Presents

RegTech Australia 2017

7 June, 2017
Corrs Chambers Westgarth
12/8 Chifley Square, Sydney

Presents

RegTech Australia 2017

7 June, 2017
Corrs Chambers Westgarth
12/8 Chifley Square, Sydney

Presents

RegTech Australia 2017

7 June, 2017
Corrs Chambers Westgarth
12/8 Chifley Square, Sydney

Tracking the adoption of innovative solutions for regulatory challenges

Event Overview

The biggest challenge affecting the financial services sector today is regulatory compliance.  Regulatory technology - RegTech - the term coined by the Financial Conduct Authority in the UK, is helping in many areas of compliance, going beyond automating legacy processes to interpreting legislation, designing new compliance processes, and managing and processing data.  The opportunities that RegTech offers in this space are game-changing - but the variety of available solutions is vast and constantly evolving; and the implementation process is fraught with challenges. RegTechs face a number of hurdles to achieving significant scale and success.

The RegTech Australia 2017 is designed to bring the leaders of financial institutions together with the regulators and the innovators, to give senior executives a better view on how to get past the talk and into collaborative action to build out the governance and the ecosystems required to manage regulatory reform in a better, faster, cheaper and far safer manner.

Why Attend?

  • Prepare for the future and get the big-picture predictions for the applications of RegTech in the year ahead
  • Learn how RegTech can solve the key compliance pain points faced by financial services
  • Hear first-hand experiences of those driving the deployment of RegTech in their organisations
  • Gain invaluable insight into the current priorities of the Regulators
  • Discover the business areas where RegTech offers most value 

Who will be there?

  • CEOs, CIOs, CTOs who want to better understand how the regulatory compliance function can be innovated and improved. 
  • Innovators and disruptors changing the rules of engagement in compliance with blockchain, machine learning and data analytics
  • Heads of Compliance, Regulatory Reporting, Risk, Innovation, Change, Transformation, and Audit, who are responsible for regulatory compliance and/or technology innovation within their enterprise
  • Government policy makers in regulatory compliance, data privacy and digital finance

Agenda

7:30am

Registration and welcome breakfast

8:00am

Why Australia is a fertile ground for RegTech

Jost Stollmann, Executive Director, Tyro Fintech Hub

8:10am

RegTech and the Regulator’s Perspective

Mark Adams, Senior Executive Leader - Strategic Intelligence, ASIC

8:20am

Are Australian businesses ready for the fourth industrial revolution? A look into the future technologies that will impact legal principles and regulations

Murray Bruce, Director, Geography Leader Asia Pacific, Watson Platform, IBM Corporation

8:30am

Digital Identity and Data - where to from here?

Dr. Alex Johnston, Director of Client Technology, Thomson Reuters 

8:45am

Panel Discussion: What will RegTech be delivering in the next 12 months and what is distraction, and what is disruption?

PANEL MODERATOR:

Julian Fenwick, Chair, The RegTech Association

 

PANELLISTS:

Jost Stollmann, Executive Director, Tyro Fintech Hub

Rebecca Lim, Group General Counsel and Chief Compliance Officer, Westpac Group

Mark Adams, Senior Executive Leader - Strategic Intelligence, ASIC

Murray Bruce, Director, Geography Leader Asia Pacific, Watson Platform, IBM Corporation

Liming Zhu Research Director, Software and Computational Systems, Data61 CSIRO

9:30am

Morning tea

10:00am

Ministerial Address

The Hon. Michael Sukkar MP, Assistant Minister to the Treasurer, Australian Government

10:15am

Privacy rights and data protection in the digital financial services economy - challenges and opportunities

Sophie Higgins, Assistant Director - Regulation and Strategy, Office of the Australian Information Commissioner

10:25am

Exploring the nexus between RegTech and law, policy and financial transactional monitoring

Tony Prior, Director- Compliance, AUSTRAC

10:35am

Pioneering the application of machine learning and artificial intelligence in the world of regulatory compliance

Matt Symons, Co-founder, Red Marker

10:45am

RegTech Innovators Panel: Changing the rules of engagement - how far can blockchain, machine learning and data analytics take the regulated sector?

