Archive

Archived articles

July 19, 2019

Red Marker selected to present at ASIC Symposium

ASIC has selected Red Marker to demonstrate our technology at the groundbreaking 'Monitoring Financial Promotions: Demonstration and Symposium' event on Friday 2 August.

The symposium is one of three events led by ASIC's innovation hub to help grow awareness and promote adoption of Regtech solutions within the financial services industry in Australia.

June 5, 2019

Red Marker director Matt Symons at the Legal Festival

Matt Symons, co-founder and director at Red Marker will be presenting a case study of Red Marker and Allens groundbreaking partnership.

In this session Matt will outline what client value is created, the role each party plays in creating client value, and the lessons that we can learn from.

 

https://www.legalfestival.com/speakers

May 20, 2019

Red Marker partners with Allens to drive adoption

At Red marker, we are putting ourselves at the centre of the conversation regarding the future of compliance and regulation in Australia.

 

Through our partnership with Allens - one of Australia's leading law firms - we are providing regulators, banks, and legal institutions with the confidence that our solutions reflect regulatory guidelines and meet the highest standards of legal accuracy. 

March 27, 2019

ASIC gets tough on Regtech for the big banks

ASIC is doubling down on their push to increase the adoption of Regtech within the banking sector. Taking a direct approach, the regulator will force banks to explain why they aren't implementing the latest solutions if they fail to keep up.

Follow the link below to see how tech-enabled compliance solutions like Red Marker's are being established as industry standard best practice.

February 12, 2019

Compliance to become a top-tier concern for CEOs

In the wake of the Banking Royal Commission, financial institutions are being forced to view compliance as a central concern of business.

With compliance teams typically being forced to operate with limited resources, RedMarker are well placed to enable companies to facilitate this shift, placing us at the centre of a huge cultural change in Australia’s banking and finance industry.

Nov 15, 2018

Algorithms tame ambiguities in use of legal data

Natural language processing is an evolving technology that is becoming capable of streamlining complex, qualitative tasks such as trend analysis and document classification.

This is driving new trends in legal data analysis, and is expanding the reach and influence of solutions such as Red Marker's risk identification platform that rely on this technology. Follow the link to find out more.

July 25, 2018

RegTech – Essential Allies for Open Banking

Changes to regulation in the EU are sending ripples around global finance and banking industries. These changes mark the beginning of a more open banking system  and a greater level of transparency for consumers.


To get an overview of how Regtech can minimise exposure to the compliance risk that is accompanying this shift, follow the link below.

March 7, 2017

Kaplan press release - Kaplan acquires Red Marker

Global education provider Kaplan last week acquired Red Marker, the machine learning and artificial intelligence-based RegTech pioneer.
 

This exciting acquisition will enable Kaplan to broaden its horizons in terms of offering compliance solutions to the financial services sector, effectively through the application of artificial intelligence and machine learning.

July 3, 2019

Red Marker becomes a member of ALTA

Red Marker are excited to announce our membership to the Australian Legal Technology Association! ALTA is an innovative community of Australian legal technology companies focused on collaboration, information sharing and fostering the global presence of Australian legal technology.

Click below to find out how ALTA are helping to shape the future of law. 

June 5, 2019

See Red Marker at the Legal Innovation & Tech Festival

Curious about what Red Marker does? Come and see for yourself at Legal TechFest! Our Head of Sales and Partnerships, Clare Dengate Thrush, will be giving a presentation and demo of Red Marker's risk detection platform.

 

The event is scheduled for Wednesday 12 June at 12.55 in presentation room 2 at the Hilton on George street. Click below for details.

https://www.legalfestival.com/

May 9, 2019

Super fund pays penalty for ‘independent' claim

ASIC has handed down a $12,600 fine to a leading Australian Superannuation fund for claims that it was offering independent financial advice to its members.

This incident indicates the increasing focus ASIC is placing on enforcing regulation. With regtech solutions primed to improve the scope and accuracy of regulation, it is likely that incidents such as these will begin to increase.

