Financial Advice Compliance

RegTech driving consumer confidence in advice

To benchmark and raise the quality of financial advice and audits, Advice RegTech's solutions are designed to enable efficient oversight for licensees, professional associations and regulators.

Proactive, pre-emptive

Compliance made easier for efficient assessment, enhancement, surveillance and monitoring of Statements of Advice and Best Interest Duty processes. 

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. 

Best Interest Duty to Consumers

The financial services sector continues to be under intense scrutiny. With information revealed by the Royal Commission  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 is designed to support Licensee oversight of best interest duty and related obligations.  Recognised as a Compliance Innovator of the Year finalist in the Fintech Business Awards 2018 and 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.

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