Speaker:

Anand Sanwal, CB Insights

Panel session covering brought to you by The RegTech Association and supported by Austrade.

1. RegTech POV from Australia, UK and Europe
2. COVID-19 impact on the RegTech landscape
3. Where the opportunities are right now
4. Emerging themes

MC
Michelle East, CEO and Founder, Certainty Compliance and the RegTech Association Advisory Committee Member

Speakers
– Deborah Young, CEO, The RegTech Association
– Jennifer Mackinlay, Senior Trade Commissioner, UK, Ireland and Nordics
– Sian Lewin, Co-Founder and Head of Client Delivery Director RegTech Associates, Founder of RegTech Women, London
– Richard Rosenholtz, Chair, Nordic RegTech Association
– Chris Cobb, Investment Director – FinTech, RegTech & Space, Austrade

Our #RegTechEdgeNoBorders program is designed to showcase RegTech solutions that address the global challenges across a complex regulatory landscape. Focused on key risk areas across our RegTech taxonomy, this event will provide insights to attendees on:

– An electronic identity verification and AML solution with a focus on digital location and identity fraud.
– Transforming AML compliance and customer onboarding, responding to regulatory change and demonstrating ongoing compliance with automated corporate KYC due diligence.
– Improving your onboarding experience with a platform that meets your AML compliance requirements.
– A complete unified onboarding and fraud prevention platform which helps banks and FinTech’s make better decisions using a single API and dashboard to manage KYC, AML and fraud.
– An intuitive and customer friendly customer onboarding platform that empowers you to digitise your unique AML/KYC program.
– White Box Machine Learning to produce explained and auditable outcomes at unmatched scale, speed and precision – effectively preventing financial crime before it happens.

Speakers:
– Alison Shapiera, The RegTech Association
– Shahid Ghaloo, Accenture

RTA RegTech Members
– Cloudcheck
– Encompass Corporation
– First AML
– FrankieOne
– LAB Group
– Silent Eight

About this video
On 28 February 2022, the Centre for Legal Innovation (Australia, New Zealand and Asia-Pacific) [https://www.cli.collaw.com/] (CLI) in collaboration with The RegTech Association [https://regtech.org.au/] (RTA), presented a session on the emerging role of RegTech and its impact on the legal industry.

RegTech goes to the core of when and how lawyers advise about risk, liability and compliance. It involves conceiving and solving legal problems differently. It means developing new and customised technologies that clients can access 24/7. It’s new, it’s different, and as the case studies in this session demonstrated, it’s here right now!

The session was facilitated by Terri Mottershead [https://www.linkedin.com/in/terri-mottershead-1865286/], Executive Director, CLI and delivered in two parts:

Part One: RTA’s CEO Deborah Young [https://www.linkedin.com/in/deborahmyoung/] laid down some RegTech foundations by addressing:
• Why RegTech is about people, trust, tools and building better businesses
• What RegTech is and isn’t
• The eco-system
• How TRTA engages (Government, Regulators, Industry)
• Drivers for RegTech adoption
• Taxonomy
• RTA’s latest research data points
• About the RTA and what they do.

Part Two: two mini cases studies that demonstrated how two law firms collaborated with two legaltech providers to create amazing RegTech products:

Case Study One: Gadens’ Breach Manager (powered by Lawcadia) [https://breachmanager.gadens.com/] presented by Liam Hennessy [https://www.linkedin.com/in/lthennessy/], Partner, Gadens [https://www.gadens.com/] and Steven Dudley [https://www.linkedin.com/in/stevendudleyau/], Solutions Specialist, Lawcadia [https://www.lawcadia.com/].
Breach Manager is a first-of-its-kind, cloud-based RegTech platform, that streamlines the information collation, assessment and reporting process of potential regulatory issues to one online platform, allowing financial services institutions across Australia to ensure defensible, timely and cost-effective compliance with the new and newly important regimes. These include AFSL / ACL obligations under the new regime, but also BEAR/FAR, Prudential, AML/CTF, Privacy, Design & Distribution, COBCOP and GICOP reporting obligations.

Case study Two: Cowell Clarke’s ESG Compliance Platform (ESGCP) [https://www.cowellclarke.com.au/environmental-social-and-governance-compliance-esg] presented by Emma Peters [https://www.linkedin.com/in/emmaperkins1/], Special Counsel, Cowell Clarke [https://www.cowellclarke.com.au/] and Sam Flynn [https://www.linkedin.com/in/sam-flynn-379735161/], COO, Josef [https://joseflegal.com/].
The ESGCP is a solution to assist organisations in developing, implementing and monitoring ESG strategies and practices, managing risk and meeting regulatory compliance obligations. Key features of the solution include: risk dashboard and assessments for an organisation and third parties such as suppliers and subcontractors; obtaining visibility and transparency over complex supply chains; screening third parties and automation of due diligence on suppliers and customers; automated changes in risk profiles; combining with a technology solution to automate issuing of interactive compliance and legal training; automation of contracting practices and associated reminders; and policy, procedure and code development and implementation.

Additional Resources

• The RegTech Association [https://regtech.org.au/]
• Gadens’ Breach Manager (powered by Lawcadia) [https://breachmanager.gadens.com/]
• Cowell Clarke Digital Solutions – ESG Compliance Portal [https://www.cowellclarke.com.au/digitalsolutions/esg-compliance-portal]

About the Centre for Legal Innovation
The Centre for Legal Innovation (Australia, New Zealand and Asia Pacific) is an innovation-focused think tank at The College of Law. The Centre provides thought leadership, practical research and opportunities for collaboration to support legal professionals as they navigate the disruption and new technologies transforming the industry. Find out more about our work or contact us via our website, LinkedIn, Facebook or Twitter. Come and join us in The Legalpreneurs Lab [https://www.cli.collaw.com/legalpreneurs-lab] – your one stop shop for all things legaltech and legal innovation.