Regtech news stories

Australian start-up CredShare has announced it's raised a further circa $2.7 million while unveiling the next evolution of its credentials platform. 

“We can supply technology that creates a low-overhead, low-cost, cyber-secure regulatory environment that assists our major financial sector players meet integrity tests quickly," says ProvenDB CTO.

While awareness of compliance issues has broadened throughout the years, industry leaders are still grappling with how to foster a compliance-first culture in the workplace.

The proceeds from the Placement will be used to accelerate the Company’s global commercialisation activities.

Technology is advancing a lot quicker, and the incumbent banks need to be more up to speed but are held back by a lot of legacy systems.

Singapore-based AI startup Silent Eight has won the top spot at the RegTech Association Australia’s inaugural pitch fest this year.

“Regulatory Technology or RegTech is an emerging sector where Sydney and NSW have the potential to achieve serious global standing."

In the report, regtech is defined as technology that helps businesses comply with regulations efficiently and inexpensively.