Five FinTechs on Friday – July 31

This Friday we cover fintechs that can support your business – streamlining capital raising, lending for SMEs, financing for businesses, executing payments for SMEs and managing account receivables.

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Member Success

Fintech continues to grow. Companies in our sector continue to build, hire and serve as a shining example for the government on just how resilient our sector is. A snapshot of our members’ success can be seen below.

As the industry’s peak body, we serve a much broader role than as an industry champion. Working with the board, we have developed three new pillars which will guide our future activities. They are:

Advocate and promote: FinTech Australia will continue to advocate for members in public forums and with policy makers. We will also continue our work promoting the ecosystem and all of its players as broadly as possible.

Engage and connect: Engage directly with members and with relevant partners for the ecosystem and help connect our members where possible to strengthen their growth.

Grow: Strengthen our ecosystem and community, and build awareness of it both locally and internationally. (more…)

Five FinTechs on Friday – July 24

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#Sponsored
ID Exchange presents SISS Data Services Product Data API for banks and ADIs to compete in Open Banking with cost effective turn-key solutions.
Special offer | for banks or ADIs that contact SISS they will populate one of your products in their sandbox testing environment, at no cost to you.

View Here

This Friday we cover a client portal for accountants and advisers, an augmented data management platform for insurance companies, a unique fintech in healthcare for healthcare providers, insurers and patients, a frictionless finance solution for home improvement promoting green energy and an online investment adviser and fund manager.
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Member Spotlight: Medipass, a Healthtech Fintech

For this week’s Member Spotlight we spoke to Jonathan (Jon) Davey CEO of Medipass. Jon has joined Medipass from NAB where he was Executive General Manager of Digital, Innovation and Customer Experience. Medipass is an e-payments company uniquely positioned at the intersection of Fintech and Healthtech. We spoke to Jon about Medipass’ journey, the impact of COVID-19 and his future plans for the business. (more…)

Five FinTechs on Friday – July 17

#Sponsored
#Sponsored
ID Exchange presents SISS Data Services Product Data API for banks and ADIs to compete in Open Banking with cost effective turn-key solutions.
Special offer | for banks or ADIs that contact SISS they will populate one of your products in their sandbox testing environment, at no cost to you.

Register Here

 

Three consumer focused fintechs – a consumer driven rewards platform, Australia’s first mobile only digital bank and a home loans provider that helps consumers save on costs. One of the two business focused fintechs uses AI and ML to disrupt bookkeeping and the other automates how businesses receive, manage and pay funds.
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Member Spotlight: Wisr, Purpose-led lending

Anyone can tell you that the first step to developing a successful fintech business is to identify a problem that needs to be fixed or fill a niche that needs to be filled. However, you need to go beyond the immediate and think about the longevity of your business. What differentiates businesses in the market, particularly in areas such as lending, is that purpose is king.
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FinTech Australia signs on AWS and Visa as corporate partners

FinTech Australia has announced both Amazon Web Services and Visa as corporate partners for the organisation.

In addition to supporting major FinTech Australia activities and events, the partnership program helps embed these companies within the fintech ecosystem and networks them with its key players. 

FinTech Australia’s current corporate partners include: Bank of Queensland, NAB, EY and BDO.

“Our fintech ecosystem is built on the back of partnerships,” Rebecca Schot-Guppy, GM of FinTech Australia said.  (more…)

Five FinTechs on Friday – July 10

 

#Sponsored
ID Exchange presents SISS Data Services Product Data API for banks and ADIs to compete in Open Banking with cost effective turn-key solutions.
For every bank or ADI that registers for the webinar SISS will populate one of your products in their sandbox testing environment, at no cost to you.  Join this free webinar to accelerate past your competition in Open Banking.

Register Here

 

Another cracker week with two fintechs focusing on consumers financial well being with free credit score check and dynamic cash flow modeling. Other fintechs help with monitoring an organisation’s resilience through analytics, retrieving and categorising bank data. And lastly an experienced fintech in subscription and recurring payments that has expanded internationally.
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Five Fintechs On Friday – July 3

Five Fintechs on Friday 

Fintechs that are helping the SME sector with a corporate credit card and lending; Digital tools to certify and finance farmers; a bespoke integrated payments product and a dynamic payment and communications solution. Here are five fintechs to need to know about this friday.

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Member Spotlight: Revolut, Lessons Learned From Their AFSL Journey

Earlier this year, Revolut finally reached its goal in obtaining an Australian Financial Services Licence (“AFSL”). This is a goal that many fintechs are working towards with the journey presenting many hidden challenges.

For this week’s Member Spotlight, we spoke to Matt Baxby, Australian CEO of Revolut about their AFSL journey, the challenges they encountered and the things they learned along the way. We’ll also delve into what’s next for Revolut and its customers.

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FinTech Australia Industry News July 2

 




We hope everyone had a good EOFY and we are looking forward to seeing all your successes over the next year. Speaking of successes, we are looking forward to sharing the success of our members and the ecosystem in the next week – please stay tuned.

Today marks an important day in the progress to a digital economy with the launch of the Consumer Data Right, but the hard work has only just begun. We need to ensure the CDR is accessible and cheaper for fintechs to use than other alternatives on the market. A key part of ensuring this happens is the ACCC consultation in respect of Intermediaries. We realise there is a long way to go before we get a framework that will adequately deal with the range of models in the market. If you are a member of FA, we would love to have your involvement. We are also currently in the process of drafting the second draft of our response to the ePayments Review based on member feedback, as well as working with our Blockchain and Digital Currency policy working group in respect of deregulation, and the future of the blockchain roadmap.

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