FinTech Voice July 28, 2022

It’s that time of the year when events and policy advocacy are our main priorities

Policy Advocacy – Our recently appointed Policy Lead, Nick Kavass is reaching out to government and regulators and is keen to hear from members on priorities and challenges. Nick brings experience from across government, including Treasury, ASIC and ministerial offices, to the role.

Please reach out to Nick at to arrange a time to discuss your policy priorities and involvement in our Policy Working Groups. Thank you for your kind messages welcoming him.

Meetup – After the success of our introductory meetups, we’ve planned more regular meetups for our members combining networking and content led discussions. Each session will see discussions on pertinent topics, bringing in experts and providing insights for all in attendance. Kicking off this event series is Digital Transformations in Fintech in Sydney on August 10. Hope to connect with you there.

Intersekt – All steam ahead! The demand for this year’s conference is unmatched. This is your last week to access early bird tickets. I hope to see you all there as we plan the biggest conference yet for the industry to cement new professional relationships. We will update you shortly on panels, regulator roundtables and other key events through the week that you will benefit from attending.

In other updates…

Check out this week’s new episode in our FinTech Australia Podcast series – July News Roundup with Chris Hicks: Hope in the Turbulence. In this episode hear from Chris Hicks from Till Payments in conversation with our host Brian Collins talk about fintech ecosystem and more. Tune in for more here. You can also listen to them on Spotify and Apple Podcasts.

ASIC (Australian Securities & Investments Commission) is hosting a Financial Innovation Regulator Meet-up, bringing together representatives from national bodies to discuss issues and their latest experience with financial innovation and technology tomorrow. For more information and registration, visit here.

For any queries and support, please reach out to us.

Finally, we welcome our newest member this fortnight – PATONA PTY LTD and CMSPI


Rehan D’Almeida,
General Manager,
FinTech Australia


CDR Sandbox

Last week the ACCC launched the CDR Sandbox. Originally announced last November, the sandbox is a hosted environment that behaves and functions like the actual CDR ecosystem.

It builds on the existing mock solution tools available from the Consumer Data Right Github and enhances the capability available to participants and vendors to test their own solutions in a hosted sandbox environment.

A sandbox-like test environment is an initiative FinTech Australia has advocated for in past submissions.

Survey on CDR Guidance

Earlier this week, the ACCC opened a short survey on their CDR participant guidance strategy. The 5-minute survey largely focuses on the accessibility and preferred channels for existing guidance, but also asks about areas where more guidance is needed.

If you have any detailed feedback raised directly with the ACCC CDR team, please reach out to us, as we are planning to meet with them in the coming weeks.

Engagement with the RBA

We recently met with the RBA to discuss their work on CBDCs, stablecoins and payments policy. The RBA is keen to increase their engagement with the fintech community and we expect to organise a member roundtable with them in the coming weeks.

We will soon share an update on this

Upcoming Engagements

Our new Policy Lead, Nick Kavass, will travel to Canberra next week for the Parliamentary Innovation Tech Showcase.

Nick will also participate in a roundtable on 10 August with the NSW Industry Policy Advisory Panel, led by Dr Ken Henry AC, on the ambitions and strategic directions for industry policy in NSW. This consultation process will inform a forthcoming NSW Industry Policy White Paper, which will set the directions to underpin the State’s economic performance over the next 15 years.

Regulator roundtables will feature prominently as part of the program for Intersekt again this year. We will soon announce roundtables with regulators across a range of policy issues including CDR and open banking, payments and crypto.


🏅2022 edition of the Australian Growth Company Awards are here to celebrate excellence and recognise companies that demonstrate high rates of sustainable growth, innovation, integrity and contribution to the community. Nominations are open till 9 AugustApply soon

📇Open Banking Excellence (OBE) has joined forces with Accenture, the UK Government’s Department of International Trade (DIT), Innovate Finance, NatWest and the University of Oxford to develop a first-of-a-kind global Open Finance Index. The index helps to understand about Australia’s domestic readiness to develop Open Banking and Open Finance ecosystems. Take part in their quick survey here.


