Tagged: australia

March 22, 2017 @ 10:55 am By JD Alois  |  

The UK has sent a delegation to Australia to chat up Fintech opportunities. Both the UK and Australia recognize the importance of fostering a robust Fintech ecosystem and the two countries are naturally aligned. The UK is leading the charge on Fintech entrepreneurship and the… Read More

March 22, 2017 @ 10:36 am By Cole Lyons  |  

Sydney Australia-based Fintech accelerator H2 has recently accepted its new round of startups, including the sports trading game FanTrade and personal chef delivery app DishMe. These companies differ from H2’s typically financial focus. This new company approach can be explained by a January blog post by Toby… Read More

March 21, 2017 @ 10:18 pm By JD Alois  |  

Austrade, the Australian government trade commission for exporters and information for companies wanting to do business with Australia, is in China this week. A delegation of Aussie representatives are in Shenzhen and Shanghai sizing up Fintech opportunites.. Austrade says the emergence of China’s vibrant Fintech… Read More

March 21, 2017 @ 4:16 pm By JD Alois  |  

The Commonwealth Bank of Australia (CBA) and Austrade have signed a new collaboration agreement designed to improve the flow of Fintech innovation between the UK and Australia. Austrade is the Australian government’s ministry of Trade, Tourism and Investment. The agreement is said to be used… Read More

March 20, 2017 @ 12:32 am By JD Alois  |  

Fintech Australia lauded the Australian Parliament’s vote to support the Corporations Amendment (Crowd-Sourced Funding) Bill of 2016. The advocacy group said the approval of the equity crowdfunding law will provide a major avenue for companies to raise capital and create new jobs. Fintech Australia CEO… Read More

March 20, 2017 @ 12:08 am By JD Alois  |  

As expected, the Australian Senate has voted on the “Corporations Amendment (Crowd-Sourced Funding) Bill of 2016″. The legislation will legalize equity crowdfunding. The bill was approved with a single amendment altering the cooling off period from 48 hours to 5 days. Australia has attempted to… Read More

March 16, 2017 @ 9:16 am By Samantha Hurst  |  

FinTech Australia announced the upcoming inaugural Finnie Awards, which is set to honor the leading achievements of the Australian fintech sector over the past twelve months. It is supported by Jobs for NSW.  “FinTech Australia plays a very active role in engaging the FinTech Community across… Read More

March 16, 2017 @ 7:52 am By JD Alois  |  

At South by Southwest (SXSW) this week, Visa unveiled contactless payment sunglasses.  The glasses incorporate the technology created by a “Sydney surfer startup founder” who is part of the Australian Fintech scene. Visa shared the WaveShades sunglasses at SXSW to an international audience. The back… Read More

March 14, 2017 @ 7:45 pm By JD Alois  |  

  The Australasian rewards-based crowdfunding platform Pozible has joined the Certified B Corp movement. Pozible, the largest platform of its kind in Australia,  has announced is is joining a growing group of businesses that believe in generating a positive impact on the world and “durable prosperity… Read More

March 14, 2017 @ 9:40 am By Erin Hobey  |  

Vaughn Richtor, current ING Advisor and former CEO of ING Direct Australia and  Growth Countries Asia has joined the RateSetter board, according to news services. Richtor commented that P2P loan marketplaces have “the potential to introduce more competition in financial services” and ultimately benefit the end consumer. “Vaughn’s track record… Read More

March 8, 2017 @ 9:26 pm By JD Alois  |  

Crowdfunding platform Equitise has launched a new “Syndicate” platform to connect Australian VCs and Angel Investors with retail investors. The shift was described as a bit of a pivot for the Australian / New Zealand – funding platform. Equitise said it was frustrated by the… Read More

March 7, 2017 @ 6:46 am By Erin Hobey  |  

P2P lender RateSetter announced a partnership with national mortgage aggregator Connective which aims to give accredited brokers access to their personal loan products. “We believe natural synergies exist between Connective and RateSetter given both companies were founded as industry disruptors which challenge the status quo… Read More

March 5, 2017 @ 6:24 pm By JD Alois  |  

Following the release of an important standards roadmap, the leading body for Australia’s Fintech industry said the country was well positioned to take advantage of emerging Blockchain technology or distributed ledger technology (DLT). Standards Australia has recently released its Roadmap for Blockchain Standards Report, which outlines how… Read More

March 5, 2017 @ 6:11 pm By JD Alois  |  

Standards Australia has published a roadmap for Distributed Ledger Technology (DLT) commonly called Blockchain. Dr. Bronwyn Evans, CEO of Standards Australia, said that Blockchain has the potential to support efficient and secure real-time transactions across a number of sectors, including financial services. She described Australia as… Read More

February 27, 2017 @ 3:00 pm By Samantha Hurst  |  

Australian business media company Fintech Business announced the winners of the 2017 Fintech Business Awards, which recognized the outstanding innovation and entrepreneurship in the Australia fintech sector. The inaugural event’s description reads: “The inaugural Fintech Business Awards seeks to identify and acknowledge the leading individuals… Read More

February 27, 2017 @ 9:41 am By Samantha Hurst  |  

Australia’s peer-to-peer trade credit platform Marketlend announced on Monday it has appointed Brad Pattelli as its new non-executive director and member of the board. Pattelli reportedly has decades of experience as an investor in a broad range of businesses, multiple prior public, and private board roles. He… Read More

February 21, 2017 @ 8:03 am By Erin Hobey  |  

Now the New Zealand-based marketplace lender Harmoney has launched in Brisbane, Australia with over $200M in lending capital targeting the  40+ demographic , according to Australian Broker. Interest rates on the company’s unsecured loans start at 8.99% p.a. with no early repayment fees and the ability to borrow… Read More

February 20, 2017 @ 4:41 pm By JD Alois  |  

Paul Niederer, former CEO of the Australian Small Scale Offerings Board (ASSOB) – the very first platform established to raise capital online, posted a comment letter in response to the proposed Australian Crowd-Sourced Funding Bill (crowdfunding for the rest of the world). Never one to… Read More

February 16, 2017 @ 9:04 am By Samantha Hurst  |  

Australia’s Auswide Bank Ltd. (ASX:ABA) announced on Thursday it is increasing its equity stake in peer-to-peer lender MoneyPlace Holdings Pty Ltd. According to Auswide Bank, it will have a controlling interest of at least 51% in MoneyPlace with the potential to increase that interest up… Read More

February 15, 2017 @ 11:05 pm By JD Alois  |  

  The Australian Fintech industry and Jobs for NSW have joined to launch new awards to celebrate the achievements of Australia’s financial technology pioneers. Deputy Premier and Minister for Regional NSW, Skills and Small Business, John Barilaro, stated that Jobs for NSW will provide $80,000… Read More