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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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ASIC boosts support for regtech

ASIC is ramping its support for regulatory technology businesses or ‘regtechs’ in response to an overwhelming number of organisations expressing frustration over complex compliance burdens. The corporate watchdog recently announced the next phase of supporting regtech’s technological capabilities in helping clients meet regulatory obligations, by way of conducting technology trials such as cognitive and social…

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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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‘Alarm bells ringing’- laundering claims rain on CBA’s parade

Alarm bells ringing laundering claims rain on CBAs parade

Commonwealth Bank staff at the Market City branch in Sydney’s Chinatown were getting suspicious, watching the same customer making cash deposits of just under $10,000. It was July 2015 and the customer was following a pattern they had seen elsewhere: ploughing cash into an intelligent deposit machine (IDM) just below the threshold where such deposits…

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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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Regtech 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…

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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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RegTech 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…

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