📣 Basiq and LUNA presents 2022’s biggest Fintech Pitch Night. Here is the opportunity to Pitch your startup to a panel of industry experts and a room full of potential investors and users – 4 August. Click here to register

🔍 Austrade is hosting a a free information session to learn more about the Research and Development Tax Incentive (R&DTI). This hour long session will introduce you to the R&DTI and guide you through key eligibility requirements. For more info, click here

🇭🇰 Hong Kong Fintech Week 2022 is here – one of the largest conferences on the calendar, attracting more than 12,000 senior executives and featuring over 250 of the world’s top speakers including FinTech founders, investors, regulators, and academics. 31 Oct – 4 NovBook your pass now


Don’t miss all the news and insights from our members and corporate partners from our newsroom.

  • Sandstone Technology appoints Abhish Saha as CEO
  • Till Payments launches NextGen Pay By Link, offering a highly secure option for remote payments plus Apple Pay acceptance
  • Main Roads recently selected Link4 as their eInvoicing partner
  • Adatree Exchange launched recently providing one-stop shop to leverage data under the CDR
  • Dock & Bay has joined TreviPay’s Payments and Invoicing Network to offer a line of credit to B2B buyers
  • WeMoney Announces Winners of Inaugural Home Loan Awards
  • Australia: home to a booming fintech industry
  • KOBA Partners with Birchal for Second Funding Round


KOBA Partners with Birchal for Second Funding Round

Pay as you drive car insurer KOBA has announced they are opening a crowdsource funding round in partnership with Birchal. This is a chance for investors (new and seasoned) to join KOBA’s cap table. The Expression of Interest (EOI) phase opens on July 26, 2022.

“We’re thrilled to partner again with Birchal, Australia’s largest investor community. Crowdfunding is growing exponentially, and Birchal continues to lead the way ” says Andrew Wong, Founder of KOBA.

“Our last raise was fully-subscribed in just 5 days, reaching our maximum of $1M on the Birchal platform. We were overwhelmed by the support and grateful to our 358 shareholders. So we’re excited to welcome everyone in again…our shareholders, customers, EOIs and early adopters… to the cap table.” says Mr Wong.

With the funds raised so far, KOBA has launched their connected pay-per-KM car insurance product throughout Australia, and are growing their customer-base 70% month-on-month, with drivers paying from 3¢ per KM they drive.

KOBA connects to your car’s onboard computer, linking the car’s driving data to a smartphone through wifi. In real-time, they measure the distance driven and charge drivers for what they use. 

Unlike one-off, annual traditional insurance premiums, drivers get the same type of comprehensive coverage but pay a few cents per km they drive. When the car is parked and not at risk of collision, a small monthly premium covers the car from fire, theft, hail and third-party damage. 

“With an increase in working from home, people are driving much less, while still paying higher premiums based on their usage pre-covid. And the rising cost of petrol, food and general cost of living means people are constantly looking for ways to save,” says Mr Wong.

“KOBA provides a user-based alternative and is part of the new breed of insurance companies using data to build more customer-centric insurance solutions. If you drive less, you’ll pay less for car insurance,” he says.

Now available on industry-leading comparison sites such as Compare the Market, as well as with distribution partners in major cities, KOBA has helped customers pay-per-KM for more than 35,000 trips to-date. Most recently they’ve partnered with Uber-acquired car-sharing platform, Car Next Door, to offer exclusive insurance for owners who car share.

To date, KOBA has successfully raised $1.75M from Birchal, angel investors and insurance specific funds including Hunter Equity Group and Insurtech Gateway. This next round of funding will help scale awareness of the product amongst early adopters, build partnerships with car manufacturers to offer connected insurance, continue to evolve the app experience, and build new data-driven insurance products to open doors to new markets.

KOBA recently won the 2022 Finnies Awards for “Excellence in Insurtech”.

To learn more about KOBA and join the cap table, visit the Birchal site, or pre-register at

CSF Warning: Always consider the general CSF risk warning and offer document before investing

About KOBA

Aussie insurtech KOBA launched in November 2021 offering a very different approach to car insurance. Users pay a fixed amount to have their car insured while it’s parked and then they pay only for the distance they drive. Their usage is measured through a small matchbox-sized device called a KOBA Rider that attaches to a car’s OBD port. This communicates with the KOBA smartphone app to automatically calculate driving distances and charges a per-kilometre rate for each trip.

