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“ The good news is that Australian firms are starting to take action to respond to the changing risk landscape . A significant 43 % of firms view investments in RegTech solutions to strengthen cyber and fraud risk defenses as a competitive advantage , ahead of the global average of 37 %.
“ We are witnessing a surge in demand for robust RegTech and surveillance tools across operations . As risk management takes center stage , Australian capital market firms are acting fast to answer the call and up their investments in their risk capabilities to cement their position as global leaders .” p
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