What is RegTech? RegTech is the term commonly used for technology that improves compliance and regulatory processes. This can be as wide-ranging as regulatory reporting, monitoring/validation/verification of identity and transactions, risk management and compliance. Successfully deployed RegTech can improve productivity, efficiency and overall safety of the financial and business system. Sometimes the terms FinTech and RegTech are confused. While FinTech is firmly linked to financial services technology, RegTech is sector agnostic and may be applied to any regulated industry vertical. Where does RegTech fit in? Financial services is the largest sector of Australia’s economy contributing around $A140 billion to gross...