About Andrew Wong (Founder)

Andrew Wong has been on the forefront of digital media and marketing for most of his career, always on the edge of change. Holding a Masters in Business Entrepreneurship, Andrew has launched 3 small businesses and successfully raised money twice for start-ups. After 12 years in Sydney and London, Andrew moved his family to San Francisco to be in the heart of high-growth tech start-ups. In 2 years, he raised Seed funds for a food logistics start-up and carbon-neutral beef product. Concurrently, Andrew worked for AAA (American Automobile Association) driving their digital IT, media and digital acquisition programs. It was here that he found the solution and inspiration for KOBA Insurance. In March 2020, with many families looking for new ways to save money due to the COVID-19 pandemic and lockdown, Andrew became acutely aware that their car insurance bill remained the same for months, even though they were no longer driving anywhere. After some research, he realised that User Based Insurance was yet to hit Australia and sensing a very real business opportunity, picked up the family and moved back to Melbourne.

Australia: home to a booming fintech industry

Australia’s booming fintech sector has fast become a global hub for fintech activity. Recent statistics show the industry has witnessed a five-fold increase in the number of fintech companies in just five years, now worth more than US$4 billion (AU$ 5.87 billion) and ranking sixth globally, as well as second in the Asia Pacific region.

But what makes Australia a ripe environment for fintech innovation? Several factors play a part – Australia benefits from a rich ecosystem that is diverse and multinational; the region is home to a range of startups and scaling companies across several different fintech subsectors, and its readiness to take on new businesses has attracted record investment levels.

Demand in the region has also been a key influence. Australia has been an early adopter of financial services innovation and technology, allowing fintech companies to rapidly scale and embrace new digital models and payment solutions to meet growing consumer interest.

Regulation to support innovation

Australia’s payments regulation is being overhauled –allowing for greater transparent access to fast payments infrastructure.

This, in return, will allow fintech startups to innovate, create new offerings, and drive strategic partnerships with international companies for greater transparency in payments and frictionless experiences for consumers.

Sanjeev Kumar, chief product officer at Zai, an Australian-based global fintech company delivering embedded finance orchestration, believes a guiding principle of the sector’s growth is that regulation has enabled innovation.

“Regulators have been proactive and nimble in terms of their decision-making to bring in greater innovation and launch the right products at the right time,” he says.

“Australia has experienced tremendous growth over the last few years. The financial industry is a completely different spectrum altogether – from developments in challenger banks and merchant payments, there is a multitude of successful platforms disrupting within the sector, and fintechs are now given the foundation to launch these platforms for a quick adoption in the market.”

International hub for global talent

 recent EY survey found the talent market in Australia is growing significantly year on year, despite setbacks and an increase in talent shortage amid the Covid-19 pandemic. In the last 12 months alone, 88% of Australian fintechs generating revenue overseas have created new jobs as a result.

“I’d say one of the biggest assets that Australia has is its talent pool,” says Kumar. “The growing fintech sector is continuously attracting multinational talent from across the globe, with Australia conveniently located on the doorstep of Asia, a key market for innovation within fintech and payments, making the region a great location for talent looking to relocate.”

And it is clear to see why – Australia has a significant pool of tech professionals, and people with deep financial services expertise. The region is also integrated with financial ecosystems around the world, with both Australian companies going abroad, and international companies expanding into Australia.

Kumar adds this plays into the hands of companies looking to expand their regional headquarters and explore partnerships with overseas firms.

“Another key driver of drawing in talent is the ease of doing business in Australia. Licensing regulatory hurdles are not as stringent if businesses have their policies and processes, and it is relatively easy to get the necessary licenses to operate within the payments sector.”

Zai’s expansion was aided by the Australia’s Trade and Investment Commission (Austrade). Providing on-the-ground advice, Austrade was able to provide Zai with the connections it needed within its target market while helping the fintech gain a better understanding of the local business landscape.

Capital investment soars

Australia’s overall capital raise for startups and businesses has been recognised on a global scale, with 44% of companies having raised over US$10 ($AU 14.68) million to date and 14% having raised over $100 million.

Also, 88% of Australian fintechs that are three years or older and 81% of fintechs two years or older are also now post-revenue, showing a promising sign of the sector’s continuing maturity and growth.

A further 40% of fintechs within Australia are now generating revenue from overseas, with 18% getting more than half their revenue from international customers. “It is the perfect triumvirate with the government, regulators and businesses all aligned,” says Kumar. “They have created the infrastructure and foundation for innovation.”

