FinTech Australia appoints Rehan D’Almeida as General Manager

With the Finnies less than a month away, today we’re announcing some exciting news for our organisation.

Rehan D’Almeida, whom many of you will know, has been promoted to General Manager of FinTech Australia. Rehan started at FinTech Australia as a Marketing Intern five years ago, working to his current role as Head of Strategic Partnerships and Marketing.

The board has been particularly impressed with Rehan’s work. He was one of the key figures behind FinTech Australia’s growth over the past few years. Thanks to his work, FinTech Australia has exponentially grown both its member base and its partnership program, which now boasts over 400 members and 45 corporate partners.

As part of this news however, we also have to announce that Andrew Porter has taken the difficult decision to resign as CEO of FinTech Australia. 

The board has accepted his resignation and thanked Andrew for his contribution. Porter told us “Working with the member body of FinTech Australia has been an absolute pleasure, but has made me realise that my passion for the space really lies in building fintechs via investment or direct involvement.”

“I am confident that I am leaving the organisation in great hands and wish Rehan all the best in the role of General Manager.”. 

FinTech Australia is a unique organisation performing an important role on behalf of our member base. The nature of the industry and the nuance with which we operate and advocate means that promoting people from within our team often brings the best results – results driven by people who are as passionate about and as sensitive to the needs of the fintech industry as our member companies are. 

The board and I are confident that Rehan will take FinTech Australia to new heights, and know that he will continue to build strong relationships and apply the careful guidance required during the next phase of the organisation’s growth. Over the coming weeks, Rehan will be growing his team to broaden FinTech Australia’s expertise and capacity to bring increasing support and benefits to our members.

As always, we welcome any input from our members. And we would invite you to join with us in congratulating Rehan for what is an incredible, well-earned career achievement.

Rehan, the rest of the board, myself and the FinTech Australia team, look forward to seeing you at The Finnies on June 23.

 

Simone Joyce
Chair
FinTech Australia 

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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Upcoming Events

There are no upcoming events at this time.

Videos

Ep 2: Fintechs Acceleration of Growth Since COVID

Ep 1: The Evolution of Payments

Scaling Product Globally

Podcasts

Lee Hatton – Afterpay: FinTech Australia Podcast

Anthony Jones – Visa AUS/NZ

Tim Cameron – TransferWise