“We can supply technology that creates a low-overhead, low-cost, cyber-secure regulatory environment that assists our major financial sector players meet integrity tests quickly," says ProvenDB CTO.

While awareness of compliance issues has broadened throughout the years, industry leaders are still grappling with how to foster a compliance-first culture in the workplace.

Singapore-based AI startup Silent Eight has won the top spot at the RegTech Association Australia’s inaugural pitch fest this year.

“Regulatory Technology or RegTech is an emerging sector where Sydney and NSW have the potential to achieve serious global standing."