PANEL MODERATOR:

Beverley Head, Freelance Writer and Consultant

 

PANELLISTS:

Deborah Ralston, Professor of Finance, Monash University and Chair, Digital Finance Advisory Committee, ASIC

Bruce Wren, Chief Executive Officer, Wordflow

Matt Symons, Co-founder, Red Marker

Julia Walker, Head of Market Development, Risk, Asia, Thomson Reuters

Harry Toukalas, Group Managing Partner, Blackhall & Pearl 

11:30am

Closing remarks by InnovationAus.com and end of forum

James Riley, Editorial Director, InnovationAus.com

Speakers

Event Partners

Thomson Reuters

Supporting Sponsor

RegTech Association

Official Event Host

Corrs Chambers Westgarth
The Hon. Michael Sukkar

The Hon. Michael Sukkar

Assistant Minister to the Treasurer, Australian Government

Michael Sukkar is the Federal Member for Deakin and the Assistant Minister to the Treasurer. He was elected to the Australian House of Representatives at the 2013 federal election and is the ninth person to hold the seat of Deakin since its creation in 1937.

Michael has lived, worked and been a part of the Deakin electorate all of his life.

Michael grew up in Ringwood and attended primary school at Sacred Heart in Croydon and then secondary school at Aquinas College in Ringwood. After secondary school, he went on to complete a Bachelor of Laws and Bachelor of Commerce at Deakin University in Burwood. He later furthered his studies by completing a Master of Laws at the University of Melbourne.

During university Michael was involved in a number of local community activities, including coaching junior teams at St. John’s Basketball Club in Mitcham.

Prior to entering the Parliament, Michael Sukkar spent seven years working as a lawyer with the firm, Ashurst Australia (then known as Blake Dawson Waldron) where he was a Senior Associate. In this role, he advised many of Australia's most successful individuals and largest corporate groups. Before this role, he worked as a Senior Consultant with accounting firm PricewaterhouseCoopers where he specialised in taxation.

On January 24th 2017 Prime Minister Malcolm Turnbull appointed Michael to the Ministry as Assistant Minister to the Treasurer. Michael has previously served on a number of parliamentary committees, including being the Chairman of the Parliamentary Joint Committee on Intelligence & Security.

Away from politics, Michael remains an avid basketball player and enjoys gardening.

Michael is honoured to represent the electorate of Deakin. He understands the issues that concern residents and is working hard to be a strong voice on key local, national and international issues in the Federal Parliament.

Michael lives in Blackburn with his wife, Anna.

Rebecca Lim

Rebecca Lim

Group General Counsel and Chief Compliance Officer, Westpac Group

Rebecca was appointed Group General Counsel in November 2011 and Chief Compliance Officer in December 2013. Rebecca is responsible for Westpac's compliance, legal and secretariat function globally.

Rebecca joined Westpac in 2002 and has held a variety of other senior leadership roles including General Manager, Human Resources for St.George Bank and General Manager, St.George Private Clients.

Rebecca began her career at Blake Dawson Waldron (now Ashurst) before joining the US firm Skadden Arps where she worked in both New York and London. Rebecca then moved into an in-house role in investment banking at Goldman Sachs in London before returning to Australia and joining Westpac.

Tony Prior

Tony Prior

Director- Compliance, AUSTRAC

Tony Prior is a Director within AUSTRAC’s Compliance team, responsible for supervising entities within the financial services and gaming sectors. Tony has a background in the private sector, including head of financial crime at a large Australian financial institution and consulting in financial crime compliance with a 'Big 4' professional services firm. Tony is a part time lecturer at Macquarie University in Forensic Accounting.

He has just returned from Silicon Valley where he attended the Financial Action Task Force’s (FATF) FinTech and RegTech Forum. The joint public/private sector Forum provided an opportunity for participants to share their views and experiences with regard to the opportunities provided by FinTech and RegTech

Jost Stollmann

Jost Stollmann

Executive Director, Tyro Fintech Hub

Jost Stollmann arrived in Australia literally by accident, when his sailing yacht hit an undocumented reef in Fiji in 2003. He had his yacht repaired in Brisbane, fell in love with Sydney and decided to stay. Since then, he has become one of the key pioneers in the FinTech ecosystem.  