Disruption in the payment sector

Australia’s largest segment within the fintech sector was recorded to be within digital payments, with e-wallets and the supply chain part of the most common type of fintech (43%), followed by lending (30%).

The sector’s total transaction value is forecasted to be US$92 billion (AU$135 billion) in 2022, with the number of users in this sector also expected to grow significantly to hit 21 million users by 2026.

Other sectors are also growing fast, including ‘buy now, pay later’, open banking, insurtech and decentralised finance.

“The buy now pay later sector came into Australia around five years ago. Now we have a myriad of Australian startups disrupting within the sector, both locally as well as globally to ultimately disrupt within a much bigger ecosystem,” says Kumar.

There have been several fintech partnerships too – Pollinate teamed up with National Australia Bank to provide a tech platform for smoother banking for small and medium sized enterprises (SMEs).

Proactive jurisdiction

The Australian government has taken a more proactive stance to encourage competition and innovation in financial services too,

The recent Consumer Data Right (CDR) Bill by the Australian Parliament has cultivated the open banking and payments sector, which will likely advance the digitalisation of the country’s banking sector.

The Australian Trade and Investment Commission (Austrade) accelerates the growth of exporters, attracts foreign investors, and stimulates the visitor economy.
To discover how Australia’s fintech brilliance can help your business, visit

WeMoney Announces Winners of Inaugural Home Loan Awards

Australia’s leading social financial wellness platform, WeMoney, has announced the winners of its inaugural awards for the Best Home Loan Lenders in Australia.

The awards program attracted submissions from well-known lenders, including Athena, Tic:Toc, and others, who battled it out to be recognised for the most competitive products in the market.

WeMoney ran the awards across 8 distinct categories; celebrating the best overall lender, alongside awards for best rates and fees, and outstanding customer service.

WeMoney Founder & CEO, Dan Jovevski said “Home ownership is at the top of the list for our members when it comes to financial goals, and they are naturally drawn to disruptors in the industry with low rates and innovative products. Our inaugural Home Loan Awards we’re a true indication of member demand for innovation, as we recognised the best non-bank home loans in the market. For all Australians, the WeMoney award provides them more confidence when it comes to comparing various loan options.”

Athena Home Loans was recognised by the judges as ‘Non-Bank Lender of the Year’, recognised for balancing fees, quality features, positive user experience, great customer support, and an excellent level of trust. This pinnacle award was also accompanied by 3 additional awards that Athena won for Excellent Rates & Fees (Fixed), Best for Refinance and Most Innovative Lender.

Nathan Walsh, Athena Home Loans Co-founder & CEO, said “Athena was born from an ambition to change home loans for good. Fairer, more transparent, better value, and most importantly to help customers pay down their home loan faster. Our mission is to enable homeowners to take that step towards financial freedom. We deliver all Athena customers no nasty fees, great rates that stay great and are Australia’s first loyalty penalty free lender. We are proud that our commitment to consumers and the innovative way we deliver savings to them has been recognised. But Athena only wins awards because our customers keep winning.”

Tic:Toc was also a favourite, notably winning two awards for ‘Best for First Home Buyers’ and ‘Best Digital First Lender’, whilst also winning the silver award for ‘Most Innovative Lender’.

Anthony Baum, Tic:Toc CEO & Founder, said “Tic:Toc’s proprietary digital lending platform ensures our home loan and enterprise customers receive lending services that are faster, smarter, simpler and fair. Our flexible, scalable and AI-driven platform is what sets us apart from any other digital lender. To be recognised in three categories – Best for First Home Buyers, Best Digital First Lender, and runner up for Most Innovative Lender – furthers our mission to accelerate the transformation of the financial services industry for the benefit of Aussies. We are incredibly proud of the work we continue to put in to make Tic:Toc what it is today.

The awards program was supported by a panel of independent judges with diverse backgrounds across fintech, venture capital and lending. The judges included Lynda Coker (Entrepreneur in Residence, 1835i) and Cam Sinclair (Director, Ammo Marketing).

As demand from WeMoney members to identify trusted brands continues to grow, there will be a broader set of awards launching throughout the coming months.


