GRC Solutions in the media

In October, GRC Solutions and Ash St. announced a new strategic partnership.

Most would already be familiar with GRC Solutions, one of the companies leading the fintech vanguard and member of the RegTech Association, which has worked closely with domestic regulators. GRC Solutions have been very much a part of the conversation about how RegTech solutions will
assist organisations to meet their compliance obligations by leveraging data using underlying automated systems.

Julian Fenwick, Managing Director. Julian is a vital member of the GRC Solutions management team.

Compliance is a booming area of regtech and Australia’s bank need to be more open to the range of tools coming into the market.

This is the assessment made by RegTech Association chair Julian Fenwick (pictured). He highlighted how a number of countries were adopting effective ways to support and grow their regtech industry.

Financial services organisations need to get proactive about compliance in all aspects of their business in order to avoid future scandals and further public scrutiny, according to the Regtech Association.

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.

Industry delegates gathered at a high-level event in Singapore yesterday, calling for financial institutions and regulators to work more collaboratively with start-ups to enhance RegTech innovation across the region.

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.

Industry delegates gathered at a high-level event in Singapore yesterday, calling for financial institutions and regulators to work more collaboratively with start-ups to enhance RegTech innovation across the region.

GRC Solutions has entered into a strategic partnership with Ash St, a cutting-edge professional services firm, that will carve-out a new advisory approach in the market. The coming-together of these businesses will see the delivery of integrated legal, compliance and financial advisory services.

Australian RegTech company GRC Solutions today announces the further expansion of its capabilities through the very significant acquisition of COBA’s (Customer-Owned Banked Association) legal and compliance division.

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.

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