Before arriving in Australia, Jost was a driving force for innovation in Germany. After graduating from Harvard Business School, he created the German system and network integrator, CompuNet, in 1984 and turned it into a US$1B company. From this, he led the integration and expansion of GE Capital IT Solutions across Europe. Each role saw Jost take ‘the road less travelled’ and revolutionise the business and start-up scene in Germany.  

Following his time at GE Capital, Jost was appointed as the Federal Shadow Minister of Economy and Technology, where he ran a successful campaign for Gerhard Schröder, who was elected as Chancellor of Germany in a landslide victory. 

 Being a serial entrepreneur, Jost has played a pivotal role in disrupting the banking industry in Australia by challenging the big bank oligopoly. He launched Australia’s first nextgen bank, Tyro Payments, offering integrated, mobile, cloud-based banking to small-to-medium enterprises (SMEs).   

Since arriving in Australia in 2004, Jost has grown Tyro into one of the most prominent FinTechs with more than 340 staff and processing more than $8.6 billion in EFTPOS transactions in the last financial year.  

With Tyro being the first technology company in Australia to gain a full bank license in 2015, he has introduced ‘nextgen’ banking into the Australian market, providing 17,000 SMEs with frictionless banking and access to unsecured cash flow-based lending.

 After more than 10 years at the helm of Tyro, Jost decided to hand over the reins to Gerd Schenkel, founder of NAB’s U-Bank as new CEO. As full time Executive Director, Board member and largest shareholder, Jost continues to define the company’s strategic direction whilst building Tyro’s profile both locally and abroad.

Sophie Higgins

Sophie Higgins

Assistant Director - Regulation and Strategy, Office of the Australian Information Commissioner

Sophie Higgins is the Assistant Director of the Office of the Australian Information Commissioner’s (OAIC), Regulation and Strategy Branch. She joined the Office of the Privacy Commissioner in 2008.

Sophie’s team is responsible for the OAIC’s regulatory and strategic policy response to privacy issues across a number of areas, particularly in technology, credit and international.

Examples of Sophie’s other work includes close involvement in the privacy law reform and implementation process including in the development of the Australian Privacy Principles Guidelines; advising External Dispute Resolution schemes on the operation of consumer credit reporting requirements; and developing submissions on the operation of consent-based privacy regulatory models in the context of complex information handling practices.

Matt Symons

Matt Symons

Co-founder, Red Marker

Matt builds and invests in disruptive technology businesses. Matt is based in Sydney and is currently the CEO and co-founder of SocietyOne, Australia's first fully compliant P2P lender and owner of the ClearMatch™ technology platform. 

Prior to returning to Sydney Matt was the CEO of Memetrics Ltd a profitable, rapid growth data and analytics technology business based in San Francisco. After managing the successful sale of Memetrics to Accenture in 2007 Matt spent 4 years as the Partner responsible for leading Accentures marketing data management and analytics team from San Francisco. Matt's practice was centered around large scale digital transformation projects with a focus on innovative technology adoption within the enterprise. 

Matt is an active angel investor with 10 current investments and a couple of successful exists (including the sale of Quotify to Telstra in 2011). 

Matt graduated with a law degree from the University of Melbourne and has worked as an attorney for both Korea's largest law firm, Kim & Chang, and one of Australia's largest law firms, Minter Ellison. Matt went on to co-found the Australian Development Fund (ADF), a successful early stage investment fund focused on emerging technology. 

Matt managed business development at Myinternet (formerly SchoolsNet), an ADF portfolio company, where his responsibilities included revenue generation, closing several rounds of venture capital and ultimately securing a strategic investment from a large telco prior to the successful sale of MyInternet in 2007. 

