compliance

Sep
05

Max ID launches Australian-first digital technology that provides ‘safe harbour’ identity verification for property transactions in less than 10 minutes.

Max ID, an Australian Fintech facilitator and RegTech specialist, has today publicly launched a technology solution that it believes will bring a broad range of industry players a step closer to their aim of delivering simple, efficient and inexpensive same-day ‘safe harbour’ identity verification for mortgages and property services transactions. Financial institutions and non-bank mortgage […]

By Cameron Dart | FinTech . Lending . Mortgage
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Aug
14

After CBA scandal, Australia’s regtech sector is ready for take-off

The local regtech scene is ready for take-off. There were two indications last week that regulatory technology’s engines are revving up. One was the corporate regulator securing an extra $6 million in funding from the federal government to market Australia as a global centre of regtech excellence. The Australian Securities and Investments Commission chairman James […]

By Reposted by Australian FinTech | ASX . Blockchain . Investing
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Jul
30

Navigating compliance in a borderless world

The regulatory landscape for financial services and fintech companies is rapidly changing. The industry continues to be subject to increasingly strict legal and regulatory requirements, and cybersecurity is top of mind for businesses. The cross-border money transfer space requires navigation of these complexities up and down the payments stack. Cross-border payments by definition require businesses […]

By Reposted by Australian FinTech | FinTech . Payments
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Jul
12

Proactive approach to compliant marketing needed: YTML

Recent interventions by ASIC, like cracking down on the use of words such as ‘independent’, highlight the need for Australian Financial Services Licensees (licensees) to be more careful about the wording of their own marketing materials and be more proactive about monitoring and approving the material being used by their advisers, according to fintech, YTML. YTML […]

By Australian FinTech | FinTech
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Jul
06

TIQK rolls out automated best interest duty test

Sydney-based software-as-a-service (SaaS) firm TIQK has announced that its “best interests duty” analysis for statements of advice has gone live. TIQK CEO Steve Thomson said this marked the industry’s first automated test for a best interest duty in statements of advice released commercially and believed it would give advisers and consumers more confidence in light […]

By Reposted by Australian FinTech | FinTech
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Jun
06

ASIC Chair James Shipton wants Australia to lead the world in Regtech

In a speech delivered to an Australian Senate Committee meeting last week, James Shipton, Chair of the Australian Securities and Investments Commission (ASIC), told the members Australia can lead the way when it comes to Regtech adoption. Australia has a vibrant Fintech ecosystem that has benefited from a fairly supportive government and an active Fintech […]

By Reposted by Australian FinTech | FinTech
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May
07

CBA reveals promising regtech AI results, proceeds with caution

The Commonwealth Bank of Australia (CBA) has revealed the results of a regtech pilot that uses natural language processing and artificial intelligence to convert regulatory texts into compliance obligations. Speaking on Thursday at the AI NSW Summit in Sydney, the head of CBA’s London Innovation Lab, Supun King-Jayawardana, said the technology was able to crunch […]

By Reposted by Australian FinTech | Banking . FinTech
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Apr
27

Bentleys selects BGL’s CAS 360 and Simple Fund 360

BGL Corporate Solutions, Australia’s leading supplier of SMSF administration and ASIC corporate compliance solutions is pleased to announce that Bentleys Chartered Accountants & Business Advisors has chosen CAS 360 and Simple Fund 360 as their ASIC corporate compliance and SMSF administration. “We conducted an extensive review of all the products in the marketplace” said Robin […]

By Australian FinTech | FinTech
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