Innovation Hub events

ASIC presents at fintech meetups and events to discuss the Innovation Hub and our approach to new business models, and to answer questions on regulation and compliance.

 

Voice Analytics Symposium

Tuesday 24 September 2019

Join ASIC and Australia’s first fintech minister, Senator Jane Hume, in Melbourne to learn the results of our Voice Analytics & Voice-to-Text (VA&VT) trial.

Earlier this year, ASIC conducted a VA&VT trial examining issues identified in ASIC’s Report 587 The sale of direct life insurance. The report found that inappropriate sales practices led to poor consumer outcomes.

ASIC chose three trial demonstrators, Call Journey, Daisee and Deloitte, via a tender process. They were provided with a dataset of 1,700 life insurance sales calls and were asked to apply their regtech solutions to analyse and report on calls to determine:

  1. whether call quality was sufficient to transcribe the voice data in the calls into text
  2. if the call quality allowed for it, to identify poor conduct by directly analysing voice signals, and/or using other methods.

If you can’t join us in Melbourne, the symposium will be broadcast live on YouTube and Sli.do. There will be interactive Q&A sessions via Sli.do, as well as Twitter, using the hashtag #ASICregtech19.

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Future regtech trials: 2019–20 and beyond

ASIC may undertake other regtech trials in the future, focusing on:

  • Machine learning monitoring of lending (problem-solving event).
  • Technology-based tools to support non-financial risk management (a symposium).
  • Digital record keeping of financial advice (landscape report).
  • Behavioural insight (technology-based tools stocktake).
  • Structured financial information of public companies (case study).

For more information on future regtech trials, contact regtech.initiatives@asic.gov.au.

Financial Advice Files Symposium

Thursday 22 August 2019

The second event in ASIC’s Regtech Initiative series – the Financial Advice Files Symposium – saw six demonstrators analyse financial advice files to identify risk indicators around non-compliance. These new technologies have the potential to help advisers and entities meet their regulatory and professional requirements.

In his opening statement, Deputy Chair Daniel Crennan QC said the financial advice industry should include capacity to explore, test and implement ‘compliance-by-design’ regtech solutions into their business model. This message was reinforced by industry experts, sharing their observations of regtech trends and projections of what’s to come during the panel discussion and commentator observation sessions.

Watch the event: available below on livestream.

Subscribe for event content including presentations, summaries and findings.

Monitoring Financial Promotions Symposium

Friday 2 August 2019

The first event in ASIC’s regtech initiative – Monitoring Financial Promotions Symposium – saw five demonstrators analyse financial promotional material (both traditional and non-traditional media) to extract key features and identify potential risk characteristics.

Commissioner Cathie Armour set the tone in her commencement address by announcing the regtech initiative is about keeping an open mind and providing better outcomes for consumers. This message was reinforced by industry experts, sharing their observations of regtech trends and projections of what’s to come.

Watch the event: the entire session is available below on livestream.

For any specific sessions from the event, follow the follow links:

Subscribe for event content including presentations, summaries and findings.

 

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Financial Advice Promotions Symposium

2 August 2019

This inaugural Regtech Initiatives event successfully wrapped up. It displayed how regtech can help improve compliance and quality of financial promotions and advertising, both printed and online.

Click here to watch the livestream

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Fintech innovations podcasts

31 July 2019

This podcast series from Toronto Centre gives regulatory and market perspectives on fintech innovations currently taking place in Australia.

Introducing the newest technology to capital markets - Oliver Harvey, ASIC and Katie McDermott, ASX provide regulator and industry perspectives.

To protect or to foster innovation: An inside look at a regulator's initiative to do both -  Mark Adams, ASIC

Listen to the podcasts


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Events

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Voice Analytics & Voice-to-Text Trial and Symposium

Join ASIC on Tuesday 24 September 2019 to learn the results of its Voice Analytics & Voice-to-Text (VA&VT) trial.

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Last updated: 16/09/2019 05:08