Proviso wins Excellence in RegTech at the 2018 Finnies Awards

Proviso, an Adelaide based technology company, is thrilled to announce that it has won the Excellence in Regtech (including Digital ID, KYC and AML) award at the Finnies for the second consecutive year! This year’s Finnies awards, organised by FinTech Australia, attracted strong competition in the Australian financial technology space, with a record 223 entries – a 40% increase on 2017.

The Finnies celebrate the achievements from the Australian fintech sector and highlight the individuals and companies that are successfully driving innovation in financial services.

“We are delighted to have won the Excellence in Regtech award at the Finnies again this year! The entire Proviso team had had a great 12 months continuing to push the envelope of what is possible with secure, customer-authorised bank data retrieval.” said Luke Howes, CEO at Proviso. “Our enhanced categorisation and analytics are delivering significant value in automation and efficiency for the banks, lenders and credit providers that are using our services for Responsible Lending.”

Mr Howes continued “We’re looking forward to the years ahead and continuing to lead the market at the intersection of customer experience and compliance. Proviso is well positioned to play an important role in Open Banking when it commences in 2019.

With more than 600 fintech companies in Australia, the financial technology sector has seen tremendous growth in the last several years. It is estimated to be a A$4.2 billion industry by 2020.

Proviso is Australia and New Zealand’s leading aggregator of bank statement data with over 350,000 consumers and businesses using their services each month. Proviso was recently acquired by data registries and analytics business illion, formerly Dun & Bradstreet, as it gears up for the arrival of Australia’s open banking regime.