March 6, 2019

Major banks using AI for compliance

Innovation, legal, and compliance teams often find it hard to see eye-to-eye when it comes to implementing new ways of doing business. With limited room for error in regulation, Regtechs are faced with an interesting challenge on the road to mainstream acceptance.

 

Read the article below to get an insight into the complexities that come with transforming delicate compliance practices.

Feb 1, 2019

Regtech software a pathway for post-Hayne compliance

Traditional banking compliance processes are overburdened, under resourced, and labour intensive, so it shouldn’t be surprising that we aren’t the only ones who see this as an opportunity for change.

 

Learn about how early-stage Reg tech startups and the Regtech Association are disrupting institutional banking compliance practices.

November 5, 2018

Linklaters - A toolkit for Artificial Intelligence projects

With the onset of AI seen by many as an inevitability, a question that is often not asked often enough is “when should we use AI and how should we use it”.

Linklaters have created a toolkit that helps companies and individuals consider the legal and ethical challenges that will accompany a growing reliance on AI. Click the link below to download the toolkit.

April 12, 2018

How AI is leading the business data revolution

Artificial intelligence is shaping as a disruptive force for all industries, but while the private sector is typically bullish on AI, others have voiced reasonable 

concerns regarding issues such as automation and job displacement.

This article reframes this problem in an interesting way - posing AI as a perfect match for "unattractive roles" - those tedious and boring jobs that no one wants. Read more below.

March 2, 2017

Global education giant Kaplan buys Red Marker

It might seem unexpected for an AI compliance startup to be acquired by a global education provider, but in the case of Red Marker, the potential for revolutionising traditional learning structures is significant.

This article shows great foresight into the educational value of the real-time, contextualised feedback that Red Marker’s platform offers. Click below to read more.

June 5, 2019

Allens firm tries out billing like a VC

By facilitating Westpac's trial of Red Marker's compliance solutions, our legal partner Allens are setting the blueprint for positive business relationships between old-world legal institutions and new-age tech startups.

Allens' approach is exemplifies that a willingness to embrace disruption can allow large incumbent organisations to thrive in an age of rapidly accelerating technological change.

June 5, 2019

'RegTech in the bag' event sells out in Sydney

Red Marker are excited to attend this sold-out 'RegTech in the Bag' event hosted by CBA on May 5 in Sydney.

The RegTech Association are the premier organisation driving the advancement of RegTech in Australia, and Red Marker director - Matt Symons - is a founding member. Click the link below to check out the agenda for the event.

https://regtech.org.au/event-3354696

April 8, 2019

Australian regulators to embrace AI for compliance

Australian regulatory agencies are turning to AI to bolster industry-wide compliance, responding to claims that they could have done more to prevent the onset of bad banking practices. 

As the buzz around regtech solutions for compliance begins to pick up steam, so the institutional support grows as well. Click below to read more. 

March 3, 2019

ASIC to use AI to target misleading advertising

ASIC is turning to AI in an attempt to streamline their effectiveness and reach when it comes to overseeing internet advertising.

This article gives a good insight into the growing trust major institutions are placing in these technologies to expand their online surveillance, and paints a promising picture for the future of Red Marker. 

December 31, 2018

How Software Can Help Cut Regulatory Risks

Since the Global Financial Crisis in 2007, governments the world over have responded in force with a stream of much needed reforms and regulations.

Follow the link below to see a powerful infographic representation of how Regtech solutions are stepping in to meet the rapidly changing demands for dynamic and agile solutions.

October 2, 2018

Intelligent Automation versus Automating Intelligently

With emerging technologies such as AI predicted to automate a massive proportion of businesses in the coming century, good business leaders will be wanting to know how their company is placed to deal with and thrive along with these changes.

A recent report by KPMG details how enterprises can prepare and plan for these changes. Click the link below to download the report.

April 2, 2017

RedMarker co-founds industry Regtech association

In early 2017, we had the privilege of becoming one of the founding members of the Regtech Association, a coming together of startups looking to positively disrupt Australia’s banking and finance industries.

The article below details the founding of the Association and gives a snapshot of the value we provide to some of our major partners.