"Prudent thinking can empower regulatory measures"
In the dynamic world of finance and technology, Julia Quittek stands out as a pioneer, advocating for a more streamlined and user-friendly approach to financial regulation. As the co-founder of Consalty, a RegTech company, Quittek is on a mission to revolutionize the way banks and financial service providers navigate the complex regulatory landscape.
Consalty's mission is to simplify financial regulation for banks and financial service providers by leveraging technology to streamline compliance processes. The company achieves this by automating regulatory tracking, interpreting complex obligations, and facilitating risk identification and management within financial institutions.
By automating compliance workflows, Consalty aims to save time and reduce errors, while delivering intelligent, human-guided automation for monitoring and managing regulatory changes. The goal is to simplify the interpretation of complex regulatory requirements, enabling financial institutions to maintain agility and improve customer experience despite increasing regulatory demands.
Quittek's vision extends beyond Consalty. She believes that regulation can enable innovation if it is user-centered, automated, and clearly designed. She supports the EU-AML regulation as a means to bring more clarity to financial regulation, and views the EU-AML regulation by 2027 as a significant step towards harmonization and more clarity in financial regulation.
Quittek's background is diverse, with a career in the pharmaceutical industry before moving into payments through management consulting. This unique perspective allows her to approach financial regulation from a business-friendly standpoint, making it understandable and feasible for businesses.
In her daily life, Quittek is an avid fan of fitness and owns a French Bulldog named Lotti. When she's not working, she enjoys activities such as CrossFit, trailrunning, triathlon, and spending time with her pet.
Quittek's work with Consalty and her advocacy for clear, user-centered financial regulation are shaping the future of the payment and banking sector. By uniting regulation and customer experience, she is building trust through clarity and simplicity in the AML flow, and enabling innovation in the sector through well-thought-out regulation.
In addition to Consalty, Quittek also uses various finance apps for both personal and business use. PayPal is one of her favorite apps for daily use, while Scalable and Qonto are her go-to apps for investing and business purposes, respectively.
The team at Payment & Banking, where Quittek is a contributor, is a diverse group of founders, investors, consultants, and editors with a mission to deliver deeper insights and actively shape the finance and fintech industry. Together, they are working towards a future where financial regulation is less of a burden and more of a catalyst for innovation.
[1] RegTech: The Future of Compliance - Consalty Whitepaper [3] RegTech and the Future of Compliance - Payment & Banking Article
- Julia Quittek, a pioneer in fintech and finance, champions a more user-friendly approach to financial regulation through her company, Consalty, a RegTech firm, which aims to streamline compliance processes for banks and financial service providers by utilizing technology.
- Quittek's vision for financial regulation goes beyond her work with Consalty, encompassing the belief that regulation can power innovation when it is designed to be user-centered, automated, and transparent, as she sees the EU-AML regulation by 2027 as a significant step towards harmonization and clarity in the sector.
