Five Fintechs On Friday August 4, 2022 – Intersekt 2022

If you’re a fintech and haven’t completed already, please participate in the EY FinTech Australia Census to highlight the key issues that are affecting the fintech community. This is an important study to inform our dealings with policymakers and the media. It lends our commentary and policy suggestions weight as it allows us to demonstrate that our key points truly reflect the views of the ecosystem. It is a highly valued source of information by both regulators and government.

Networking drinks, Industry Dinners, Pitch Nights and more. Get your tickets for our annual flagship conference Intersekt soon

FinTech Australia, Seed Money, Mastercard, Dialpad and Seed Space have joined forces to deliver this year’s Intersekt Pitch Night 2022. Express your interest below to pitch your fintech to investors and to win amazing prizes.

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

News from the industry…

Till Payments launches NextGen Pay By Link, offering a highly secure option for remote payments plus Apple Pay acceptance. WeMoney Announces Winners of Inaugural Home Loan Awards. Adatree Exchange launched recently providing one-stop shop to leverage data under the CDR. KOBA Partners with Birchal for Second Funding Round

Below are five fintechs to know about this fortnight!

Swoop

Swoop is an online marketplace for businesses and their trusted advisors to gain access to a range of funding and cost savings opportunities across loans, equity, grants, FX, business current accounts and credit cards. Swoop’s technology analyses client information which is provided from the client and accountancy software plug-ins. Their platform matches the client to the best options available to them in the market and their dedicated funding managers step in to understand the business and advise on what funding best suits their needs

Tanggram

Tanggram dedicate the mission towards helping everyday people build wealth through daily activities. Early this year, Tanggram launched a sustainability-focused superannuation option that uses SDGs as its metrics. Also, Tanggram successfully raised $1Mil from Aqueduct Venture last month. One of the reasons for Aqueduct Venture to invest in Tanggram is that they have found there are great synergies in their investment portfolio. The fund will be mainly used for Tanggram continued scale up as well as product development. Another big news is that Tanggram have been awarded the Best Workplace Diversity award at the Finnies 2022.

Superhero

With over 200,000 investors, Superhero is a leading share trading and superannuation platform that aims to make investing accessible, understandable and affordable for all Aussies. Co-founded by John Winters and Wayne Baskin, Superhero allows investors to trade Aussie and U.S. stocks in real time with no account fees. Investors have access to live AU and U.S. market data, instant PayID transfers and low cost trading across ASX and U.S markets.

Superhero launched its flagship superannuation product, Superhero Super, in July 2021 – giving Australians the ability to invest their superannuation in their chosen shares and exchange traded funds. In June 2022, Superhero announced an industry leading merger with leading Australian cryptocurrency exchange Swyftx. The merger will create an integrated app, allowing Australians to seamlessly trade equities and digital currencies on the same platform.

Yondr Money

Yondr Money is a technology driven fintech company based in Australia that offers an intelligent and streamlined, customer-first alternative to mainstream banks. Yondr was created to address some of the banking industry’s most pressing issues and to tip the balance back towards the customer. Yondr has developed a cutting-edge fintech platform that combines the advantages of both traditional and digital money experiences. After completing extensive closed-group testing, a public beta was successfully launched to market during February 2022.

Worldpay from FIS

Worldpay from FIS® payment processing solutions allow businesses to take, make and manage payments seamlessly across channels, geographies and industries. Over 1M+ merchants globally utilize Worldpay, enabling them to accept 300+ payment methods across mobile, online and in-store transactions. Offering industry-leading scale and an unmatched integrated technology platform, Worldpay solutions help businesses unlock new opportunities, manage payment processing more efficiently and deliver an exceptional omni-commerce customer experience.

Check out our previous issues here

A year in review for FinTech Australia 2022

6 years ago, fintech founders and partners came together to form the industry association to advocate and support for what is now the fastest growing industry both locally and globally.

We’re excited to share our journey and achievements from last year and have put together this year’s infographic outlining our milestones.

