Posts by Anthony Quinn
Commonwealth Bank exploring upgrades to transaction monitoring software
Commonwealth Bank of Australia is considering using new software to improve the way it monitors suspicious activity throughout the bank, suggesting the money-laundering scandal could be a tipping point that breaks down CBA’s insular approach to technology development. With AUSTRAC suing CBA for failures in identifying suspect deposits, the bank has been exploring how new regulatory…
Read MoreRegtech gets a voice
The Regtech Association, launched late last week, is a first of its kind. It’s a product of the latent demand in the finance industry for specialist technology in this area, says Eric Frost, CEO of Simple KYC, one of the association’s founding members. “Regtech is quickly emerging due to the demand for such technology,” Frost…
Read MoreStart-ups form regtech industry association
A new industry group to represent the emerging regulatory technology, or regtech, industry has been formed in order to encourage collaboration between start-ups and regulated companies as the rise of artificial intelligence technology points to a new age of proactive compliance monitoring. A dozen Australian start-ups have come together to form the RegTech Association, which…
Read MoreArctic Intelligence ranks 57th in the RegTech top 100 power list
Welcome to the RegTech Top 100 Power List: the most influential RegTech firms presented by PlanetCompliance Regulatory Technology aka RegTech is revolutionising how we deal with financial regulation. To overcome the old ways of spreadsheets, smart start-ups, as well as more established players, use innovative technology like Artifical Intelligence or Blockchain to help banks comply…
Read MoreRegTech Association launches with spotlight on growing eco-system
29th March 2017, Sydney, Australia. The RegTech Association will officially launch tomorrow with a high-profile event in Sydney, where the first-of-its-kind group will be hosting an exclusive speaker panel, including some of the industry’s key influencers, movers and shakers; who will discuss the state of play and future opportunities for growing the RegTech eco-system in…
Read MoreFacing the Reg Tech wave in financial crime
Though it has been stated that regtech is the new fintech, it is different in one fundamental aspect: it is not there to compete but to facilitate GRC frameworks in organisations and to make them more efficient. According to Richard Gluyas at The Australian, Treasurer Scott Morrison said that “The automation of compliance with regtech…
Read MoreFinancial Crime Solutions provides online auditing tools to help businesses manage compliance and risk
Financial crimes like fraud, money laundering, bribery, and corruption only make it onto the average person’s radar through either sensationalist news headlines concerning high powered politicians or business leaders, or crime procedurals on TV. However, these crimes – or, specifically, ensuring they don’t occur – can be costly, on-going headaches for thousands of businesses big…
Read MoreKey FATCA implementation challenges
In this podcast, Ross McGill from T-Consult speaks to Anthony Quinn from Arctic Intelligence to explore the issues involved with implementing tax compliance programs, the key challenges of implementing FATCA and the risks of non-compliance. Click here to listen to the original full podcast.
Read MoreStone & Chalk names resident startups
The Google-backed, Silicon Valley-based fintech start-up Ripple Labs, which is developing new payments transfer technology, is among a group of 41 start-ups that have joined Stone & Chalk, the fintech hub in Sydney that was officially opened on Tuesday night. The Berlin-based online lender to small businesses, Spotcap, is another international start-up to open an…
Read MoreFinally, Stone & Chalk has opened its Australian fintech hub
Australian fintech hub Stone & Chalk is finally underway, opening its new Sydney office and revealing the first startups to join the community. After switching locations Stone & Chalk finally settled at the AMP Tower at 50 Bridge Street. It opens with 41 fintech startups, totalling 120 people, following an intense six-month selection process. “From…
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