Member Spotlight: Civic Ledger, Digitally Transforming Water.

“Whiskey is for drinking, water is for fighting over”  —  Mark Twain.

The allocation of water rights in Australia has recently been the subject of media attention, particularly surrounding the Murray-Darling Basin, where an over allocation of water rights in the second half of the 20th century has led to a water shortage. Since water rights are regulated by the states, the systems are far from unified. There are four state registries, seven regulators, around 300 water products, and over 15,000 business rules that government water trades. Each register also attracts a fee to gain access and perform searches.

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Member Spotlight: InDebted, the model company for a post-Covid-19 market.

For many, the Covid-19 pandemic has slowed business growth and, for some, it may mean that they will have to shut their doors. It has been an unprecedented time of economic downturn, that the International Monetary Fund has tipped as potentially triggering a global recession worse than the recession triggered by the GFC. However, for some in the fintech industry, this has been a period of prosperity. Despite the economic downturn, many fintechs have seen continued investor support. In April, Xinja raised $433 million from a fund in the United Arab Emirates, and AirWallex gained unicorn status with a $252 million raise. More recently, Nium and Moneytree have completed successful raisings, and Joust has merged with Loan Dolphin.

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Member Spotlight: BTC Markets, Cryptocurrency and CBDCs in Australia

In last week’s spotlight, we discussed Covid-19’s acceleration effect regarding the adoption of new technologies. Continuing that trend, this week we spoke with CEO of BTC Markets, Caroline Bowler about the opportunities that the current market presents for cryptocurrency adoption and, in particular, Central Bank Digital Currencies.

During the past few months, the cryptocurrency markets, with Bitcoin in particular, experienced significant movement. This can potentially be attributed to uncertainty in traditional markets and the recent Bitcoin halving. Despite prices slumping in recent weeks since the halving, investor activity in Bitcoin derivatives is at record levels. “The pandemic has amplified digital asset’s presence on the global financial stage,” says Ms Bowler, “we see an opportunity for investors adopting digital assets to cushion against the economic effects of Covid-19. For example, bitcoin as a potential deflationary hedge against inflation brought on by quantitative easing. Evidence of investor activity can be seen by looking at the asset’s derivative markets.” (more…)

Five FinTechs on Friday 2

In today’s series we cover Australia’s leading digital asset exchange and a payment technology company that is offering a special rate for FA paid members. We also put the spotlight on a governance platform for data sharing, smart mobile wealth creation app, and payment terminals software and services.

Watch this space for more! (more…)

Five FinTechs on Friday

The fintech industry is continuing to innovate and we’ve had exceptional startups launch in Australia. In this new series, we will be highlighting five fintechs every friday to put a spotlight on the amazing solutions the companies are developing (more…)

Industry Updates, May 7 2020

 




We hope that everyone is staying safe at this time. We are continuing to strongly advocate for you all in respect of recent Covid-19 measures, including the expansion of JobKeeper, its application to SME lenders, and AOFM funding to non-bank lenders. We are also currently drafting submissions to the Inquiry into the Future Directions for the Consumer Data Right, and the ASIC ePayments Review (details below). We have also launched a talent marketplace on Linkedin in partnership with Tier One People.

The Finnies and Intersekt

We wanted to share a quick update with you with regard to the Intersekt Fintech Festival and The Finnie Awards. In such uncertain times, we are working hard to ensure Intersekt Fintech Festival 2020 will proceed as planned from the 26 to 27 October 2020 and The Finnie awards which have been rescheduled for November 27, 2020. With networking an integral part of coming together for these events, our first preference is to run live events as normal.

New partnership with Vocus

We have also partnered with Vocus, a leading Tier 1 telco and network solutions provider, connecting people, businesses, and governments across Australia and the world. They offer customised solutions to some of Australia’s largest and most promising financial services organizations, and are looking forward to enabling the fintech industry to innovate and grow further. (more…)

FinTech Australia partners with Vocus

FinTech Australia has partnered with specialist fibre and network solutions provider Vocus.

Vocus has signed up as an ecosystem corporate partner of FinTech Australia, in addition to supporting its major events. The partnership will see Vocus become a major partner at The Finnie Awards, as well as a supporter of Intersekt – Australia’s FinTech Festival.

Vocus joins AWS, VISA, Bank of Queensland, NAB, EY and BDO as a corporate partner of FinTech Australia. (more…)

FinTech Australia launches talent marketplace

FinTech Australia has partnered with Tier One People to launch a talent marketplace for Australian fintechs.

