Milestone Acquisition in Mutual Banking Compliance

Aussie RegTech GRC Solutions expands capabilities with milestone acquisition

20 October 2017, Sydney, Australia.

Australian RegTech company GRC Solutions today announces the further expansion of its capabilities through the very significant acquisition of COBA’s (Customer-Owned Banked Association) legal and compliance division.

This sector-disrupting move will see the company become leading compliance education experts, benefiting the broader industry. The company has gone from strength to strength, growing its global operations in recent years. This latest announcement is particularly key for the Australian business.

Julian Fenwick, Managing Director of GRC, said the strategic growth opportunity will see the organisation continue to develop and deliver premium quality compliance training and advice to a wide range of industries, with the advantage of strengthened legal and compliance services.

We are very excited about this key milestone acquisition of COBA’s legal and compliance division. At the forefront of the acquisition are GRC’s technology applications, which will drive greater scale on both technology and content to enable more effective and efficient delivery of resources. We have now taken a further step towards becoming the sector’s go-to industry leader for compliance education expertise.

The strategic move means that COBA’s current members will benefit from targeted resources, as well as a broader range of products and modernised delivery platforms, to further support compliance and risk activities.

Julian Fenwick said that COBA members will gain from access to GRC’s agile compliance technology and industry-relevant opportunities. “GRC is continually developing cutting-edge adaptive eLearning technologies for compliance, designed to improve competence, comprehension and conduct. COBA members will have access to this technology, as well as access to varied and industry-relevant activities like strategic networking events.”

GRC are now a one-stop-shop for relevant, realistic and revered industry knowledge. The RegTech has also entered into a partnership with Ash St, a leading legal services and advisory firm providing multidisciplinary advice on the most complex business problems.

Moving forward, GRC and Ash St will deliver forward-thinking and cutting-edge legal, compliance and regulatory expertise to the industry, with a focus on advisory services that meet the challenges of today’s digitally-disrupted organisations.

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For media inquiries, contact Prue Roberts, Manning & Co. on 02 9555 5233 or at prue@manningandco.com.au

About GRC Solutions (www.grcsolutions.com.au): GRC Solutions is a RegTech company and leader in  award-winning online compliance training, spanning legal compliance, risk management and ethics. Across the private, government and non-profit sectors, GRC helps organisations to build resilient cultures amid complex legal and regulatory environments. Headquartered in Sydney, Australia, GRC has a strong international presence in the US, New Zealand and Asia.

About Ash St (www.ashstreet.com.au): Ash St is a boutique professional services firm that provides forward-thinking, multi-disciplinary advice on the most complex business problems. Ash St’s vision is to disrupt traditional ways of thinking about professional services through a client-centric approach and an agile business model.