GRC Solutions in the media

The Land Down Under has had a busy year building up their RegTech sector. But what do the experts in the field think? Is the pace moving fast enough?

The RegTech Association was formed to “encourage government, industry bodies, private and public organisations, corporates, small businesses and start-ups to stand together as advocates for collaboration and RegTech in Australia”.

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 Australia and beyond.

In an event in Sydney today, the RegTech Association officially launches with 13 founding members that hope to advance the regulatory technology industry in Australia and in the Asia Pacific.

The RegTech Association has officially launched in Australia and is aiming to aid the regulation technology sector just like fintech is changing financial services.

The Regtech Association will facilitate collaboration between regtech startups and Australia’s biggest financial institutions.

The RegTech Association, which aims to shine a light on regulation technology, officially launched last night with an industry-first event in Sydney for key industry influencers including stakeholders from major banks, start-ups and industry regulators.

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.

“By planning and delivering compliance eLearning using an adaptive and scenario-based approach, an organization can train its staff only on what they need to know. Consequently, they can absorb information and ideas previously unknown or unmastered by them, and organizations can ensure that their compliance training is not only efficient, but also effective.”

Following Kelly O’Dwyer’s announcement for the overhaul of conduct standards and competency requirements for advisers effective January 2019, the Stockbrokers and Financial Advisers Association (SAFAA) is partnering with specialist regtech firm, GRC Solutions, to assist it with the transition.

RegTech is the name of one the latest trends to use innovative technology to disrupt a sector. It’s not just the name though that is new even if the combination of regulation and technology is not.

The Stockbrokers and Financial Advisers Association has announced it teamed up with a training provider, following the passage of the new professional standards.

RegTech seems to be the new buzzword. While the term might be new, however, the philosophy of regulatory technology has been around as long as firms needed technological solutions to increasing regulatory costs. Regulations have doubled since watershed moments like 9/11 and the global financial crisis.

GRC managing director, Julian Fenwick, said that the nomination at the New South Wales Premier’s Export Awards in the education and training category was an important step forward for the fintech, as it looked to continue to build its international reach.

GRC Solutions logo

GRC Solutions finalist at NSW Export Awards following opening of its New York office.  Fast-growth Australian RegTech company, GRC Solutions, were finalists at last week’s NSW Premier’s Export Awards in the Education and Training category, acknowledged for their international growth in Asia and North America.

The brain is simply amazing, yet we often take it for granted and do not give it a second thought.  A basic understanding of how the human brain works is essential for training and development professional.

A 2014 Beyond Blue study found that while 91% of respondents believed mental health in our workplaces was important, only 52% thought their own workplaces were conducive to mental health.