Risk & Capital Compliance Solutions Partners Up With Apollo Fintech

RiskCapCom is an Australian fintech company that offers a compliance management and reporting system for central bank supervisors/regulators and commercial banks. Although based in Australia, RiskCapCom is also active in Hong Kong, New Zealand, Russia, Saudi Arabia, and other countries.

New Compliance Solutions

Yesterday, Risk And Capital Compliance Solutions confirmed that they are partnering up with Apollo Fintech.

Together, the two companies aim to provide a banking compliance solution complete with CBDC and E-Government perks. The partnership will offer cryptocurrency services and other payment solutions to the Middle East, Africa, Asia, and Australia.

Although RiskCapCom is already established in these regions, Apollo Fintech is not. With the help of the Aussie fintech, Apollo will be able to reach new markets and hopefully bring about benefits that will see a deeper collaboration between the two.

According to Stephen McCullah – the CEO of Apollo – this partnership will also reduce the bureaucracy often encountered within banking systems.

“This exciting partnership enables Apollo Fintech and RiskCapCom to strengthen financial systems, reduce bureaucracies, increase compliance quality, and strengthen economies across the globe. We’re now working with RiskCapCom on an integrated platform of compliance and blockchain/cryptocurrency technology, as well as an e-Payment sandbox license application in the Kingdom of Saudi Arabia (KSA), UAE, Pakistan and a number of other nations.”

Currently, RiskCapCom provides services to the largest and most important commercial banking group in Russia – a group that is within the top 40 commercial banking groups worldwide, and an ASX-listed banking group.

The compliance solution offered by RiskCapCom is also being tested by banks in Saudi Arabia and by Carlyle Square Consultancy.

With more partners and clients said to be in the wings, the business relationship founded yesterday could be one of the big players in the compliance market tomorrow.