Compliance is now one of the most important functions in any organisation. In the wake of the Banking Royal Commission, it’s no longer enough to ‘throw more humans at the problem’. Enter… Advice RegTech.
With its regulatory technology solutions, Advice RegTech enables companies to manage risk better, cheaper and faster.
Founders Samantha Clarke and Mickey Lynch have set the initial focus of their business on helping companies efficiently assess financial advice files and responsible lending reviews. Advice RegTech's SAMI solution is a user-friendly, interactive compliance workbench for file audit and remediation reviewers.
An acronym for Subjective Analytics Monitoring Intelligence, SAMI is a compliance-tech business-to-business software as a service (SaaS) platform. It harnesses the power of machine learning and artificial intelligence to save the ‘manual mental labour’ of human reviewers having to focus on objective checklist items. Instead, it allows them to have full visibility and control over the final assessments.
Both founders have strong tech and finance backgrounds. Samantha is a financial services expert, having worked in product development and leadership roles at blue-chip multinationals, and in startup development and advisory in financial services regulatory reforms.
Mickey specialises in enterprise software for the financial services sector. His software development experience spans frontend, backend, and integration, as well as implementation – development, testing, architecture and product management.
Their business is a pioneer in the emerging RegTech sector in Australia. Advice RegTech was a founding member of the RegTech Association and remains on the advisory committee. It was recognised as 2019 ‘Compliance Innovator of the Year’ in the FinTech Business awards, and 2018 ‘Innovator of the Year’ by Money Management Super Review’s Women in Financial Services.
Advice RegTech is now looking for support to guide and jettison their growth into organisations in Australia and globally in the future.