Sydney and Melbourne startup hubs will be an international boost for Australian fintech

Sydneys proposed new 11-floor startup hub – set to be the largest in the southern hemisphere – should help build even stronger links between the Australian fintech industry and global markets, FinTech Australia said today.

FinTech Australia CEO Danielle Szetho welcomed the news that Jobs for NSW would invest $35 million into the facility, which will create up to 6,500 jobs and contain enough floor space to spread over the size of two football fields. (more…)

As many FinTech Australia members would be aware, the Australian Government’s decision to severely restrict the use of skilled migration visas (previously the 457 Visa) in April caused an uproar in the tech community, particularly given the decision exacerbated existing skills shortages.

Since that time, we have been working closely with StartupAUS and TechSydney to lobby the government on behalf of the tech community. This culminated in the lodgement of a joint submission to the government on 21 June. (more…)

New Board Appointments for FinTech Australia

Following on from our recent Board election, and in line with the new Company Constitution, the FinTech Australia board has made a number of appointments. (more…)

Australia becomes world leader in fintech adoption

FinTech Australia today welcomed a major report which shows that Australia has among the best fintech market penetration in the world, ahead of other advanced markets such as Hong Kong, Singapore and the United States.

The EY FinTech Adoption Index shows that Australia is now ranked fifth highest out of 20 surveyed markets for fintech consumer adoption. (more…)

Fintech small business lenders support research survey

New research will aim to establish current trends and best practice in the growing fintech lending market to small and medium-size enterprises (SME).

Fintech small business lenders will be surveyed as part of a collaborative research project by the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) with industry organisation FinTech Australia and independent SME finance expert Neil Slonim from the BankDoctor.org.

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FinTech Australia releases fintech ecosystem map

Australia’s fintech industry body today released its first member ecosystem map, which helps build domestic and international understanding of the nations fintech strengths and diversity, particularly in wealth generation and lending.

The map lists 119 members of FinTech Australia, along with the nations key financial services regulators.

“The map is arguably the best visual representation yet of our fintech industry, which is the largest startup sub-sector in Australia according to the most recent Startup Muster survey,” said FinTech Australia CEO Danielle Szetho.

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Australian festival to drive Asia-Pacific fintech growth

Australian fintech industry leaders today announced that Melbourne would later this year host a week-long fintech festival, which is expected to be the most influential event of its type in the Asia-Pacific region. (more…)

Global FinTech Leader of the Year candidates

As part of the Finnies, we’ve opened voting for our Global FinTech Leader of the Year award. This award recognises an individual from the Global FinTech community who has demonstrated a commitment to innovation that directly and positively impacts Australia, and also improves the delivery of a financial service to businesses or consumers using technology. (more…)

457 Visa Changes – What you need to know

In a sudden announcement yesterday, Prime Minister Malcolm Turnbull announced that the Government will abolish the Subclass 457 Temporary Skilled Work visa and replace it with a new work visa that tightens controls of temporary skilled migration. The changes are aimed at improving the integrity of the visa system and putting Australians first.

What do these changes mean for your business, and what do you need to think about right now to respond to these changes? (more…)

ANNOUNCEMENT: FinTech Australia seeks its founding CEO – Applications Close April 4th 2016

FinTech Australia is a national not-for-profit organisation with a vision to make Australia the number one market for FinTech in Asia. Founded in November 2015, our membership base comprises over 50 startups, venture capital funds, hubs and accelerators across Australia that specialise in FinTech. We have seven committee members based in Sydney, Melbourne, Perth and Brisbane. (more…)

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Videos

Ep 2: Fintechs Acceleration of Growth Since COVID

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Podcasts

Lee Hatton – Afterpay: FinTech Australia Podcast

Anthony Jones – Visa AUS/NZ

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