Specialties:technology platforms, data and analytics, marketing data, digital experience optimization, performance marketing, digital transformation, emerging digital technologies, innovation, digital advertising technologies, angel investing, venture investing, trade sales

Deborah Ralston

Deborah Ralston

Professor of Finance, Monash University and Chair, Digital Finance Advisory Committee, ASIC

Dr Deborah Ralston is Professor of Finance at Monash University and is Principal Investigator on the CSIRO-Monash Superannuation Research Cluster. She has held a number of senior leadership positions in Australian Universities, most recently as Executive Director of the Australian Centre for Financial Studies (ACFS). 

Deborah is Chair of ASIC’s Digital Finance Advisory Committee (DFAC) and is also a part-time member of the RBA’s Payments System Board. She has over 20 years experience on public and private sector boards and is currently a non-executive Director of Mortgage Choice, where she chairs the Investment Committee for Mortgage Choice Financial Planning. Her research interests include financial regulation, superannuation and innovation.

Dr. Alex Johnston

Dr. Alex Johnston

Director of Client Technology, Pacific,Thomson Reuters

Dr. Alex Johnston a futurist in a role that cultivates my passion for emerging technology. Actively investigating blockchain, smart contracts, cognitive computing, semantic web, IoT and other disruptive technologies.  Dr. Johnson discuss these trends, their impact on the financial services up to a 5 year horizon, and how Thomson Reuters is responding. He is also active in the local FinTech space, working with Stone & Chalk to bring content and distribution channels to innovators. His background includes 15+ years in emerging technology, product development & architecture – creating some of the first internet and mobile banking platforms in the UK and uplifting financial products with SOA, BPM, SaaS, PaaS and Cloud technology.

Julian Fenwick

Julian Fenwick

Chair, The RegTech Association

Julian Fenwick is the Managing Director and founder of Governance Risk & Compliance Solutions. He is also the CEO of Better (US) Incorporated, and one of the founders of The RegTech Association (RegTech). 

Julian moved into the regulatory compliance industry in October 2000. Since that time he has been instrumental in the development of the online compliance training industry in the APAC region. Lately he has been working on adaptive eLearning technology to streamline mandatory compliance training. He has also been influential in the design of several other compliance technology platforms. 

Julian is a regular presenter in Australia and Asia on innovation, entrepreneurship, RegTech, and managing organisational compliance. He is an enthusiastic supporter of the Australian start-up community with a particular interest in adaptive eLearning technology. 

Julian holds a Masters of Business Administration from the University of Sydney and is a graduate member of the Australian Institute of Company Directors and a member of the GRC Institute.

Harry Toukalas

Harry Toukalas

Group Managing Partner, Blackhall & Pearl

Harry has significant global experience in the fields of risk and business management. He commenced his senior career with the NAB as the Australian Head of Operational Risk before joining Bankers Trust as the Regional Vice President Risk Management for Asia/Pacific.

He then returned to the NAB as the Global General Manager of Operational Risk and Compliance for the Group. Harry subsequently became the founding Managing Director of the Bank of Cyprus Australia (now Delphi Bank), building it into a full service retail bank.

He is currently completing a PhD on Risk Culture.

Julia Walker

Julia Walker

Head of Risk Market Development, Asia-Pacific & Japan, Thomson Reuters

Julia is the Head of Risk Market Development for Asia Pacific and Japan. She is a strategic and transformational leader who has worked in leadership roles in London, Sydney and Singapore. Across Asia she drives a number of key RegTech discussions focusing on KYC, AML, CFT, Financial Regulations, Digital Identity and how to fight financial crime and modern day slavery.

Having worked with teams across the globe to drive business success, reduce risk and adhere to regulatory obligations, she brings a unique view to the challenges that Asia Pacific clients have. Julia is passionate about gender equality, financial inclusion and economic empowerment.

Mark Adams

Mark Adams

Senior Executive Leader - Strategic Intelligence, ASIC

Mark leads ASIC's Strategic Intelligence team that provides specialist strategic risk, research and data analytical advice and support to the Commission and ASIC's business teams. This team includes ASIC's behavioural economics unit. Mark also leads ASIC's internal coordination team that implements ASIC's Innovation Hub initiative.

