Tagged: fintech australia

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

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

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