We will continue to champion the fintech agenda and engage with Government and Industry to support our community, promote innovation and benefit the end consumer. Challenging existing structures and driving policy reform will continue to be a key priority.

We have had some big successes and our growth will help build more services for the industry. With your support we have built the Fintech Jobs Board, Ecosystem Map, Investor Map and Regulatory map to reduce barriers of entry for fintechs. With the support of the new Government, we will keep this momentum to further support the industry and enable growth.

This has not been possible without the support of our members, our corporate partners, our event sponsors, regulators, State and Federal Government, media partners and the general community. Thank you to all who continue to support us and please reach out for any feedback and suggestions.

There’s more to look forward to with international delegations, additional support services, more meetups, roundtables, networking opportunities and discounted services from out partners. Watch this space!

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 nick@fintechaustralia.org.au 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

Regards,

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

 

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

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

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

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

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 nick@fintechaustralia.org.au


Media contact

Harrison Polites
harrison@themediaaccelerator.com.au

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.

FinTech Voice July 14, 2022

Dear Community,

The Intersekt Fintech Festival 2022 tickets are now available for purchase. After an overwhelming response at the Finnies with tickets selling out within three weeks of launch, we are expecting a huge turnout for this year’s conference. Book your discounted early bird tickets now! Expect sub-industry dinners (Sept 6), pitch night, roundtable discussions, International delegations, stellar speakers, networking events and much more on the 7th and 8th of September in Melbourne.

We are continuing to drive the fintech policy agenda with the new government. We recently sent a letter to the Treasurer requesting to discuss the approach the office will take towards supporting the recommendations made in the ‘Payment Systems Review’. We also plan to highlight to the Treasurer other issues in the industry such as BNPL, CDR and Crypto regulation.

ASIC (Australian Securities & Investments Commission) is hosting a Financial Innovation Regulator Meet-up. It is bringing together representatives from national bodies to discuss issues and their latest experience with financial innovation and technology on 28 July. For more information and registration, visit here.

Finally, we welcome our newest member this fortnight – JACOBI STRATEGIESSWOOP FINANCE PTY LTD AND LIFTWOMEN GROUP

Regards,

Rehan D’Almeida,
General Manager,
FinTech Australia

Crypto-Asset Roadmap – 2022-23

The International Organization of Securities Commissions recently published its Crypto-Asset Roadmap for 2022-2023 that sets out its regulatory policy agenda and work program for the sector over the next 12 to 24 months

It will prioritise policy-focused work on crypto-asset markets and activities in its initial 12 to 24 months of operation, while continuing to monitor market developments associated with broader Fintech-related trends and innovation.

 

🏅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

🤝🏻 Lift Women is celebrating its 1st year Anniversary founders and backers who have realised their dreams and changed lives collectively by uplifting each other – Join the inaugural in-person event on 14 July. Register today.

💻 Stone & Chalk will be opening a Scaleup Hub at Tech Central in July 2022 to power scaleups that are shaping Australia’s economic future. This is Stone & Chalk’s second Hub in Sydney. To know more about the tour of the hub, visit 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. Book your pass now

📊 Databricks presents The Scaling With Data + AI OpenHack Challenge that aims to inspire the most audacious data + AI ambitions of Australian companies from across startups, fintech, FSI, media & entertainment and retail. For more info, visit here.

 

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

  • Superapp Bano partners with Currencycloud to simplify finance for Australia’s Gen Z
  • GoCardless launches free online course ‘PayTo University’ to support introduction of Au`stralia’s new payment system
  • Spenda announces company rebrand
  • Fintechs Mitrade and Azupay partner for real-time payments
  • Link4 Helps Government Organisations Embrace the New Era of eInvoicing
  • Till Payments adds Alipay to its education offering through Alipay+ partnership
  • CreditorWatch awarded ISO certification for gold-standard information security management
  • Change Financial launches global payment API sandbox in a New Zealand first
  • Upcover raises $4.7m to disrupt “overcomplicated” insurance landscape
  • Monoova announced its merger with foreign exchange organisation Moneytech FX to deliver a single platform that enables businesses to consolidate domestic and international payment processes

 

Fintech Australia launches ticket sales for Intersekt 2022 following event sellout last year

FinTech Australia has officially launched ticket sales for its annual flagship conference Intersekt, following the sellout of the event in 2021.

