News

Featured: Artificial Intelligence White Paper

The robots are not coming for your job

Part 1: Hybrid Solutions

Artificial Intelligence is set to become one of the most disruptive forces of the coming century, but when it comes to automation, its impact may be far different to what some are expecting. In the coming months we will be publishing three AI whitepapers in the series titled 'The robots are not coming for your job'.

Part 1 of this series explores historical attitudes towards automation and AI, and examines how technological advancements often lead to the formation of 'hybrid solutions' between humans and technology.

We also delve into some of the technical differences between AI, ML, algorithms, and models, and the different approaches to machine learning.

Red Marker platform officially granted Innovation Patent

October 21, 2019

In excellent news, we are proud to announce that Red Marker has been officially granted an Innovation Patent, in recognition of our innovative contribution to the regtech and legaltech space in 
helping clients improve the efficiency of their legal review processes for marketing content.

To see for yourself what the Red Marker platform can, book a demo with the link below!

Event: FINRA Advertising Regulation Conference 

August 28, 2019

For the first time, Red Marker will be attending FINRA's Advertising Regulation Conference, on 24-25 October in Washington DC!

This event gives attendees a clear picture of what it means to be compliant with constantly evolving advertising rules, and provides the opportunity to leverage the subject matter expertise of FINRA industry experts. Follow the link below for more details.

Event: CLOC 2019 Sydney Institute 

August 16, 2019

Red Marker are excited to attend the Corporate Legal Operations Consortium's Sydney Institute conference, on the 2nd and 3rd of September in Sydney. 

The CLOC Institute is a fantastic event for legal subject matter experts, and places a core focus on featuring insightful, relevant, and actionable material. To find out more about the event click the link below.

Red Marker selected to present at ASIC Symposium

July 19, 2019

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.

Red Marker director Matt Symons at the Legal Festival

June 5, 2019

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

Red Marker partners with Allens to drive adoption

May 20, 2019

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 gets tough on Regtech for the big banks

March 27, 2019

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.

Compliance to become a top-tier concern for CEOs

February 12, 2019

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.

Algorithms tame ambiguities in use of legal data

Nov 15, 2018

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.

RegTech – Essential Allies for Open Banking

July 25, 2018

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.

Kaplan press release - Kaplan acquires Red Marker

March 7, 2017

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.

The state of AI in UI/UX Design

October 10, 2019

While Red Marker​ is a fantastic tool for automating repetitive tasks for technical jobs and industries, it is also making significant inroads into more complex creative industries.

The article below from Adobe ​details the way Red Marker is allowing creative professionals from major global organisations like Citi, Westpac and CBA to automate the compliance requirements of their creative process.

Event: RegTech Automation and Compliance Forum

August 28, 2019

Join Mark Wood (Red Marker), Randeep Buttar (HSBC), and Shaughnessy Hawkins (FundApps) as they discuss the implications of industry collaboration in the development and integration of RegTech solutions at this 3rd annual event in London, on 19 September 2019.

To register attendance for the event, click here, or find out more about the event, follow the link below.

Customer Testimonials at ASIC Regtech Symposium

August 5, 2019

Red Marker were thrilled to be a part of ASIC's inaugural Regtech Monitoring in Financial Promotions Symposium last week. It was great to hear first-hand how Australia's leading financial companies are leveraging Regtech solutions such as Red Marker to address a range of pain points and use cases. 

Check out what some of our clients had to say about how Red Marker is helping them to transform and innovate their compliance processes.

Red Marker becomes a member of ALTA

July 3, 2019

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

June 5, 2019

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/

Super fund pays penalty for ‘independent' claim

May 9, 2019

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.

Major banks using AI for compliance

March 6, 2019

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.

Regtech software a pathway for post-Hayne compliance

Feb 1, 2019

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.

Linklaters - A toolkit for Artificial Intelligence projects

November 5, 2018

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.

How AI is leading the business data revolution

April 12, 2018

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.

Global education giant Kaplan buys Red Marker

March 2, 2017

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.

Podcast: AI - Disrupting and stretching yourself

September 12, 2019

As AI technology become more widespread, it becomes important to determine which problem areas are the best fit for AI solutions. This podcast gives a great insight into how Red Marker's practice focuses on finding the right problems to solve before deciding on the right technologies to use when designing our services. 

 

Listen to Red Marker COO Mark Wood discuss this topic in the podcast below!

Event: Try the Red Marker platform at ALTA Sandbox!

August 28, 2019

Ever wondered what it feels like to use an AI-based platform? Would you like to experience the Red Marker platform for yourself? Join us at the first ever ALTA Sandbox series on 12 September 2019 in Sydney!

 

Featuring 9 different software platforms in the legal technology space, this is a great opportunity to witness first hand how these technologies can transform your business.

Australian banks piloting regtech compliance solutions

August 7, 2019

Three of Australia's largest banks are looking to Regtech as a way to address a range of compliance pain points. 

At ASIC's recent Regtech Symposium, Citibank, Westpac, and CBA all revealed that they are all trialling solutions across phone sales monitoring, web scanning, and compliance reviews. 

Follow the link below to find out more about the Symposium, and to hear more about these solutions.

Allens firm tries out billing like a VC

June 5, 2019

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.

'RegTech in the bag' event sells out in Sydney

June 5, 2019

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

Australian regulators to embrace AI for compliance

April 8, 2019

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. 

ASIC to use AI to target misleading advertising

March 3, 2019

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. 

How Software Can Help Cut Regulatory Risks

December 31, 2018

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.

Intelligent Automation versus Automating Intelligently

October 2, 2018

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.

RedMarker co-founds industry Regtech association

April 2, 2017

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.