The marketplace, run through LinkedIn Groups, aims to connect candidates with prospective employers and help any talent displaced by the COVID-19 pandemic find new opportunities.

Before even launching, Revolut, Xinja, Up, Wisr, 86 400, Assembly Payments, ReInventure Group, Airtree Ventures and Spriggy are just some of the companies to show their support by joining the group. Job opportunities will be advertised in the group beginning this week.

“This crisis will cost many their jobs, and the fintech industry is not immune. However, the FinTech Talent Marketplace is a way that we can help those whose jobs are impacted and keep them in the ecosystem,” FinTech Australia GM Rebecca Schot-Guppy said. (more…)

FA x Tier One People Podcast Partnership

FA is proud to announce our partnership with Tier One People’s podcast to provide you with better and more accessible content on FinTech!

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Industry Updates: CDR, international delegations, and the Finnies!

FinTech Australia welcomes the second review into CDR and progress towards a digital economy. Our article in The Australian was published yesterday.

We’re looking forward to our first delegation this year to the UK for Innovate Finance global Summit, in partnership with UKDIT. Around 12 of our fintechs will be travelling for the event and the program has commenced. We have also begun planning a delegation to CB Insights: Future of Finance. All details and your EOI link can be found here. Email Rehan for clarifications. (more…)

Industry Updates: Delegation to the UK and big policy wins!

It’s already mid-February and there is a lot of positive noise about fintech in the community, parliament and the papers. The first of what we hope will be policy inroads for the fintech community passed this week being the Treasury Laws Amendment (2018 Measures No 2) Bill 2019. The bill allows for the regulatory sandbox to be expanded and for an increased testing period to help fintechs create a minimum viable product to take to market.  Thank you to everyone that has been involved in getting this important piece of legislation passed.

We have so much on the horizon to look forward to – from the Senate Inquiry hearings to two roundtables with Treasury, Regulators and members, and two new submissions. (more…)

Industry updates: Flagship event opportunities, new MOU with Israel and Geneva and more!

With bushfires still devastating the country, I would like to recognise some of the measures that our members have taken to support those in need.

Intuit has pledged $1,000,000 USD to help with relief efforts and implemented donation matching through the We Care and Give Back program. NAB Bank has also given all employees an additional day of annual leave to be spent in a bushfire affected town. (more…)

FinTech industry updates: Issue paper submitted, FA got a new website!

Welcome back to 2020, I hope that everyone had a great end of year break with friends and family.
 

However, I want to touch on a more serious note. Over the break, many families suffered an extreme amount of devastation across the country as a result of the bushfire disaster.

I encourage everyone in the community to do as much as they can to support those in need. Whether that is helping at a food/supplies drive, volunteering at a relief shelter or donating.

To assist in this, FinTech Australia has collated a list of links to help steer any volunteering or donation efforts to where they are needed.

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Kickstart the decade with Asia’s biggest disruptors at Money20/20 in Singapore

Money20/20. No, not the year 2020 but perfect, 20/20 vision. As in, see-into-the-future-of-money type vision. Money20/20 brings that future into crystal clear focus, so those in the industry can plan, create, collaborate – and take their businesses forward. 

With that goal in mind, the region’s biggest change-makers are joining the line-up in Singapore, with keynotes including: 

– Douglas Feagin, President of International Business, Ant Financial Services Group – Armand Hartono, Director, PT Bank Central Asia, Tbk – Jason Thompson, CEO, OVO – Jason Gardner, Founder & CEO, Marqeta – Muhamad Fajrin Rasyid, Co-Founder & President, Bukalapak – Anubrata Biswas, MD & CEO, Airtel Payments Bank 

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Fintech industry updates: Issues paper update & dates for next year's finnies and intersekt


It’s the last month of the year and we’re not slowing down just yet. The Senate Committee Issues Paper is still our highest priority and we thank all our members who provided their inputs. Through the submission we aim to deliver a clear outcome and help our politicians create a policy environment that will help the sector thrive.
And finally…
Rehan and I will be catching up with our members in Melbourne and Sydney in January to hear about success stories, challenges and other service offerings we could develop to maximise value from being members. If you wish to become a member of FinTech Australia, please email rehan to schedule a meeting. We’re also open to suggestions via email. (more…)