Regulatory technology stories
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.
Councils could soon use digital planning tools to cut delays and paper work, while blockchain may also reshape property settlements and rentals.
The New South Wales government sponsors The RegTech Association to support growth in the emerging regulatory technology sector.
Mobile reporting is speeding safety incident logging and compliance in remote industries, helping firms capture data in real time and cut risk.
Digital farming could add up to NZD $448 million to New Zealand’s economy as growers face rising costs and tighter regulation.
In the report, regtech is defined as technology that helps businesses comply with regulations efficiently and inexpensively.