I should have named this discussion "Industry and Competitor Analysis". Adrian has mentioned RegTech as an area that Cirralto needs to incorporate into its processes and services a few times. He has also mentioned the possibility of making a RegTech acquisition.
What is RegTech? Deborah Young, the founding CEO of The RegTech Association, defines it as "...a functional role involving reporting, monitoring, verification, risk analysis, governance, and compliance that addresses risks including fraud, data protection, and regulatory compliance."
https://resources.vizorsoftware.com/trust-and-transparency-how-regtech-helps-us-do-better-business
I found the BDO Fintech Fridays webinar covering RegTech (recorded Feb '21) a good introduction to the industry sector in Australia:
https://www.bdo.com.au/en-au/insights/financial-services/webinars/fintech-fridays-regtech
Anyone interested in RegTech might want to also read up on the global adoption of ISO 20022 [ISO standard for electronic data interchange between financial institutions]. I found the following article fairly succinct:
https://www.fintechfutures.com/2020/01/iso-20022-stepping-in-the-right-direction/
Also:
https://en.wikipedia.org/wiki/ISO_20022
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