Full List of Winners of the 2022 WeMoney Home Loan Awards:


Non-Bank Lender of The Year

  • Winner: Athena
  • Runner-up: Well Money


Excellent Rates & Fees (Fixed)


Excellent Rates & Fees (Variable)


Outstanding Customer Service


Best for First Home Buyers


Best for Refinance

  • Winner: Athena
  • Runner-up: Well Money


Best Digital First Lender

  • Winner: Tic:Toc
  • Runner-up: Athena


Most Innovative Lender

  • Winner: Athena
  • Runner-up: Tic:Toc


To learn more about the awards and winners:


For further information from the WeMoney team, please contact:


Media and Awards Team

Five Fintechs On Friday July 22, 2022

The new edition of the five fintechs on Friday is here!

8 days to go till the early bird ticket sales closes. Get your tickets for our annual flagship conference Intersekt soon


News from the industry…

Spenda announces company rebrand. Till Payments adds Alipay to its education offering through Alipay+ partnership. CreditorWatch awarded ISO certification for gold-standard information security management. Upcover raises $4.7m to disrupt “overcomplicated” insurance landscape and GoCardless launches free online course ‘PayTo University’ to support introduction of Australia’s new payment system



I am interested in Global Events!


Below are five fintechs to know about this fortnight!



Spenda is a business ecosystem that facilitates the transfer of both operational and financial data between businesses as they buy and sell from each other. They have over 20 years’ experience in delivering smart B2B software applications, flexible payment and lending solutions, and integration services that help improve the way businesses trade and get paid. Spenda recently launched a rebrand, showcasing a new logo which they say better aligns with the continued evolution and growth of the business.


Upplft is re-imagining the hiring experience by directly connecting top talent with verified businesses, making it a faster, more transparent and direct way of hiring. Removing key friction points from the search and hire process, Upplft believes in the power of creating connections and increasing retention by building lasting working relationships. With a foundation in data, behavioural science and AI, we match talent & businesses using values, culture, personality, and technical & soft skills, in a non-bias way.

So you can re-Imagine the hiring experience with UPPLFT! No more CVs and job descriptions
Upplft Your future. Shaped by you.


Downsizer is a property-focused fintech on a mission to help a whole generation enjoy their downsized life, with more money and more freedom. Using an automated property valuation model, Downsizer unlocks home equity to back a cashless deposit bond for exchange of contracts. This allows empty nesters to secure their new dream home, without having to sell their current home first. The Downsizer Deposit Bond is available for both off-the-plan and existing dwellings and it can be used by owner-occupiers, investors and SMSFs. There is an instant eligibility and affordability.

Lift Women

Lift Women is a female-led FinTech startup and Australia’s first women-focused crowdfunding platform that connects female entrepreneurs to pivotal resources and relationships, while also operating on a social impactful model. Their mission is to close the funding gap for female founders by making funding accessible and possible for all women and girls in Australia and beyond. Empowering women to start their own business, attain financial wellness and live a life to its fullest potential are at the heart of everything they do.

Jacobi Strategies

Jacobi Strategies (Jacobi) helps investment firms streamline their multi-asset investment processes with a unique, customizable platform for portfolio design, analysis and client engagement. The cloud-based software allows users to combine complex financial modelling, portfolio design and intuitive visualisation and reporting. Its unique “open architecture” platform allows firms to build their own code, analytics and applications on top of the platform.
Founded in Brisbane in 2014 Jacobi’s clients include some of the world’s leading pension funds, sovereign wealth funds, asset managers, wealth managers and investment consultants.

Check out our previous issues here

Sandstone Technology appoints Abhish Saha as CEO

Abhish Saha, who over the past 9 months has been occupying the role of Executive General Manager of the Digital Banking & Elevate business unit globally, was today announced as the new CEO for Sandstone. Mr Saha will be replacing Mr Michael Phillipou, who has held this position since December 2020, after he announced his decision to take up an opportunity outside of the business.

During his time at Sandstone Mr Saha has made a significant impact across customer engagement, governance processes and lifting overall business relationships with customers, partners and key stakeholders.

Mr Saha brings over 25 years of experience across both the technology and financial services industries, including CBA and Fintech’s servicing tier 1 banks across the Middle East, Asia and Australia. Mr Saha brings vast financial, strategy, product and technology experience to this role having worked within technical and product functions.

On this announcement, Mr Phillipou said, “I joined Sandstone Technology because I believe in the mission of helping banks to grow their businesses in the most efficient & compliant way, through the provision of market leading technology platforms. As a self-funded private company, competing with some of the largest enterprise financial technology providers in the world, I am exceptionally proud as I reflect on the incredible work the Board, Advisory Committee, Executive Team and our Broader Team, have executed on to support our financial institution customers when they have arguably needed it most.

