With 2021 set to bring about a tidal wave of regulatory reforms, Australian financial services institutions are fast running out of time to implement new mandatory reporting practices for potential regulatory breach issues – including fee miscalculations, deficient consumer advice or cyber-attacks – but the launch of a new ‘RegTech’ platform by national law firm Gadens is set to dramatically improve the regulatory reporting landscape for its users.
Gadens Breach Manager – the first-of-its-kind, cloud-based RegTech platform which officially launched this month – streamlines the information collation, assessment and reporting process of potential regulatory issues to one online platform, allowing financial services institutions across the country to ensure defensible, timely and cost-effective compliance with the new and newly important regimes, including BEAR/FAR, ADI, AFSL and ACL obligations, AML/CTF, Privacy and Design & Distribution.
Powered by Lawcadia, Gadens Breach Manager uses an intelligent and secure platform engine – Lawcadia Intelligence™ – which was launched in October 2020 and is supported by an ISO 27001 certified information security management system.
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