Tagged: danielle szetho

Australian Online Lender Prospa Tops Key Milestone as it Originates Over $500 Million in Loans

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

FinTech Australia Shares Ecosystem Map as Fintech Booms Down Under

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

National Australia Bank Backs Fintech Hackathon at Intersekt

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

Australia Appoints New ASIC Chair, FinTech Australia Welcomes Him Aboard

Today, the Minister for Revenue and Financial Services, Kelly O’Dwyer, announced the appointment of James Shipton as the new Chair of the Australian Securities and Investments Commission (ASIC).  A Goldman Sachs veteran, Shipton is currently leading a research center at Harvard Law School where he… Read More

FinTech Australia Says ASICs Recognition of ICOs a Positive Step for Crowdfunding with Digital Coins

Yesterday, the Australian Securities and Investment Commission (ASIC) published guidance on the Initial Coin Offering (ICO) market. The cautionary note told investors to be diligent when reviewing ICOs for a potential investment while noting security offerings are a regulated activity. FinTech Australia called ASICs move… Read More

FinTech Australia Announces Upcoming Intersekt Fintech Festival to Have World-First Gender Equality Commitment

Fintech Australia announced its upcoming Intersekt Fintech Festival is set to be a world-first gender equality target and is part of an ongoing campaign to drive increased levels of email participation in the country’s startup sector. The festival is set to be held in Melbourne from… Read More

CCAF Asia-Pacific Report Shows Dramatic Rise for Alternative Finance in Australia

China is the biggest kid on the block when it comes to the emerging alternative finance market in the Asia Pacific region. In fact, China has the largest alternative finance market in the world driven by a fast growing economy, a highly connected population via… Read More

Australia to Fix Gap in Crowdfunding Regulations as Private Companies May Gain Eligibility in New Legislation

This week the Australian Parliament introduced new legislation that will extend crowdfunding or “crowdsourced equity funding” (as the Aussies call it) to private companies. This is an important fix that will create a far more robust and equitable crowdfunding ecosystem in Australia. Earlier this year,… Read More

FinTech Australia CEO Issues A Statement on Anti-Money Laundering & Terrorism Financing Laws

Following the Coalition Government’s announcement of its first stage of reforms to strengthen the Anti-Money Laundering and Counter-Terrorism Financing Act, FinTech Australia’s CEO, Danielle Szetho, issued a statement on the situation.  According to a press release issued by the Australian Minister of Justice, the new bill… Read More

Fintech Australia Comments on Report: Sydney Could Potentially Challenge Singapore as Fintech Hub

FinTech Australia is out with a comment on the report that was published by the Committee for Sydney regarding the Fintech sector in Australia. FinTech Australia welcomed the report, entitled “Scaling the Fintech Opportunity: For Sydney & Australia,” as it indicates that Sydney is a… Read More

FinTech Australia: Sydney & Melbourne Startup Hubs a Boon for Fintech

Both Sydney and Melbourne have announced the creation of startup hubs. Sydney has proposed an 11 floor innovation center that will be the largest in the southern hemisphere. In fact, Jobs for NSW has stated it would invest $35 million in the facility. A Fintech… Read More

FinTech Australia Publishes Fintech Ecosystem Map

FinTech Australia is out today with a Fintech Ecosystem Map visually representing the ever-changing and growing number of entities participating in innovative finance in Australia. FinTech Australia says it intends on updating the map every six months to keep things current. Currently, the map lists… Read More

FinTech Australia Says Competition in Banking is Needed to Benefit Consumers & Business as Government Seeks to Reduce Barriers for Fintech Startups

It is a truism that increasing competition in the banking sector will benefit both consumers and businesses. Yet high hurdles remain in place for emerging Fintech companies to challenge established financial firms such as banks. FinTech Australia, the advocacy group promoting all things Fintech related,… Read More

Fintech Australia Welcomes Approval of Crowdfunding Legislation

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

Pay with Your Shades: WaveShades Powers Contactless Payment Sunglasses, Partners with Visa

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

Fintech Industry Says Australia in Strong Global Blockchain Position as it Releases Roadmap for Blockchain Development

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

FinTech Australia Receives $200,000 Funding Grant From Federal Treasury

FinTech Australia, a national association for the Australian FinTech Startup community, announced earlier this month it received a $200,000 funding grant from the Federal Treasury. This news comes just a few months after the organization secured $300,000 from Launch Victoria. Federal Treasurer Scott Morrison MP revealed details… Read More