TIQK and Practifi offer new compliance solution

Sydney-based RegTech company, TIQK, has announced a partnership with Practifi, a business management platform for financial advice and superannuation, to provide advisers an integrated solution that would aid with compliance burdens.

CEO, Steve Thompson, said Practifi shared TIQK’s vision of making regulatory compliance easy for advisers, and to ensure advice in the interest of clients.

Thompson said a component of the partnership would be an integration that allows Practifi users to audit statements of advice, and would deliver TIQK data insights to the Practifi dashboard.

“The combination of Practifi’s business management capabilities and TIQK’s auditing tools significantly reduces the burden of compliance for advisers and licensees,” added Practifi’s chief commercial officer, Adrian Johnstone.

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