Tagged: fintech australia

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

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

Australian Government Supports Cryptocurrencies by Removing Double Taxation

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

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

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

FinTech Australia Members Assembly Payments & CurrencyVue are Selected Participate in SWIFT Global Challenge

FinTech Australia is sharing that two of their members have been selected to participate in the Swift global FinTech challenge at LATTICE80 on 13 and 14 September 2017. This past June, SWIFT offered Fintech companies from around the world to develop new overlay services that leverage… Read More

Fintech Australia Shares: Australia Enjoys Spike in Fintech Investment

Earlier this week, Fintech Australia announced the Aussie country has enjoyed a spike in fintech investment during the second quarter of 2017. The organization shared the latest information from KPMG’s Pulse in Fintech report, which was released last month. According to the report, Australian fintech… Read More

FinTech Australia Reveals Initial Speaker Line Up for Inaugural Fintech Fest

  FinTech Australia and Next Money, along with the State Government of Victoria, a gearing up for their inaugural week long Fintech event –  Intersekt. The Fintech festival will be taking place in Melbourne, Australia from October 27 to November 3rd if you happen to… Read More

FinTech Australia & EY Launch Census on Fintech Growth

FinTech Australia has announced that the EY FinTech Australia Census 2017 is underway to help create a more vibrant Fintech industry down under. The two groups are asking that all industry participants complete the questionnaire before September 3rd. So you better hurry. This years survey… Read More

Fintech Australia Shares 2017 Australian Fintech Update (Infographic)

On Saturday, Fintech Australia released a new infographic that revealed more details about the Australian fintech industry’s successes so far this year. This infographic comes just after the organization revealed that Sydney could potentially challenge Singapore as a fintech hub. The organization shared: “We’ve prepared… Read More