It now gives me great pleasure to hand over to the Executive General Manager, Digital Banking & Elevate, Abhish Saha who will become the next CEO of Sandstone Technology. Abhish is exceptionally well-suited and best qualified to work with the Board & Advisory Committee to guide this wonderful 26-year-old organisation into its next phase of growth and success.”

Mr Saha commented, “I am honoured to be appointed CEO of Sandstone Technology and am excited to have the opportunity to lead one of Australia’s leading fintech’s through this next period of growth. I would like to thank the owners of the business and other key stakeholders for their vote of confidence in this appointment and the unwavering support of the executive team.

“Over the past 26 years Sandstone Technology has carried a strong track record in delivering automation and digitisation programs across the banking sector with a particular focus on digital banking (including loan origination systems). Understanding the impact of manual processes, customer experience and how complex systems can be simplified for better user experiences has resulted in a string of proven, in-market successes for our customers across the globe.

“Our vast knowledge and depth of understanding of regulatory impact and compliance, provides our customers with a high level of confidence that we can help future proof their businesses, but also de-risking any complex transformation program.

“I would also like to thank Michael for the strong foundation that has been laid and for leaving the organisation in a position of strength.”

Mr Saha’s appointment will take effect on 8 August 2022, with Mr Phillipou continuing on in his capacity of CEO until this date.

View the release here:

About Sandstone Technology

For more than 25 years Sandstone Technology has been innovating and evolving financial solutions for some of Australia and the world’s largest banks and financial institutions. From digital banking and digital onboarding to loan origination and AI-based data analysis, our scalable, robust, end-to-end solutions using a multi-channel approach helps our customers get to market faster.

Till launches Next Gen Pay By Link, offering a highly secure option for remote payments plus Apple Pay acceptance

Global payments fintech disruptor, Till Payments (Till) has announced the launch of new enhancements to its Pay By Link solution. The optimised version includes several updates designed to improve security and consumer trust for remote payments while introducing the ability to accept Apple Pay and other alternative payment methods.

The new and enhanced Pay By Link natively integrates into the company’s data solution, Till Merchant Portal, offering invaluable oversight across consumer, business and transaction data. Additionally, merchants and partners will now have the option to enable Point-of-Sale financing via Till’s partner, FlipPay. 

Till’s Pay By Link allows merchants to send links via SMS or email, leading customers to a Till-hosted, PCI-compliant and private labelled digital payment page, ensuring merchant and partner branding remains front and centre during the entire purchasing journey. The solution eliminates the need for merchants to handle sensitive payment card information, increasing security and consumer confidence.

Dave Hemingway, Chief Product Officer at Till Payments, said the consistent growth of digital payments called for more secure remote payment options and informed the build of the company’s new Pay By Link product. 

“Consumers want more freedom in terms of when and how they pay. On top of that, the upward trend in digital payments is expected to continue, and, as with any financial services products, we recognised a need to deliver a solution that addressed shifting consumer behaviour in a secure and compliant manner,”

“With these insights in mind, our team has designed a new and improved Pay By Link that significantly improves the customer experience and ensures the highest level of trust and security for all transactions while also adding tremendous value to businesses looking to harness the power of their data treasure troves.” He continued. 

Additional features of the new Pay By Link offering include sending pre-authorised payments and setting expiry dates for payment links to encourage prompt transactions and improve business cash flow. More information on Till’s new Pay By Link product is available on: and images can be found via:

About Till Payments

Till is the fast-moving, Aussie-born, global fintech disruptor opening up a world of possibilities for businesses seeking simple, seamless, all-in-one payments. We take the complexity out of getting paid with single-source solutions that ensure merchants and partners can accept any payment wherever and whenever their customers shop, be it online, in-store, or a combination of both.

Media Contact

Tasha Nabila
Till Payments
+61 3 7064 7113

Main Roads Western Australia Joins eInvoicing, Leading the State’s eInvoicing Initiative!

Main Roads Western Australia is the first government department in Western Australia to join the Peppol eInvoicing network and become eInvoice compliant.

Main Roads selected Link4 as their eInvoicing partner – a leading Access Point Provider in the Australian Government sector. This arrangement has helped the department to receive eInvoices from their suppliers. Furthermore, always keen to be in the frontline of embracing the future of eInvoicing, Main Roads is already discussing plans with Link4 to set up the ability to send eInvoices as well.

