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Irish Chamber

2022 Finalist - Realta Logic

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Irish Australian Business Awards Peoples Choice 2022
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“Ever Tried. Ever Failed, No Matter. Try Again. Fail Again. Fail Better.” Samuel Beckett

Realta a Regtech Company, is a product of the power and grá of the Irish diaspora network. By simply being in Australia our Irish roots instantly connected Stephen and I.

My love of all thing’s regulation and compliance and Stephen’s passion for technology and law led us to found Realta Logic in August 2020. Our journey to unlocking the art of the possible, Compliance led Innovation began. A proud Irish led Australian company with a Global vision.

We engaged with CSIRO/Data 61 and their Regtech and Computational Law programme. Our modular architecture built on our proprietary regulatory knowledge graph, a living breathing digital regulatory nervous system for compliance gained attention. We agreed a licence on some of their tech that we had utilised and began to collaborate with Data 61. Data 61 decided to end their Computational Law, Rules as Code and Reg Tech programme. Recognising an opportunity, we approach them and in December 2021 signed an agreement to spin out 15+ years of research and IP to Realta, becoming the sole commercialisation pathway for CSIRO on Regtech project, both for Public and Private entities.

 


In less than 2 years we have secured the backing of CSIRO, began working with both Federal and State governments on projects and collaborations. One example is a decision support tool for Granting Export Licences of Red Meat to California. Delivering a scalability road map and Digitalisation Framework to encompass more product types and jurisdictions.
We have signed a global partnership deal with Appian, empowering their enterprise software with digital regulations and were their guests at Appian World in Florida in April 2022. We are presenting at Appian APJ and Europe later this year.

We secured a POV with a Multinational architectural engineering firm, building a continuous assurance platform integrating building design and plans for Fire and Safety regulations. We have entered a research collaboration with QUT Law Department, publishing numerous papers and are currently designing a digital law course for 2023. We currently have an ACC grant consideration for 3 years and acceptance to an international conference in Europe on Computational Law. We have already had the honour of representing Australia on global Plenaries on Digital regulations and I have been appointed to the Future of Law Steering committee in the Australasian Computers and Law Society (and I not a lawyer!)

Are we worthy of an award? We did not fit in to any lists, so we started our own, Compliance is not seen as glamorous or sexy, we are ok with that. We are pioneering the true digitisation of regulation and compliance. Managing regulatory change without impacting revenue streams by facilitating the ability to innovate safely for regulated entities. We are changing the narrative, empowering innovators, and reaching for the Stars (Realta is Star in Gaelic)

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