During his time at ASIC, Mark has held a range of senior executive positions at ASIC including lead of ASIC's competition in equity markets project and the Exchange Market Operators, Regulatory Policy and International teams.

In recent years, Mark was seconded to the Financial System Inquiry Secretariat in 2014 as a Principal Adviser and to the Ontario Securities Commission in 2012-13 as Director, Strategy, Research and Risk.

Prior to joining ASIC, Mark worked in the corporate and superannuation areas of a national law firm.

Bruce Wren

Bruce Wren

Chief Executive Officer, WordFlow

An experienced entrepreneur keenly interested in commercialising cuting-edge technological innovation, Bruce is a leader with extensive strategic experience. He has been involved in the enterprise software market for over 25 years. Bruce founded Wordflow (formerly known as Swipe) after 15 years in the content management business. His vision was to create an organisation that was dedicated to helping organisations manage their information in a web and mobile world.

Previously, Bruce was Chairman of EpiServer Asia. He holds an MBA from Macquarie University.

Murray Bruce

Murray Bruce

Director, Geography Leader Asia Pacific Market Leader Australia/New Zealand Watson Platform, IBM Corporation

Murray is a thought leader in cognitive computing, artificial intelligence and augmented intelligence across industries.  He has extensive cross-industry experience in big data, analytics, integration and complex systems integration helping clients drive increasing value out of data through greater understanding, reasoning, learning and interaction. Murray has worked closely with clients across Asia Pacific to help them transform their operations to drive enhanced outcomes leveraging emerging cognitive computing capabilities.

In previous roles Murray has worked with the major oil & gas and mining companies across Asia helping them instrument, interconnect and build intelligence into their complex production facilities and major capital projects.  He also led the significant information systems consolidation and transformation for IBM with the Australian Department of Defence.  He has been extensively involved in complex major capital projects and strategic reform solutions. 

Prior to joining IBM Murray held a number of senior appointments in Defence and cyber security.  Murray's earlier career in the Royal Australian Navy was as a Weapons Electrical Engineer Officer & Test Director in submarines.  Murray has held national and global executive appointments in key innovation and integrated operations organisations in the Defence, security and natural resources domains.  Murray has leveraged IBM’s consulting, cloud, big data, cognitive computing and mobile capabilities in these activities.  Murray has also worked extensively with other technology providers across industries to jointly deliver outcomes to address demanding client challenges.

Murray holds a Masters of Business Administration and a Bachelor of Electronic Engineering.  He is also a member of the Institute of Company Directors.  

Murray champions diversity within IBM and with clients more broadly.  He also actively coaches and mentors a number of existing and past employees.  In addition, Murray is IBM Australia’s executive sponsor for the architect profession with a key focus on skills and experience transformation.

Liming Zhu

Liming Zhu

Research Director Software & Computational Systems, Data61 | CSIRO

Liming leads the Software and Computational Systems Research Program (one of the four programs) at Data61, CSIRO. The research program has 200+ people innovating in the following (but not limited to) research areas: big data analytics infrastructure, computational and simulation sciences platforms (including verticals such as imaging processing and bioinformatics/life sciences), data integration, data platforms, trustworthy systems, distributed systems, business process management, legal informatics, provenance, behaviour analytics, blockchains, software ecosystems, software engineering/architecture, DevOps and cybersecurity.

Beverley Head

Beverley Head

Freelance Writer and Consultant

Beverley Head has been a business journalist since the 1980s, initially in London, then Sydney. For a decade she was the information technology editor of the Financial Review before becoming the newspaper’s features editor. She focusses on way technology affects and shapes business, education, industry and society. Now a freelance writer Beverley has written for a wide range of publications including The AFR, The Age, BRW, Banking Day, Campus Review, Education Review, In The Black, ITnews, Government Technology Review, and The Sydney Morning Herald. In 2004 she was awarded the Kester Cranswick lifetime achievement award for her work as a journalist. She holds a Bachelor of Arts in Metallurgy and the Science of Materials from Oxford University.

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