks looking to accelerate digital transformation initiatives to power operational efficiency and ultimately, growth," writes Alex Ford.

Read more here.

The Australia-UK Free Trade Agreement (A-UK FTA) entered into force today on 31 May 2023. The agreement removes tariffs on over 99% of Australian goods exported to the UK.

Learn more about the A-UK FTA on the Australian Department of Foreign Affairs and Trade website here.

The RegTech Association member Decision through Holistic Intelligence who has received almost $1m AUD through the Regulatory Technology round of the Business Research and Innovation Initiative (BRII) grant. 

The BRII is a government program sponsored by the Department of Industry, Science, and Resources (DISR). and the RegTech Round aims to assess the potential of RegTech to solve challenges across government agencies and departments to assist with easier compliance and service delivery.

The five successful businesses have 15 months to complete their prototype or POC and consider how they can scale up and broaden their application.

Read the The Hon Ed Husic's MP Media release here.
Read more about the ASIC's BRII RegTech Round here.