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KWM, KPMG and UNSW collaborate to disrupt and innovate
King & Wood Mallesons and KPMG Law have announced their collaboration with UNSW Sydney Law for RegTech and FinTech research development, in a five-year partnership through UNSW’s Chair in Disruptive Innovation & Law.
Grace Ormsby
The announcement is seen by leaders as a unique development in professional services through the combining of industry heavyweights “to make a significant investment in the fast-growing areas of financial services regulation and FinTech – just as the market place faces heightened disruption,” a statement says.
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The partnership will enhance the work of UNSW Scientia Professor Ross Buckley, a leading scholar of international financial regulation while also supporting future leaders of disruptive innovation and law.
KWM’s chief executive partner in Australia Berkeley Cox said the firm consistently strives to stay at the forefront of law developments as to understand how it affects clients. Helping clients to achieve strategic and operational objectives aligns with KWM’s support for research and education.
Commenting on the collaboration, Mr Cox said the firm is pleased to invest in research and knowledge sharing in the technology area.
“Navigating the laws across our interconnected world and helping to shape them, to facilitate the opportunities and address the challenges presented by technological disruption is a key challenge we face,” he said.
In a similar vein, KPMG Law’s head Stuart Fuller said KPMG Australia is committed to aligning ways of working and delivering consistently on the firm’s digital promise; “the combination of technology, data and AI – coupled with intense business and regulatory change – is transforming the economy, business, and the delivery of services, as well as the legal industry itself,” he said.
“Our clients have to drive growth against a background of disruption and innovation – as do we as their key advisers. Transformation is the new normal. That is one of the key reasons for us joining with KWM to sponsor the Chair in Disruptive Innovation and Law at UNSW.”
UNSW’s dean of law George Williams AO said the collaboration goes “beyond the production of innovative ideas and insights.”
“Since 2012, Professor Buckley’s research has achieved a number of world-first breakthroughs in technology law.
“We believe the Chair, and the work of Professor Buckley, will have a tangible impact on the delivery of key new technologies in Australia and globally,” he said.
