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Arctic Intelligence recognised in RegTech100 for 2019

Arctic Intelligence has been selected by RegTech Analyst for the RegTech100, the annual list of 100 of the world’s most innovative RegTech companies.  These are the companies every financial institution needs to know about as they consider and develop their mission critical RegTech and digital transformation strategies. Since it was founded in 2013, Arctic Intelligence…

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To beat financial crime, organisations can no longer afford to not share data

Financial criminals are winning, so organisations need to be more vigilant and work together to combat it, according to Anthony Quinn, founder and CEO at Artic Intelligence. One of the biggest challenges facing financial institutions is combatting financial crime, particularly money laundering. There has been a lot of focus put on anti-money laundering (AML) and…

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Arctic Intelligence partners with Deloitte to adopt a smarter approach to financial crime compliance

Arctic Intelligence, a regtech leader in regulatory compliance and risk management has signed a three year partnership with Deloitte to help organisations globally manage their financial crime risk and exposure. This is an extension from a previous agreement first established in 2016. Deloitte will utilise Arctic’s risk and compliance cloud technologies to rapidly assess the…

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Are Financial Crimes Costing Your Business Serious Money?

Are Financial Crimes Costing Your Business Serious Money?

In a world first, Australian compliance ingenuity and technology enables businesses to rapidly and affordable audit and assess their risk exposure to financial crimes and then deliver actionable recommendations to undertake measures to eradicate these risks, minimising potential losses. Every single day, major financial crimes, such as bribery, fraud, money laundering and tax evasion are committed…

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The first step of AML/CFT compliance – understanding your ML/TF Risks

One of the main aims of New Zealand’s AML/CFT regime is the identification and management of money laundering (ML) and terrorist financing (TF) risks. The first recommendation within the Financial Action Task Force (FATF) standards is a requirement to understand ML/TF risks at a national and regulated entity level. This indicates the importance that the…

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Narev sets aside $40m to combat dirty cash

Narev sets aside $40m

Commonwealth Bank has committed to spending $40 million over the next 12 months in a bid to fortify its anti-money laundering technology capabilities; a sum that has divided opinion in banking technology circles. While some have said the new investment is overkill from a bank trying to rehabilitate a tarnished reputation, others say $40m may…

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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…

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Start-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…

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Arctic 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…

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