Tagged: australia

November 25, 2017 @ 11:00 am By Samantha Hurst  |  

This week, the Australian Securities and Investments Commission (ASIC) announced it has signed a new fintech cooperate agreement With Dubai Financial Services Authority (DFSA). According to the ASIC, this new agreement will enable it and the DFSA to refer innovative fintech businesses to each other… Read More

November 14, 2017 @ 3:10 pm By Samantha Hurst  |  

Australia-funded Mekong Business Initiative has teamed up with the State Bank of Vietnam to launch Fintech Vietnam Challenge, which is described as a global call to local and international companies to proposed fintech solutions which will benefit Vietnam. The program’s description reads: “The Fintech Challenge Vietnam inventivizes adoption… Read More

November 10, 2017 @ 9:36 pm By Samantha Hurst  |  

Aussie equity crowdfunding platform Sharequity has reportedly been backed by Jack Quigley, a founding director FinTech Australia, and CrowdfundUP founder.  Founded by former GMP Asia Pacific Securities Chief Operating Officer, Geoff Reilly, Sharequity is an Australian equity crowdfunding platform that provides easy access to a… Read More

November 8, 2017 @ 6:37 pm By JD Alois  |  

Prospa has claimed first in the race to originate over half a billion in small business loans. The online lender states that over the past 12 months, Prospa has experienced dramatic growth, doubling the size of its loan book. Prospa has now provided credit to… Read More

November 6, 2017 @ 1:13 pm By JD Alois  |  

The Australian Securities and Investments Commission (ASIC) has inked an agreement with the China Securities Regulatory Commission (CSRC) to cross promote Fintech firms in their respective markets. Australia has targeted Fintech as strategic for their economy. China is the largest Fintech market in the world…. Read More

November 2, 2017 @ 9:35 pm By JD Alois  |  

Australia’s Fintech industry growing rapidly. This is according to a report by EY and FinTech Australia. The 2017 EY FinTech Australia Census indicates that Aussie FIntech companies experienced a 200% annual median revenue jump in contrast to year prior. The Census, released today at the… Read More

November 2, 2017 @ 9:48 am By JD Alois  |  

Scamwatch, an initiative by the Australian government, has reported an interesting statistic. According to Scamwatch, Bitcoin related scams are on the rise. This is according to a tweet by Scamwatch which is part of the Australian Competition and Consumer Commission (ACCC).   Here’s a snapshot… Read More

November 1, 2017 @ 10:37 pm By JD Alois  |  

FinTech Australia has welcomed the announcement about “comprehensive credit reporting” by Treasurer Scott Morrison at the opening day of the Collab/Collide Summit in Melbourne. The Australian Government will mandate a comprehensive credit reporting regime that should help Australian borrowers get a better deal from lenders,… Read More

October 31, 2017 @ 10:22 pm By JD Alois  |  

Currency solutions platform, CurrencyVue has launched an integrated FX risk management platform in partnership with global payments and risk management provider AFEX. CurrencyVue helps businesses with international payments and FX hedging. Rather than focusing on the speed or cost of making transactions, CurrencyVue has taken… Read More

October 30, 2017 @ 2:38 pm By JD Alois  |  

The UK Department of International Trade (DIT) says a number of UK Fintech experts will headline this year’s Intersekt Fintech Festival in Australia. DIT has partnered with the Collab+Collide Fintech Summit to further expand their Fintech networks. The UK is widely recognized as the global… Read More

October 30, 2017 @ 11:06 am By JD Alois  |  

OurCrowd, a global investment crowdfunding platform, has created an innovation bridge connecting Israel and Australia / New Zealand. The comments come during the 100th anniversary of the liberation of Be’er Sheva by the Australia New Zealand Army Corp (ANZAC), and a visit to Israel by… Read More

October 30, 2017 @ 9:25 am By Samantha Hurst  |  

Marketplace lender SocietyOne announced on Monday it is set to provide positive consumer credit information to credit bureaus as part of the move to establish a fully-fledged comprehensive credit reporting (CCR) regime in the country of Australia. The online lender stated it will start sending… Read More

October 29, 2017 @ 8:42 pm By JD Alois  |  

FinTech Australia, the national association for Australia’s Fintech industry, has just released a new member ecosystem map designed to visually depict the extraordinary growth in Australia’s Fintech industry in just four months. This week Australia’s inaugural Fintech festival Intersekt kicks off so the timing is important. … Read More

October 26, 2017 @ 10:04 pm By JD Alois  |  

The Australian Securities and Investments Commission (ASIC) has added a new Fintech partnership arrangement with a deal signed with the Swiss Financial Markets Authority (FINMA). Both regulators have been impressively open to financial innovation so an agreement to cooperate on disruptive finance simply makes sense…. Read More

October 26, 2017 @ 12:00 am By JD Alois  |  

The Australian Government has introduced a legislative framework for an “enhanced regulatory sandbox” to enable new Fintech products and services to be tested in Australia. The proposal is designed to extend the scope of activities beyond that of the regulatory sandbox launched by ASIC in… Read More

October 23, 2017 @ 7:50 am By JD Alois  |  

One of the four largest banks in Australia, National Australia Bank (NAB), has partnered on the upcoming Fintech hackathon taking place during Australia’s first Fintech festival – Intersekt. The hackathon expects to find new ways for businesses to benefit from improved and smarter access to… Read More

October 20, 2017 @ 12:24 am By JD Alois  |  

The Australian Government has passed legislation crafted to remove the double taxation on cryptocurrencies. Industry participants welcomed the step as indicative of the maturing Fintech policy environment in Australia. The government has sought to position itself as Fintech friendly as the pace of financial innovation… Read More

October 18, 2017 @ 11:21 pm By JD Alois  |  

The Financial Markets Authority (FMA) in New Zealand and the Australian Securities and Investments Commission (ASIC) have re-affirmed their collaboration on the expanding opportunities in Fintech innovation. The two agencies originally entered into a Memorandum of Understanding (MOU) back in 2012. Since that time, much… Read More

October 16, 2017 @ 3:55 pm By Samantha Hurst  |  

Prospa, an Australian online lender for small businesses, has formed a partnership with Gandel-backed retail marketplace MyDeal, which will allow retailers on its platform to apply for loans of up to $250,000. According to Australian Financial Review, the partnership will allow Prospa to integrate directly into the… Read More

October 10, 2017 @ 12:00 pm By Samantha Hurst  |  

Australia-based online lender SocietyOne announced on Tuesday it has secured $350 million in total originations. This news comes less than two months after the lending platform celebrated its fifth birthday. According to SocietyOne, the company topping $350 million as the current loan book also reached $200 million… Read More