The completed project focuses on Main Roads receiving eInvoices from Link4 into their ERP platform, Oracle, through the Kofax system, which was implemented in partnership with Process Automation Group. 

“We are excited to be the first government department in Western Australia to undergo this digital transformation and witness substantial improvements in our invoicing procedures,” said Main Roads Project Manager, Prashant Singh.

Main Roads has more than 45 suppliers who can instantly benefit from the department’s decision to switch to eInvoicing – enabling them to experience faster payments using smarter and more efficient workflows.

“We are also happy to help our suppliers get paid faster,” Singh added.

“Government departments and agencies have much to gain by connecting to the Peppol eInvoicing network, it can change the whole procurement process not just for the department alone, but for all its suppliers too,” shared Link4 CTO, Sam Hassan. 

“Main Roads is the first of many government sector organisations in Western Australia to adopt eInvoicing. We are proud that Link4 has a firm footing in helping government departments and agencies across the country switch to eInvoicing,” Hassan added.

About Link4

Link4 is an award-winning, Peppol-certified Access Point that revolutionised the Procure-to-Pay solutions sector by providing seamless eInvoicing services throughout Australia, New Zealand, Singapore, and the United Kingdom. In addition to Link4’s government clients (such as The Treasury, DISER, AOFM, and APRA) are BOC Australia, the BGW Group and thousands of Australian businesses that use Xero, MYOB or QuickBooks as their Accounting system.

About Main Roads Western Australia

Main Roads Western Australia is Western Australia’s key agency responsible for the state’s road and transport network and providing all information related to travelling. Within the scope of this Western Australian government department are the responsibilities of ensuring the state’s needs are met in terms of transport as well as the infrastructure of the state’s roads, bridges, pathways and modes of transport meet the accepted safety and quality standards.

FinTech Australia appoints Nick Kavass as its first Policy Lead

FinTech Australia has appointed former Federal Government adviser Nick Kavass as its first Policy Lead.

Kavass brings nearly a decade of experience across government agencies including The Commonwealth Treasury and ASIC to the role. He most recently served as a policy adviser for former Assistant Treasurer and Minister for Housing Michael Sukkar.

The new role will coordinate with policy partners and members to help formulate and progress FinTech Australia’s policy agenda. This includes: payments policy, the ongoing rollout of the CDR, regulation of Buy Now Pay Later companies, regulation of crypto assets and government support for the fintech community during turbulence in the venture capital market.

FinTech Australia General Manager Rehan D’Almedia said: “This is an exciting and key appointment for the organisation. With a new government in power, we’re looking to step up the rigour of our policy support for our members and build on the extensive groundwork that the organisation has laid over the past few years.”

“Nick’s experience at two key agencies that interact with the ecosystem — Treasury and ASIC — make him invaluable in helping us articulate our policy agenda.

FinTech Australia’s incoming Policy Lead Nick Kavass said: “It’s an honour to take on this new role at FinTech Australia. I’ve interacted with the peak body over the years on policy matters, and it has served as a key voice in shaping the government’s stance on important regulatory issues.”

“I look forward to working with Rehan and the broader fintech community to navigate what is shaping up to be a complex framework of policies for the sector. I suspect I’ll be meeting many of our members at Intersekt in September, which will set the policy agenda for our work over the next 12 months.”

Kavass’ appointment follows the launch of tickets for FinTech Australia’s annual conference Intersekt. Sales launched two months ahead of the event in anticipation of a sell-out, as seen during last years’ event.

With the international borders open again this year, Intersekt will feature delegations from Singapore, Ireland and the UK.

The event will contain over 40 panels, featuring speakers from Treasury, ASIC, Mastercard, Visa, Reinventure, X15, Austrade, Worldline, Trade Ledger, Frollo, Basiq, Envestnet Yodlee, FrankieOne, Shaype, Monoova, Novatti, Experian and many more.

Intersekt will be held at the Grand Hyatt Melbourne on September 7 and September 8. Early bird tickets can be purchased on the Intersekt website. 

For any policy related queries, please reach out to Nick at

Media contact

Harrison Polites

0409 623 618

About FinTech Australia

FinTech Australia is the national association for the Australian FinTech Startup community. Our vision is to make Australia the leading market for FinTech Innovation and Investment by working with both sides of Government, Industry and the Australian FinTech community to create a supportive environment and partner ecosystem in Australia and abroad.

