Commonwealth Bank has partners up with Telstra to launch their first co-developed product, a Scam Indicator API to counter scam calls. According to Scamwatch, Australians have lost nearly $100 million this year already to scams.

Read more here.

The RegTech Association member Clausematch wins "Best Policy Management Solution" at the annual FinTech Breakthrough Awards.

Clausematch’s technology helps companies achieve agile robust policy and procedure management, hitting efficiencies and improving the quality and standardization.

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Loan Market, the biggest loan aggregator in Australasia, has adopted RTA member Clausematch to gain a competitive advantage from digitisation of compliance.

Clausematch empowers companies to collaborate, create, manage and review different types of risk and compliance documents, in real time, with a complete audit trail and live insights.

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The RegTech Association member Encompass Corporation unveils their perpetual Know Your Customer model as a new regulatory compliance benchmark.

The model "is designed to place financial systems into a pKYC framework to evaluate their maturity and readiness to more effectively identify and prevent financial crime."

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The Reserve Bank of India invites your innovative ideas for four select problem statements, that are aimed to transform the financial ecosystem:

- Financial services for differently abled (divyaang)
- Offline Central bank digital currencies
- RegTech solutions
- Scalability of blockchains

Learn more here.

The RegTech Association member Quantexa acquires AYLIEN, an advanced AI and Natural Language Processing solution.

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FINOS, the Fintech Open Source Foundation, announces key milestones from 2022 and strategic objectives for 2023.

FINOS is a non-profit organisation with the mission to foster adoption of open source, open standards and collaborative software development practices in financial services.

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Elevandi releases series of comprehensive reports with insights taken from the Singapore FinTech Festival 2022. The reports explore the following topics:

1. Digital Assets & Web3
2. Sustainability through FinTech
3. Gaps and Opportunities in Asian Insurance
4. Wealth and Pensions
5. Future of FinTech in Growth Markets
6. Balancing Innovation & Regulation

Read more here.

The RegTech Association member 6clicks announces integration of its GRC platform with generative AI to make it simpler to create policies. Through integration with GPT, the platform now also provides critical information about the implications of standards and regulations to enable organizations to make better informed decisions.

Read more here.

RegTech Global Market Report 2023: Industry to Reach $43.57 Billion by 2031 at a 14.6% CAGR (yahoo.com)

Find the detailed summary of the report here 
https://www.researchandmarkets.com/reports/5720995/regtech-global-market-opportunities-and?utm_source=CI&utm_medium=PressRelease&utm_code=mthwqm&utm_campaign=1811919%2B-%2BRegTech%2BGlobal%2BMarket%2BReport%2B2023%3A%2BIndustry%2Bto%2BReach%2B%2443.57%2BBillion%2Bby%2B2031%2Bat%2Ba%2B14.6%25%2BCAGR&utm_exec=como322prd