"Proper consideration can make regulation a powerful ally"
Consalty: Revolutionizing Regulatory Compliance in Payment and Banking
Consalty, a RegTech company co-founded by Julia Quittek, is making waves in the payment and banking sector. With a mission to deliver deeper insights and actively shape the industry, Consalty offers regulatory technology solutions designed to enhance compliance and risk management in this highly regulated industry.
Located at the crossroads of fintech and regulatory demands, Consalty provides tools that help financial institutions automate compliance processes, manage risks proactively, and navigate the increasingly complex regulatory landscape. The company's focus on AML processes, digital systems, and making financial regulation understandable and scalable sets it apart in the RegTech industry.
Julia Quittek, Consalty's co-founder, believes that regulation can be a real enabler for innovation if it is well-thought-out, technology-driven, automated, and user-centered. She advocates for combining regulation and customer experience, building trust through clarity and simplicity. This approach is evident in Consalty's end-to-end process design that integrates the entire AML flow, from identification to risk monitoring.
The EU-AML regulation by 2027 is a significant step towards harmonization and more clarity, a development that Consalty aims to leverage to bring clarity to the regulatory jungle, allowing banks and PSPs to focus on growth and customer satisfaction.
TeamAt Payment & Banking, an independent economic hub focusing on payment, banking, fintech, crypto, and digital assets, is where Consalty operates. Julia Quittek, an active participant in this dynamic environment, is also a fitness enthusiast, enjoying sports such as CrossFit, trail running, and triathlons.
In the broader context, the Minister of Finance, hypothetically speaking, would view regulation as a product that sets clear framework conditions, focuses on customer benefit, supports innovation, and technological progress. This vision aligns with Consalty's goal to make regulation feasible and enable innovation through user-centered, automated, and clearly designed processes.
Julia Quittek's journey to co-founding Consalty began in the pharmaceutical industry before moving into payments via management consulting. In her personal life, she owns a French Bulldog named Lotti and prefers finance apps like Qonto for business, Scalable for investing, and PayPal for everyday use. When it comes to paying at the supermarket, she opts for a debit card, using contactless payment when it's quick.
However, it's important to note that Julia Quittek does not disclose the amount of cash she has on her person. This is perhaps a testament to the importance she places on financial security, a value that Consalty embodies in its mission to make the often chaotic mandatory process a scalable, robust system that grows with the business.
In summary, Consalty's mission centers on innovating regulatory compliance in payment and banking through technology to ensure institutions operate within legal frameworks while improving operational efficiency and strategic risk management. By focusing on user-centered design, automation, and clarity, Consalty is making a significant contribution to the RegTech industry and the financial sector at large.
- Julia Quittek, the co-founder of Consalty, a RegTech company based at the intersection of fintech and regulatory demands, advocates for the use of technology to automate and simplify regulatory compliance within the payment and banking business sectors, ensuring institutions can adhere to legal frameworks while increasing operational efficiency and strategic risk management.
- Consalty, a key player in the RegTech industry, offers tools for financial institutions to proactively manage risks and navigate complex regulations, showing that technology can be a driving force for innovation in the highly regulated finance sector by making regulatory processes scalable and user-friendly.
