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.

ASIC’s 7th Regtech Liaison Forum

Friday 26 July 2019

Registrations have now opened for the Regtech Liaison Forum. This Forum is intended to facilitate discussions and networking surrounding developments and opportunities that arise from the application of regtech. In convening this event, ASIC seeks to facilitate stronger outcomes for consumers, whilst simultaneously encouraging efficiencies in market performance.

This session will explore:

  • ASIC's upcoming Regtech Demonstration and Symposium events across Financial Promotions and Financial Advice;
  • The latest observation across recent developments;
  • Regulators’ update on use and interest in regtech;
  • Opportunity for Q&A.

The session is being held at each of ASIC's major capital offices, connected via video link. Details are available below - please register to local session best suited to you:

  • ASIC Canberra, L2, 2 Allsop St, Canberra ACT 2601 // Rm 2.01-02 // 3:30PM AEST
  • ASIC Sydney, L5, 100 Market St, Sydney NSW 2000 // Rm 5.01-03 // 3:30PM AEST
  • ASIC Melbourne, L7, 120 Collins St, Melbourne VIC 3000 // Rm 7.43 // 3:30PM AEST
  • ASIC Brisbane, L20, 240 Queen St, Brisbane QLD 4000 // Rm 20.108 // 3:30PM AEST
  • ASIC Adelaide, L14, 91 King William St, Adelaide SA 5000 // Rm 14.01 // 3:00PM ACST
  • ASIC Perth, L1, 11 Mounts Bay Road, Perth WA 6000 // Rm 1.02 // 1:30PM AWST

Places are limited so follow the link below to book your place in the relevant capital city.

Register Here

Places are limited so follow the link below to book your place in the relevant capital city.

This event is open to presentations from across the industry. If you have an interesting case study or experience you'd like to speak on, please feel free to contact regtech@asic.gov.au for a follow-up discussion.

 

We host collaborative regtech events and problem-solving trials on financial advice and promotions, and communications. These events bring together industry and government to promote innovative development of Australia’s financial systems.

The quarterly ASIC Regtech Liaison Forum is an opportunity to network and hear about ASIC’s initiatives and progress.

Monitoring Financial Promotions Symposium

ASIC’s Financial Promotions demonstration and symposium on Friday 2 August 2019 in Sydney is fast approaching.

This event will demonstrate how regtech can help improve quality and compliance in financial advertising and promotions – in both traditional and non-traditional advertising formats.

ASIC has provided trial demonstrators with:

  • An information pack (problem statement, rules and evaluation criteria)
  • A curated advertising dataset containing promotional material relating to banking, credit and insurance.

Using the advertising dataset and other publicly available advertising data, trial demonstrators are invited to publicly submit examples of regtech proposals and solutions that can monitor, identify and analyse quality.

At the symposium on 2 August, trial demonstrators will show their methodologies for analysing the promotional material, extracting key features and identifying potential risk characteristics.

Demonstrations will be followed by a panel session about the opportunities and challenges in applying these technologies.

Registrations for observers to attend on 2 August are open until midnight (AEST) Friday 19 July 2019.

Register Interest Here

For more information, download a Financial Promotions Symposium Information Pack. The pack containing the problem statement, dataset overview, rules, evaluation criteria and event overview.

Download Information Pack

We are using a third party service to process and manage event registration. Before you express your interest and/or register for the event, please read ASIC's Privacy Notice for the use of Eventbrite.

Financial Advice Files Symposium

ASIC’s Financial Advice Files showcase in Sydney on 22 August is taking shape.

Trial demonstrators will show how their regtech solutions can review financial advice for regulatory compliance, resulting in better advice outcomes for Australian consumers.

ASIC has provided demonstrators with:

  • An information pack (problem statement, rules and evaluation criteria)
  • A synthetic dataset containing client financial advice files.

Using the synthetic dataset and other publicly available data, demonstrators are invited to publicly submit methodologies that determine the level of risk and regulatory compliance of financial advice files.

Demonstrations will be followed by a panel session about the opportunities and challenges in applying these methodologies.

Would you like to be a demonstrator? Submissions are due before midnight on Sunday 11 August (AEST), so register your interest below to participate and be kept up-to-date with important event information.

Would you like to attend as an observer? The level of interest has been high and the event is oversubscribed. However, expressions of interest remain open until Thursday 8 August. ASIC will select observer–ticket recipients to maximise audience diversity. Register your interest below.

Register interest here

For more information, download the Event Information Pack containing the synthetic financial advice files, problem statement, dataset overview, rules, evaluation criteria and event overview.

Download information pack

We are using a third party service to process and manage event registration. Before you express your interest and/or register for the event, please read ASIC's Privacy Notice for the use of Eventbrite.

Voice Analytics & Voice-to-Text Trial and Symposium

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

ASIC’s VA&VT trial is examining issues identified in ASIC’s Report 587 The sale of direct life insurance. The report found the behaviour of salespeople selling life insurance fell short of community expectations.

Trial demonstrators were chosen by a tender process. Demonstrators have been asked to apply their regtech solutions to analyse, flag and report phone calls that:

  • contain inappropriate sales tactics such as pressure selling, inappropriate objection handling and sales to vulnerable consumers
  • contain indicators that the consumer may not be comfortable committing to a purchase by identifying behaviours on the part of both the sales agent and consumer (including but not limited to: hesitation, confusion, aggression and gratuitous concurrence)
  • contain inaccurate, insufficient, omitted or inappropriate information about products being provided
  • do not properly identify a product has been sold that differs to what was originally requested.

Symposium and registration details will be available in the new financial year, so watch this space.

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.

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News

Innovation Hub - latest news

ASIC shares  regtech event datasets for financial services industries

8 July 2019

ASIC has shared datasets for demonstrators participating in its first two regulatory technology (regtech) events: Monitoring Financial Promotions (2 August 2019) and Financial Advice Files (22 August 2019).

More information

GFIN: One Year On report now available

25 June 2019

ASIC is pleased to announce the publication of the Global Financial Innovation Network’s (“GFIN”) “One Year On” report. It is a reflection of the GFiN’s achievements and challenges since inception, and ambitions for the future.

More information


Archive

Events

Innovation Hub - events

ASIC's 7th Regtech Liaison Forum

26 July 2019

This Forum is intended to facilitate discussions surrounding developments and opportunities that arise from the application of regtechs.

Find out more

Financial Advice Promotions Symposium

2 August 2019

This event will demonstrate how regtech can help improve compliance and quality of financial promotions and advertising, both printed and online.

Find out more

Financial Advice Files Symposium
22 August 2019

This event will demonstrate how regtech can be used to improve compliance in Australia’s financial industry and advice outcomes for consumers.

Find out more


Archive

Last updated: 09/07/2019 09:54