What is RegTech? How does it affect my business? What should I be doing?

According to Deloitte, “RegTech (Regulatory Technology) is more than a buzzword, it is a very real movement that is already having an impact on regulatory compliance.”

Deborah Young, CEO of the RegTech Association explains what RegTech is, and how RegTech is used every day by businesses everywhere.

The RegTech Association is a global non-profit industry member body focused on accelerating adoption of RegTech solutions and creating a global centre of excellence.

The association brings together government, regulators, regulated entities, professional services and founder-led RegTech companies to ensure collaboration between all of the parties, promoting the RegTech industry as widely as possible, resulting in action in the uptake of RegTech proof of concepts and deployed RegTech solutions across the eco-system.

Membership of the RegTech Association has grown to180 organisations including 125 RegTech firms. The cohort also includes top tier banks, global technology companies and consulting firms. Deborah has advocated for the industry with Government, regulators, investors and trade agencies. She has led the recognition of Australia as the third highest concentration of RegTech producers in the world.

Deborah sits on the Australian Federal Government FinTech Advisory Committee, NSW Government ICT Procurement Task Force, The National Blockchain Roadmap RegTech Committee and is a member of ASIC’s Digital Committee and a regular speaker, presenter and designer of RegTech programs for the association and its partners and with regulators in Australia and overseas.

Deborah Young is an accomplished chief executive, non-executive director, mentor and strategic business consultant. She has over 20 years’ experience as a senior executive across financial services, including investment banking, private equity, venture capital, superannuation and insurance spectrums. Deborah holds an Executive MBA (Global) from UTS Business School and was named as the Australian Financial Review’s 100 Women of Influence in 2019 for Innovation.

Find out more about the RegTech Association