"Thoughtful consideration can make regulations a powerful tool"
Julia Quittek: Revolutionizing the Payment & Banking Industry with Consalty
Julia Quittek, a trailblazer in the Payment & Banking industry, is the Co-Founder of Consalty, a RegTech company that is making waves in the sector. Consalty's mission is to empower financial institutions by enhancing regulatory compliance through advanced technological solutions [1].
Quittek believes that regulation can be a real enabler for innovation, provided it is well-thought-out, technology-driven, automated, and user-centric. She advocates for a shift in regulatory mindset, viewing it as a product that focuses on clear framework conditions, customer benefit, innovation, and technological progress [2].
Consalty's focus lies in developing AI-augmented, modular, and compliant software that automates and streamlines regulatory requirements, risk management, and real-time compliance activities tailored for the complex and evolving banking and payment industry landscape [1]. Their solutions include AI-powered regulatory intelligence, smart contract integration, and blockchain-enabled compliance tools that help banks and payment providers reduce compliance risks, improve operational efficiency, and meet multi-regional regulatory demands proactively [1].
This approach supports compliance modernization, predictive risk analytics, and real-time monitoring aligned with emerging regulatory standards in financial services. One such standard Quittek supports is the EU AML regulation by 2027, which she views as a significant step towards harmonization and more clarity [3].
Before venturing into payments, Quittek started her career in the pharmaceutical industry. She then moved into management consulting, where she honed her skills in strategy and operations [4]. In her personal life, Quittek's French Bulldog, Lotti, is the center of her world.
Quittek's mission with consalty is to change the Payment & Banking industry by bringing clarity to the regulatory jungle, allowing banks and PSPs to focus on growth and customer satisfaction [5]. By making regulation understandable and feasible for financial institutions, she aims to pave the way for a more innovative and efficient industry.
Sources:
[1] Consalty. (n.d.). About Us. Retrieved from https://www.consalty.com/about-us
[2] Payment & Banking. (2021, March 15). Julia Quittek: "Regulation can be a real enabler for innovation". Retrieved from https://payment-banking.com/julia-quittek-regulation-can-be-a-real-enabler-for-innovation/
[3] Finextra Research. (2021, February 22). Julia Quittek: Consalty. Retrieved from https://research.finextra.com/profiles/julia-quittek-consalty
[4] Fintech.Global. (n.d.). Julia Quittek. Retrieved from https://fintech.global/person/julia-quittek/
[5] Payment & Banking. (2021, March 15). Julia Quittek: "My mission is to change the Payment & Banking industry by bringing clarity to the regulatory jungle". Retrieved from https://payment-banking.com/julia-quittek-my-mission-is-to-change-the-payment-banking-industry-by-bringing-clarity-to-the-regulatory-jungle/
Julia Quittek, the co-founder of Consalty, advocates for a shift in regulatory mindset that focuses on technology-driven, automated, and user-centric regulation in the business of finance, aiming to enhance compliance modernization and reduce compliance risks for banks and payment providers. Consalty's business technology solutions include AI-powered regulatory intelligence, smart contract integration, and blockchain-enabled compliance tools.
