IRESS invests in Lucsan
MEDIA RELEASE - Sydney, 25 September 2017. Australian technology leaders, IRESS and Lucsan, today announced a partnership that will accelerate the application of RegTech in the financial services landscape.
IRESS is making an equity investment in Lucsan: an established, Australian-owned RegTech and data analytics company providing leading technology solutions to a wide range of companies, including Australia’s major banks.
Lucsan’s vision is to help financial institutions proactively reduce the ongoing cost of compliance and implement improved practices with its RegTech solutions. The minority equity position will support Lucsan’s own growth strategy as it focuses on expanding its business in Australia and more broadly into international markets.
Aussie RegTech Lucsan paves the way for industry-wide collaboration
MEDIA RELEASE - Sydney, 25 September 2017. Leading Australian RegTech Lucsan today announced a strategic partnership that will accelerate the application of RegTech in the financial services landscape. IRESS, one of Australia’s largest providers and exporters of finserv technology, has made its first minority investment in Lucsan, in a positive move that will deliver the value of cross-collaboration to the RegTech industry.
Lucsan, an established Australian-owned RegTech and data analytics company, provides leading compliance technology solutions to a wide range of companies, including some of Australia’s major banks.