This year’s Intersekt promises to be the biggest yet, featuring several international speakers including Andrea Reynolds, a non-executive director of Berkshire Hathaway, consultant to McLaren F1 and Founder and CEO UK’s leading finance fintech Swoop.

The event will also feature international speakers from Wayflyer, Checkout.com, Currencycloud, Zai, Fenergo and Six.

EY Chief Economist Cherelle Murphy will present market and industry trends along with her focus on sustainable and inclusive economic growth. Intersekt will also feature speakers from Treasury, ASIC, Mastercard, Visa, Reinventure, X15, Austrade, Worldline, Trade Ledger, Frollo, Basiq, Envestnet Yodlee, FrankieOne, Shaype, Monoova, Novatti, Experian, X15 and many more.

With the international borders open again this year, Intersekt will feature delegations from Singapore, Ireland and the UK. The industry executive roundtables, sub-industry dinners, a pitch night and networking events are also set to return.

General Manager of FinTech Australia Rehan D’Almeida said: “Last year we had over 800 attendees, and a long waiting list for the first time in Intersekt’s history. Given this, we’re encouraging those interested in attending to register early this year to avoid missing out.” 

“The full conference agenda will be finalised over the coming weeks, but as it stands we’ll be covering some of the major topics including: PayTo, the CDR, Open Finance and shifts in business banking. We’ll also be branching into some new ground regarding Web3, Proptech and its interaction with fintech and, of course, innovations in cryptocurrency. We will also be delving into changing market conditions facing the fintech sector and venture funding trends.

“All of these topics will tie into our four key themes: DeFi and Web3, The Payments Revolution, Fintechs Going Global and Customers in Spotlight.” 

“Intersekt would not be possible without our partners. I’d like to thank our Presenting Partner the State Government of Victoria and also our Gold Sponsors: Austrade, Till Payments and Swyftx.”

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.


Media contact

Harrison Polites
harrison@themediaaccelerator.com.au

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.

Five Fintechs On Friday July 8, 2022

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

 

First, news from the industry…

Link4 is expanding its services to the United States with the support of an export grant through the Government of South Australia. Nano announces major B2B expansion plan to bring fast, digital mortgages to all. WeMoney Announces Winners of Inaugural Personal Loan & Car Loan Awards

 

Below are five fintechs to know about this fortnight!


iPayd

iPayd is a payment protection service for private buyers & sellers where it receives the payment from the buyer (the money being paid for goods or services) and holds it until both the buyer and the seller agree to the release of funds.
iPayd was created by car enthusiasts and fintech developers to protect people from private marketplace scammers.
They are on a mission to open up the potential of the Consumer-2-Consumer economy by solving the issue of trust; between private buyers or sellers.

apickle

Running a business is tough. By the time SMB’s have paid all their rising fixed cost there is nothing left over.

Sounds like you’re in a bit of a pickle…

APICKLE’s intuitive lending-based platform offer SMB’s small little unsecured loans for businesses that think BIG.
Merchant Unsecured business loan – Repay as You Trade
Line of Credit – Use it when you need it.
Now that’s a BIG DILL.

Their platform aggregates consumer demand for unsecured business loans and connects it to its network of APICKLE enabled partners.

Brighte

Brighte is on a mission to make every home sustainable, offering consumers a fast and easy way to pay for solar, battery and home electrification. Brighte has to date helped over 110,000 households get solar sooner, partnering with over 2,000 solar retailers nationally and processing more than $1.3 billion in finance applications. In Dec 2021, ten percent of solar installations nationwide was financed by Brighte. A purpose-led business supporting the power shift to the home, Brighte financed installations reduce household CO2 emissions by 800 million tonnes each year, representing 650MW of solar generation capacity.