World’s first Open Data marketplace, Adatree Exchange, launches – provides one-stop shop to leverage data under the Consumer Data Right

The world’s first Open Data marketplace, Adatree Exchange has launched, streamlining how organisations discover and procure regulated Consumer Data Right (CDR)-ready, third-party software capabilities.

Created by Adatree – a multi-award-winning Australian fintech and leading data intermediary and recipient platform, co-founded by former Tyro Payments and Volt Bank employees Jill Berry and Shane Doolan – the Adatree Exchange expands the possibilities of accelerating use cases and transformation of CDR data.

The revolutionary Open Data marketplace provides customers with a one-stop shop to supercharge CDR data. Before the Exchange, businesses would engage a CDR intermediary to procure the raw data and then go out to market to find additional services to help digest that data or functions to apply to their unique business needs. Following this, they would have to integrate with them and make sure the business meets the CDR outsourced service provider technical and security requirements too.

Now, businesses can leverage the Adatree Exchange to find a variety of CDR-ready third-party services to access capabilities like data categorisation, customer verification, data enrichment, credit application automation, de-identification, product comparison, and account verification.

Many businesses are still unsure of what they could do with CDR data, and they faced the challenge of finding service providers that are accredited and competent in working with CDR data. About 80-90 per cent of conversations Adatree had with businesses wanting to receive CDR data was about what they could do with the data. The Adatree Exchange aims to help businesses see the possibilities available to accredited data recipients.

Alex Scriven, Chief Operating Officer at Adatree, says: “We are thrilled to launch Adatree Exchange with world-class technology providers. The Exchange is set to be a gamechanger for any organisation wanting to access CDR data. With the industry rapidly changing, the more we can do to increase use cases of Open Data, the better it will be for consumers in the long-term.

“When Adatree launched at the infancy of the Consumer Data Right in Australia, it was created as a data recipient platform for organisations to access CDR data. As the industry reaches maturity, customers are wanting more options and capabilities around what they can do with this data. We wanted to give customers everything they need to use CDR data to its full potential.

“We’re extremely excited about the future of the Adatree Exchange – the possibilities are endless as Open Data advances further in Australia. We have already begun to curate, vet and integrate with organisations across all different sectors as part of our Exchange, and we look forward to working with more experts as they join the world’s first Open Banking marketplace.”

The Adatree Exchange started organically, with Adatree’s clients and prospects wanting to access data initially, then asking for different use cases, augmentation and transformation to be built out. While Adatree will continue to build out its own capabilities to transform data, the Exchange will accelerate the ability for Adatree’s clients to access a wide-breadth of capabilities from many different best-of-breed companies.

Adatree is launching with 10 participants on the platform including energy comparison platform Accurassi, global data analytics provider Personetics,end-to-end digital comparison platform CIMET, product recommendation engine Stryd, auditing firm AssuranceLab, instant finance app for lenders and brokers Piico, AWS-specialist cloud infrastructure company DNX, leading cybersecurity firm Astero, turnkey cloud infrastructure Citadel, and credit risk and data science consultancy Kadre.  

All Exchange participants are audited outsourced service providers (OSPs), whereby Adatree conducts stringent compliance checks to ensure data will be managed to the highest CDR standards.


For more information, interviews and images, please contact:

Macrina Lim, The PR Hub | +61 (0) 430 547 751 |

About Adatree

Adatree is an award-winning Australian financial technology company at the forefront of Open Data, also known as the Consumer Data Right (CDR). As Australia’s first accredited and active intermediary, Adatree uses a sophisticated and secure proprietary platform to enable a wide array of businesses, including banks, credit unions, comparison websites such as iSelect, BNPL such as humm, and financial services, to access consumer banking data to improve their products and services.

Adatree was co-founded by former Tyro Payments and Volt Bank employees, Jill Berry and Shane Doolan in 2019. It won Best Open Banking Solution in the 6th Annual FinTech Awards 2021. Jill also won Female Fintech Leader of the Year at the same award, in addition to winning Emerging FinTech Leader of the Year in the 2021 Finnies Award and being named as a finalist in the 2021 Women’s Agenda Emerging Leader in Tech. For more information visit

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