compliance

Feb
27

Regtech still finding its feet, as banks and regulators do delicate dance

At last week’s meeting, the BCG consultants told representatives from ASIC, the Reserve Bank, the Australian Prudential Regulation Authority, AUSTRAC and Austrade that there are almost 30 regtech start-ups in Australia, the third-largest global regtech hub after the US and Britain. The RegTech Association has been formed to represent the sector’s interests. In a market with global leaders like […]

By Reposted by Australian FinTech | Banking . FinTech
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Feb
22

AML Accelerate launches a category defining AML/CFT compliance platform

Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) compliance requirements are being revised and new requirements are being introduced and enforced around the world, impacting more than 30 financial and non-financial industry sectors, with many being brought into AML/CFT for the first time. Industry sectors including lawyers, accountants, real-estate agents and dealers in high-value […]

By Australian FinTech | FinTech
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Dec
06

Australian RegTech partnerships crucial for banks moving forward, in light of the Banking Royal Commission

With the announcement of the Banking Royal Commission, Australia’s regulatory technology (RegTech) providers point to a lack of compliance and regulation among Australia’s Big 4 Banks. There continues to be a call for a parliamentary commission into unethical or unlawful conduct by the financial services industry in Australia. However, there is a growing and proactive […]

By Australian FinTech | Banking . FinTech
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Sep
20

AI RegTech deal boosts compliance speeds for Airwallex

Melbourne headquartered fintech startup Airwallex today announced a partnership with AI-driven RegTech ComplyAdvantage. The partnership will allow Airwallex to conduct real-time screening and monitoring of transactions for sanctions, anti-money laundering (AML) and counter-terrorism financing (CTF), following a US$13 million Series A funding round from Tencent, Sequoia and Mastercard that has spurred rapid growth into new […]

By Australian FinTech | FinTech
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May
12

InvestmentLink developing real-time wealth management compliance product

Media Release – InvestmentLink, Australia’s largest independent financial data source, today said it is developing a real-time compliance product that will give financial advisers and dealer groups immediate and ongoing compliance reporting.   The product, Halcyon, will draw on InvestmentLink’s unique data platform and external data sources to provide advisers with a tool to manage […]

By Cameron Dart | FinTech
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