Welcome to the New World of Regtech

The Australian Financial Review reported on how regulatory authorities around the world are waking up to the potential that the nascent RegTech industry offers to make bank compliance more effective and efficient. Starling is mentioned as one of several leaders in this emerging space.

The full article is available here.

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‘Criminalized’ compliance may backfire in quest for better Wall Street cultures

Very interesting and thoughtful article distributed on Reuters regarding the state of bank regulatory culture. Banks have designed their compliance programs as extensions of the regulators that oversee their operations. In other words, they’ve in-sourced enforcement functions – creating a culture of enforcement that can actually work against effective compliance programs.

A new approach is needed that encourages strong cultures that reinforce open information sharing and self-reporting. As the author specifically notes, Starling is building the tools that can support such a change.

Here is a link to the full article.

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Starling invited to join Fintech Hive Accelerator in Dubai

Starling Team

Starling is excited to announce that it has been selected as one of 11 fintech startups selected into the inaugural Fintech Hive Accelerator program. The Fintech Hive is sponsored by the Dubai International Finance Centre (DIFC), a free economic zone established by the Dubai government to encourage investment in the financial services industry. The Hive brings together cutting edge startups from around the world to meet with global and regional banks and financial services industry leaders in the region.

Over 100 startups applied to participate in the 2017 class. Starling was one of three startups selected from the United States and the only one selected from the RegTech space.

The full press release is available here.

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Starling selected for Accenture’s Fintech Innovation Lab Asia-Pacific

Starling Team

We at Starling were pleased to be invited to join this year’s Fintech Innovation Lab Asia-Pacific Accelerator program. With over 100 startups applying from around the world, Starling was selected as one of the 10 participating ventures for the 2017 program.

The Innovation Lab was launched in Hong Kong in 2014 as a collaboration between Accenture and leading financial institutions to help startups to commercialize their technology and to connect with top executives at leading financial institutions. The program was modeled after a similar program founded by Accenture in New York in 2010. The Asia-Pacific Labs’ alumni companies have raised more than US$135 million in venture financing after participating in the program.

Visit Accenture’s web site for the full press release.

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Former CEO of UK FCA joins Starling’s Advisory Board

Starling Team

Starling is pleased to announce that Martin Wheatley, former CEO of the UK’s Financial Conduct Authority, has joined Starling’s Senior Advisory Board. Starling is fortunate to have someone with Mr. Wheatley’s experience as it builds out its tools that financial institutions use to build stronger and more cost-effective compliance programs. He will join Rick Ketchum, former CEO of FINRA, who was added to Starling’s Advisory Board earlier this year.

Read the full Press Release – June 1, 2017

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