Tagged: fintech australia

FinTech Australia’s Open Banking Working Group Says First Phase Should Include Both Deposit and Lending Products

“Stop knee-jerk anti-competitive measures by banks” FinTech Australia is out with a note on the push to achieve Open Banking rules – somewhat similar to what the UK kicked off this past January. The advocacy group responded to a submission by the Australian Banking Association… Read More

Still Time: FinTech Australia Extends Deadline for 2018 Finnie Awards

FinTech Australia has extended the deadline for nominations regarding the 2018 Finne Awards. The new deadline is now midnight April 8th.  Judging is scheduled to take place immediately after the deadline with finalists notified on Monday, May 7th. It all comes together for the gala… Read More

Australia Can’t Wait to use the Fintech Bridge Established with the United Kingdom

Today, the UK Chancellor of the Exchequer Philip Hammond announced an updated agreement signed with Australian Treasurer Scott Morrison to firmly establish a Fintech bridge between the two countries. This virtual bridge will see both public officials and private partiers working together to foster Fintech… Read More

FinTech Australia Points to Report that Highlights Growth in Fintech Lenders as Traditional Finance Declines

  FinTech Australia, is highlighting a report this week that points to the decline in traditional fince options (IE Banks) and the ongoing rise in SMEs using Fintech platforms to address their capital needs. The report is courtesy of the Scottish Pacific SME Growth Index, released… Read More

Danielle Szetho Resigns from FinTech Australia, Search for New CEO Commences Immediately

Danielle Szetho, the longtime CEO of FinTech Australia, announced her resignation today following two successful years of guiding the young organization to become the leading voice for innovative finance in Australia. FinTech Australia said that Sara Worboys will take over as interim CEO beginning March… Read More

FinTech Australia & NSW Government’s Jobs for NSW Join to launch the 2018 Finnie awards

FinTech Australia and the NSW Government’s Jobs for NSW are joining to launch the 2018 Finnie awards. According to FinTech Australia, a total of 23 awards will be presented including Fintech Organisation of the Year, Outstanding Fintech Leader of the Year, Female Fintech Leader of the… Read More

FinTech Australia, Australian Small Business & Family Enterprise Ombudsman, and theBankDoctor Join in Report on Transparency and Disclosure by Fintech Lenders

Three Australian groups have joined together to produce a report that outlines the steps taken by Fintech lenders to boost both transparency and disclosure. FinTech Australia, the Australian Small Business and Family Enterprise Ombudsman, and theBankDoctor published a report today that reviews Fintech lending to… Read More

FinTech Australia Welcomes Government’s Pursuit of Open Banking Policy

“Open banking regime will empower customers, enhance competition and drive Australian innovation” FinTech Australia today welcomed news that the Australian Government will legislate to empower customers by requiring banks to allow these customers to access their own data. The Government has published a report on… Read More

FinTech Australia Tells Aussie Government it is Time to Act on Legislation to Empower Private Company Equity Crowdfunding

Australia enacted new crowdfunding regulation (Crowd-sourced funding) in 2017 but left a gaping shortcoming  in the new rules. For some obtuse reason, only unlisted public companies may crowdfund up to $5 million under current law. The vast majority of SME businesses in Australia are private companies thus… Read More

The Australian Tax Office Creates Taskforce on Tax Issues Regarding Cryptocurrencies, FinTech Australia Responds

In December, the Australian Tax Office (ATO) posted an explanation of tax treatment regarding Bitcoin and other cryptocurrencies. In response to recent media reports that ATO has set up a new taskforce to examine tax issues around cryptocurrencies, FinTech Australia has posted a response. Danielle Szetho, FinTech… Read More

Changing of the Guard: FinTech Australia Appoints Stuart Stoyan as Chair as Founding Chair Simon Cant Decides to Step Down

Stuart Stoyan, the founder and CEO of Melbourne-based company MoneyPlace – the second fully licensed marketplace lending platform, has become FinTech Australia’s new chair following the departure of founding chair Simon Cant. Stoyan has agreed to be FinTech Australia’s acting chair until June 2018 when… Read More

FinTech Australia: Regulatory Pathway for Challenger Banks Just OK, Could be Improved

FinTech Australia has provided a comment on the consultation paper published in August regarding authorising new entrants into the banking industry. The creation of digital challenger banks in Australia is a welcomed move but, according to FinTech Australia, needs some improvement. The discussion paper proposes… Read More

FinTech Australia & FinTech Indonesia Sign MOU in Collaboration Push

FinTech Indonesia and FinTech Australia have signed a memorandum of understanding (MOU) in a move designed to propel the mutual development of Fintech in both jurisdictions. FinTech Australia is the leading voice of the emerging Fintech industry in Australia. The group is actively engaged with… Read More

Australian Fintech Industry Approves: Legislation Passed on AML for Cryptocurrencies

FinTech Australia, the advocacy group for Australia’s burgeoning Fintech industry, has given its seal of approval following the Australian Parliament’s passage of Anti-Money Laundering (AML) legislation.  According to Fintech leaders, the governmental approach regarding cryptocurrencies, such as Bitcoin, will position Australia as a world leader… Read More

Australia & Indonesia Look to Partner Further on Fintech Initiatives

  FinTech Australia reports on a major Indonesian delegation, including 16 companies and the nation’s financial services regulators, that discussed topics such as financial innovation and how to foster a robust Fintech industry. FinTech Australia described the delegation as arguably the most significant group of Indonesian… Read More

Startup Muster Report Shows Fintech Strength in Australia

The recently published Startup Muster report showed a Fintech sector that was growing solidly in Australia.  According to the report, 19.7% of startup founders indicated Fintech as their industry, up from 15.9% in 2016. Overall, Fintech remains the number one startup sector for founders in Australia… Read More

Soon to Launch Aussie Equity Crowdfunding Platform Sharequity Receives Support From Jack Quigley

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

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

EY Report: Australia’s Fintech Industry is Growing Rapidly Jumping 200% Since 2016

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

FinTech Australia Welcomes Aussie Government Stance on Positive Credit Reporting

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