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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.