New analysis shows Australia’s local RegTech industry is the third largest in the world. However, Australia’s local industry attracts just 1 per cent of global equity funding, with investment falling by 50 per cent since 2018.
The RegTech Association recommend the establishment of new funding pools, including diverting a portion of the fines and penalties levied against regulated industries to support local RegTech companies to develop new solutions to improve compliance.
Read the media release here.
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