UK-based RegTech Recordsure has partnered with KPMG to launch its analytics technology in Australia.
Through the partnership, KPMG will adopt the company’s tech platform into its existing suite of risk and business transformation solutions marketed to Australian financial services clients.
The tech startup was included in last year’s RegTech100 list, which features the world’s most innovative RegTech companies.
Recordsure combines artificial intelligence, deep learning and machine learning techniques to extract ‘ground-breaking insights’, drive automation and deliver transformational efficiencies around professional interactions.
It enables user to gain business intelligence and efficiencies, whilst ensuring that all professional interactions, including face-to-face meetings, phone conversations and written communications, are compliant with strict industry standards.
Recordsure founder Joanne Smith said, “The overwhelming message I have been getting is the urgent need for change, and the acceptance that throwing more people at the problems won’t solve them.
“Our technology is needed to reform the system. The really encouraging thing is the determination business leaders are showing in addressing the root cause of the issues rather than papering over the cracks. It’s good news for consumers and the industry as a whole.”
Recordsure was founded in 2013 to address the issues highlighted by the FCA and the recent Financial Services Royal Commission.
Last year the company partnered with hosting service for the financial services and banking industries, The Bunker.
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