Paytron

Paytron is a sophisticated payments platform that lets SMEs manage all their business payments in one place, with built-in approvals workflows. Paytron is the only platform in Australia to streamline accounts payable, receivable, FX payments, payroll, and employee spending corporate cards. The platform allows businesses and their accountants to eliminate 5-6 different apps, and remove ABA files, manual processes, and duplication of work. Paytron also has a two-way sync with Xero, allowing for real-time data visibility and automated reconciliation. Paytron has been selected by Austrade and Investment NSW as one of Australia’s leading Fintech’s.

Card Access Services (CAS)

Card Access Services (CAS) is an Australian provider of payment technology and services, specialising in design, development & integrations to facilitate payment collection, data reporting and automated reconciliation.

The platform is used by merchants around the world servicing online, phone, mobile, traditional retail, and self-service channels.
In the APAC region, CAS is connected to 30+ banks and additionally has its own merchant acquiring business: Paymate, providing online merchant and settlement services in AU and NZ.

CAS is also a successful exporter of our payment technology and managed services to Governments in SE Asia and Africa. CAS was established in 1987.

Check out our previous issues here

FinTech Voice: Finnie Awards – June 30, 2022

Dear Community,

It’s been an exciting fortnight with Finnie award winners announcement at the Gala night in Melbourne. Congratulations to all the winners and finalists. Pictures and videos from the night are also now available. Thank you to all for making it a huge success.

It’s business as usual at FinTech Australia. We will strengthen our focus on driving the policy agenda with the new Government. We will also be engaging with all the regulators to discuss the key priorities.

Our immediate priority is regarding the independent review of the Reserve Bank of Australia (RBA). we welcome this review and support a holistic consideration of the RBA’s performance and mandate. We are also excited about the launch of Payto. While we wait for the banks to enable it to their customers, we look forward to the ramp up of the system and use cases that come from it. We will be advocating on behalf of our members for reforms of payment regulation alongside decisions about CDR.

We are also close to finalising the program for Intersekt this year. It’s going to be bigger than ever and will have more updates to share soon. Early bird tickets are now available for purchase. If you have any suggestions, please reach out.

We’re headed to our next meetup in Brisbane on 13th July. Register early as we have limited space for the event.

For any queries, feedback or suggestions please reach out to us.

Regards,

Rehan D’Almeida,
General Manager,
FinTech Australia

The Council of Financial Regulators

The Council of Financial Regulators highlighted in their release about their immediate focus areas including debanking, crypto assets, stablecoins (& payments), CHESS replacement, dispute resolution, interest rates, & sustainability & climate disclosure standards.

Thank you to all the members who participated in the debanking roundtable. We will continue to engage with the Council and individual regulators.

 

🤝🏻 Monetary Authority of Singapore is hosting its Global FinTech Hackcelerator 2022. It is a great opportunity for fintech companies to gain access to some of the fastest growing markets in Singapore and the region. Applications open till 10 July. For more info, visit here

📇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.

 

🤝🏻 Stone & Chalk powered by Pivott presents the Pivott Talent Jam. Get a chance to pitch your company and ideal candidate criteria in under a minute. Passionate jobseekers will then participate in a speed networking session – 5 July. Get your tickets here

💻 Stone & Chalk will be opening a Scaleup Hub at Tech Central in July 2022 to power scaleups that are shaping Australia’s economic future. This is Stone & Chalk’s second Hub in Sydney. To know more about the tour of the hub, visit here

 

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

  • Mambu partners with CommsBank to develop Unloan, the CBA group’s new digital home loan
  • WeMoney Announces Winners of Inaugural Personal Loan & Car Loan Awards
  • Zai waives PayTo fees, saving Australian businesses thousands of dollars
  • TreviPay has teamed up with payment processor Compaynet to power its B2B trade credit product
  • Link4 is expanding its services to the United States with the support of an export grant through the Government of South Australia.
  • Bendigo and Adelaide Bank partnered with Sandstone Technology to transform and streamline their loan processing systems and processes.
  • Lensell releases an article – part of 4th in the in the “OpinionaTech” leadership series
  • Nano announces major B2B expansion plan to bring fast, digital mortgages to all

FinTech Australia Announces 2022 Finnies Award Winners

Monoova, Nano Digital Home Loans, BTC Markets, Wagestream, Tanggram, and Up are among the biggest winners of the seventh annual FinTech Australia Finnie Awards.

