Financial Advice Compliance
RegTech driving consumer confidence in advice
Designed to benchmark and raise the quality of financial advice, Advice RegTech's Surveillance and Monitoring Intelligence (SAMI) enables efficient oversight for licensees, professional associations and regulators, through patented, prescriptive analytics software.
Proactive, pre-emptive
Assess the quality of financial advice and best interest duty processes, for efficient pre-emptive guidance and proactive resource allocation.
Compliance by design
Compliance made easier, with analytics for efficient assessment, enhancement, surveillance and monitoring of Statements of Advice and Best Interest Duty processes. SAMI (Surveillance and Monitoring Intelligence) financial advice compliance software, developed by Advice RegTech in collaboration with Veriluma, was recognised as a Compliance Innovator of the Year finalist in the Fintech Business Awards 2017.
RegTech Regulatory Technology
RegTech (Regulatory Technology) enables organisations with regulatory, monitoring and surveillance responsibilities the ability to more effectively oversee their industry participants to protect consumers.
Intense scrutiny of financial services
The financial services sector continues to be under intense scrutiny. With Parliamentary inquiries and ASIC test cases in court regularly hitting the front pages of the paper, the cost and efforts of compliance, monitoring, and surveillance of advice providers and practices have never been more critical. With Life Insurance and professional standards legislation now adding to the FOFA reforms, the spotlight on Best Interest Duty compliance processes intensifies.
Advice RegTech Solutions
Advice RegTech can help AFSLs, wealth management and advice divisions in the banks and life companies, professional bodies and regulators.
Consulting and software solutions for organisations seeking to improve compliance outcomes to meet regulatory and consumer imperatives.
- SAMI: Surveillance and Monitoring Intelligence for licensee's oversight of advice quality and audit effectiveness. Designed to raise consumers' trust and confidence in financial advice, and reduce the cost and burden of compliance for advisers, licensees, professional bodies, and regulators. SAMI enables Licensee oversight to support best interest duty and related obligations. Recognised as a Compliance Innovator of the Year finalist in the Fintech Business Awards 2017
- KRIS: Key Risk Indicator Solution to predict adviser behaviours is a consulting and software solution inspired by the concerning results from ASIC’s Report 515 of large institutional advice compliance. KRIS is designed for Australian Financial Services Licensees (AFSLs) to assess probabilities and potential risk in their licensed advisers.
- MADD: Management and Adviser Due Diligence - helping you avoid bad apples
Avoid getting 'mad', avoid recruiting 'bad apples' into your business. Use MADD (Management & Adviser Due Diligence) before you on-board new management and advisers, to optimise your due diligence background checks.
- CyRUS to protect against data loss
- UPSIDE an underwriting decision engine for insurers and re-insurers to enhance underwriting decisioning and consistency.
Who are we?
Fraser Jack and Samantha Clarke, the co-founders of Advice RegTech Pty Ltd, have over 40 years combined financial services experience, from multinational blue-chips in Australia and globally in addition to start-ups and consultancy. For more info see the About Us section.