Contributing to a resilient and sustainable Australian financial services sector
ADI and FinTech specialists
Tailored solutions
Industry and regulatory experience
Social purpose
Gen Advisory® provides specialised services to ADIs and FinTechs
We help ADIs and FinTechs fulfil their
commercial and regulatory objectives
Gen Advisory Pty Ltd is a specialist Australian professional services firm supporting authorised deposit-taking institutions (ADIs) and FinTechs.
As banking specialists, our advice and services are tailored to meet the ever-adapting demands of the Australian financial sector.
Gen Advisory comprises a collaborative and multi-disciplinary team of professionals. Our team members have extensive banking regulatory and industry experience, having previously been employed by: the Australian Prudential Regulation Authority (APRA); National Australia Banking Group (NAB); and Australian Government, among others.
A trusted authority on the issues relevant to the Australian financial services sector
Providing tailored advice and services to ADIs and FinTechs
Extensive regulatory and industry experience
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Consumer Data Right
Helping ADIs and FinTechs implement the CDR
To implement the CDR, ADIs will at least need to develop a sufficiently robust application programming interface (API). More broadly, ADIs and FinTechs alike will need to assess critical factors such as: customer-retention strategies; product offerings; IT security; and privacy policies, among others.
Sustainable Finance
Helping ADIs and FinTechs
provide sustainable finance
RegTech Innovations
Helping ADIs and FinTechs
benefit from RegTech technologies
Gen Advisory is an advocate for increased RegTech adoption in Australian financial services. RegTech innovations (in areas such as AML, KYC, responsible lending etc) allow ADIs and FinTechs to significantly reduce risk and regulatory costs , while freeing up compliance teams to focus on higher-value tasks.
Gender Pay Gap
Helping ADIs and FinTechs
reduce gender pay gaps
Hayne Royal Commission
Helping ADIs and FinTechs
adhere to the RC's recommendations
The Royal Commission’s Final Report contained 17 recommendations for the banking sector and 3 cross-sectoral recommendations on “culture, governance and remuneration”. Of greatest impact on ADIs and FinTechs to date have been: (1) the extension of the BEAR regime to broader areas within ADIs; and (2) the Report's findings pertaining to "conflicted remuneration".
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Force for Good
Helping ADIs and FinTechs
"do well by doing good"
Gen Advisory has observed strong investor demand for sustainable finance instruments such as sustainability-linked loans and bonds, both within Australia and internationally. We believe that sustainable finance is an exciting area which will grow significantly in the next few years. ADIs and FinTechs have the potential to contribute to, and benefit from, this global trend.
The Australian “financial and insurance services” sector is one of the most female-dominated sectors in Australia. It is unfortunately also a sector with one of the highest gender pay gap rates in the country.
According to statistics published by the Workplace for Equality Agency (WGEA), as of February 2020, the sector’s mean pay gap stood at 22.2%.
Almost all Australians are either a customer or an employee of an ADI or FinTech. Given this wide reach, ADIs and FinTechs have the ability to contribute to solving some of the most pressing social issues currently afflicting Australian society. These include: Australia’s aging workforce; domestic violence; substance abuse; and financial exclusion, among others.
What People Are Saying
Scott Glasgow
Founder and Managing Director - FinMango (US)
Clement Fernandez
Banking Regulator - APRA
2002 - 2014
Gen Advisory Pty Ltd is a firm of high integrity that also possesses the expertise to create tremendous benefit for their clients. They are very committed to supporting the financial sector and understanding first-hand the needs of its participants. I believe you will find Gen Advisory to be a top-notch partner that will create value for years to come."
(Gen Advisory's founder) Michael Lukman had been a proactive supervisor with a strong capability to identify emerging risks and take action before they became an issue. He was a team player who actively participated in, and shared his experiences with, supervisory groups that he was a member of. His technical skills as a supervisor of financial institutions, particularly banks, was outstanding."
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