RegTech in the driver’s seat as AI, cloud adoption accelerates

Nicole Bittar

Enabling the adoption of sustainable business practices is the way forward for regulatory technology, according to Leica Ison, the deputy chair and non-executive director of the RegTech Association (RTA) — a global, non-profit centre for excellence that is committed to accelerating RegTech uptake.

“We’re seeing an exciting intersection of technology coming together with regulation — things like artificial intelligence, machine learning and cloud platforms — to solve real problems,” said Ms Ison from London, where she is broadening the scope for RegTech in European markets.

Ms Ison is also a multi-award winner, founder of Melbourne enterprise platform Skyjed and a renowned startup mentor.

RegTech Association deputy chair and non-executive director Leica Ison

Presciently translated as “growth” in Tibetan, Skyjed recently reached 100 customers on its product management and governance platform since its 2017 inception.

“The global customer base is very real, because the majority of RegTech’s these days are drawing on the scalability/capability of cloud-hosting providers, like Microsoft and Amazon, to solve a lot of leading industry problems for multiple segments,” Ms Ison said.

This growth potential includes the capacity for job creation in Australia, making it ripe for export opportunities.

“We’re well and truly punching above our weight in emerging, exciting RegTech’s to solve. With the support of government policy and the leadership work that the RegTech Association is doing, we have the potential to be a significant export industry for the Australian economy and a new, knowledge-based economy,” Ms Ison explained.

Following a successful 20-year corporate career in the tech sector, Ms Ison embarked on a professional hiatus — interviewing 100-plus business leaders in the US and UK. What came to light was a uniform need for product trust and the importance of lifecycle management being strategic areas for innovation.

These insights set the scene for people and planet, regulatory innovation, and accelerating the adoption of RegTech — which are the three key themes to be explored at the annual #ACCELERATERegTech2023 conference, presented by The RegTech Association and corporate sponsors.

The chosen themes underpin the narrative that the RTA supports, including environment, social and governance impacts, the importance of innovation across the regulatory eco-system and the challenges and opportunities for more widespread adoption of RegTech to bring elevated levels of trust and confidence.

The conference combines a free virtual event scheduled for 9:30pm (AEST) on 26 April with a full-day, face-to-face event, scheduled from 8am (AEST) at the Hilton Sydney, 488 George Street, on 27 April.

The virtual event encompasses a two-hour snapshot of the three conference themes, including regulators, institutions and government.

Keynote speakers include Renee Roberts from the Australian Prudential Regulation Authority, Duncan Taylor from Microsoft, Mark Adams from the Australian Securities & Investments Commission, Lukasz Kubicki from European Central Bank, Aoife McGillion from Bank of America, Merrill Lynch, and many other leading lights in the finance and regulation realms.

The virtual event will also be fully recorded in order for participants to review key insights.

Network with industry peers at the #ACCELERATERegTech2023 face-to-face event, which, free from pandemic restrictions, will take place in a convivial and constructive forum in Sydney for the first time in three years.

Based on the strength of previous attendances, the RTA is expecting a total of 1,400 members, industry participants and trade delegations, who will present potential opportunities and discuss the challenges across the three event-themed areas.

For event information and registration, interested participants can register HERE.

This article was produced by in partnership with The RegTech Association.

Do you know more? Contact James Riley via Email.

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