In a nod to the fintech industry’s growth, for the first time in the awards’ history, no company won more than a single prize.

FinTech Australia CEO Rehan D’Almedia said: “When I first started working on the Finnies, we had a handful of companies cleaning up several awards.”

“Now, thanks to the level of competition and diversity in the market, companies are lucky to win a single award. It’s yet another indicator as to just how much the sector has grown and matured in such a short time.”

“It’s much harder to win a Finnie than ever before. On that note, we’d like to congratulate all of the winners, but equally celebrate all of the finalists as the calibre of entries was high across the board.”

Payments firm Moonova was named FinTech Organsiation of the Year, while Nano Digital Home Loans picked up Emerging FinTech Organisation of the Year. Tanggram won the Best Workplace Diveristy Award.

Dominic Pym from Up was named FinTech Leader of the Year. BTC Markets CEO Caroline Bower won Female FinTech Leader of the Year and Wagestream co-founder and CEO Josh Vernon was awarded Emerging FinTech Leader of the Year.

FinTech Australia also inducted its first individual — Reinventure co-founder and partner Simon Cant — to the Hall of Fame, joining industry leaders Airwallex and Afterpay.

Cant and his business Reinventure were instrumental in early funding and growth of Australia’s VC ecosystem, as the first dedicated fintech VC firm in the country.

“We could not think of a more worthy individual to be inducted into our Hall of Fame,” D’Almedia said.

“Many of our winners this year, such as Flare and Zai, are flourishing due to early backing from Reinventure. While many fintechs received funding from Simon’s firm, countless others have benefitted from his advice and guidance over the years. He was was also instrumental in capturing initial government support and focussing attention on fintech and regulation. Simon is a true asset to our ecosystem.”


Media contact

Harrison Polites
harrison@themediaaccelerator.com.au

0409 623 618


About FinTech Australia

FinTech Australia is a 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.

 


FINNIES 2022 WINNERS

Best Workplace Diversity – Tanggram

Emerging Fintech Leader Of The Year  – Josh Vernon, Wagestream

Female Fintech Leader Of The Year – Caroline Bowler, Btc Markets

Outstanding Fintech Leader Of The Year – Dominic Pym, Up

Excellence In Establishing Market Presence: Global – Wise

Excellence In Industry Collaborations & Partnerships – Flare

Excellence In Business Lending – Octet

Excellence In Consumer Lending  – Driva and Wisr

Excellence In Payments (Including Remittance/Fx)  – GoCardless

Excellence In Blockchain/Distributed Ledger  – Civic Ledger

Excellence In Crypto And Digital Currencies/Wallets/Exchanges – Crypto.Com

Excellence In Insurtech  – Koba Insurance

Excellence In Regtech  – FrankieOne

Excellence In Wealth Management (Including PFM And Robo)  – Raiz Invest

Excellence In Open Data  – Frollo

Excellence In Fintech Support Services –    Astero

Deal Of The Year – Zai

Best Partnership Of The Year  – Slyp & Divipay

People’s Choice – Emerging Fintech Organisation Of The Year – Betacarbon

People’s Choice – Fintech Organisation Of The Year – Hnry

Emerging Fintech Organisation Of The Year  – Nano Digital Home Loans

Fintech Organisation Of The Year  – Monoova

Hall Of Fame Inductee – Simon Cant, Reinventure Group

Upcoming Events
  1. FinTech Australia Series: Digital Transformations in Fintech

    August 10 @ 5:30 pm - 8:30 pm
  2. B2B SaaS events by AWS

    August 17 @ 8:30 am - 2:30 pm
  3. Intersekt 2022

    September 7 - September 8
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