FinTech Australia secures seven new major corporate partnership

FinTech Australia has signed up seven new major corporate partners, including technology giant Oracle.

FinTech Australia’s ecosystem partnership program helps companies collaborate with the fintech sector and foster relationships with its key players.

The new Gold tier partners include: insurance specialists ii-A, enterprise technology company Oracle Australia and global business process management solutions provider WNS.

The new ecosystem partners include: business certification and efficiency specialist BSI Group, corporate advisors Latimer Partners, customer experience organisation Probe CX and AI-powered eKYC and AML compliance platform Jumio Corporation.

FinTech Australia Head of Strategic Partnerships Rehan D’Almeida said: “The ecosystem program plays an instrumental role in allowing us to support the fintech industry. This is the biggest burst of growth that it has seen since its inception, and that demonstrates an escalating interest from other companies in Australia’s fintech sector.”

“Given the program is growing and still retaining members, we’re pleased to say that it is having the intended aim of better integrating more companies with the fintech community. We welcome ii-A, Oracle Australia, WNS, BSI Group, Latimer Partners, Probe CX, and Jumio Corporation to the program and look forward to working with each company in seeing it gain further insight and connections in one of the fastest growing sectors of Australia’s startup economy.

Cherie Ryan, VP and Regional Managing Director, ANZ, Oracle said: “Australia’s fintech space is absolutely buzzing. Working with financial institutions of all sizes across the globe Oracle Cloud, combined with Oracle Banking Open APIs, provides an ecosystem and platform to help drive innovation, deploying open banking principles and regulation. Joining FinTech Australia enables us to continue our commitment to open collaboration and innovation in banking.”

Polina Kesov, Director, ii-A said: “At ii-A we have always focused on taking an innovative approach to progressively grow our business. Therefore, it is through our own experiences and knowledge of the market, we are looking forward to delivering insurance solutions to support FinTech Australia and its members.”

Jay Venkateshwaran, Business Unit Head, Banking & Financial Services, Hi-Tech & Professional Services, WNS said: “FinTech Australia has been playing an instrumental role in building pathways for industry and government to work together to accelerate growth of the sector. We are excited to be part of the vibrant fintech ecosystem in Australia. With our extensive experience of working with fintechs in the US and Europe, we look forward to fruitfully engaging with the amazing line-up of fintech players who are becoming forces to reckon with down under.”

Mark Nesbitt, Principal, Latimer Partners said: “Latimer Partners is delighted to partner with fintech Australia. As corporate advisers focused exclusively on the digital economy, Fintech is a major focus for our firm and throughout our global network. Australian fintechs are increasingly attracting the interest of global strategic and financial buyers and investors and we have been privileged to advise a number of highly successful companies on their M&A and capital raising transactions. We look forward to working with the Australian fintech ecosystem and we welcome questions and enquires from members.”

Dushyant Sanathara BSI’s General Manager – Finance and IT said: “BSI Group is pleased to join FinTech Australia as a partner. Governance, risk mitigation and compliance (GRC) are integral to sustainable growth for a fintech organization. BSI Group is committed to collaborate, support and improve GRC posture of members of FinTech Australia. We’re the world’s first standards body and founding member of ISO providing services across global business streams such as knowledge, where we shape globally accepted best practice standards; our assurance and regulatory services, delivering audits and conformity assessment; and our digital trust offering through our consultancy stream. BSI is your business improvement partner.”

Andrew Hume, CEO, Probe CX said: “As a market-leading CX and digital transformation organisation with 18,000 employees across four countries, Probe CX is committed to collaborate and support the fintech industry to help deliver NEXT-generation customer experience capabilities into their organisations. We are excited about partnering with FinTech Australia to share our wealth of experience and understanding of the challenges the industry faces.”

Frederic Ho, VP of APAC, Jumio said:“Jumio’s mission is to protect the online ecosystems of businesses through a unified, end-to-end identity verification, eKYC and AML platform. We’re excited to join FinTech Australia’s ecosystem partnership program to connect and collaborate with the Australia’s fintech community to build a trusted and secure online financial services platform for their customers.”


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.

FinTech Voice March 10, 2022

During these uncertain times, our thoughts go out to all those impacted by the floods or by the international turmoil.

Over the last fortnight FinTech Australia held two webinars – CDR in 2022: leveraging Open Data just got a whole lot easier and Transforming the KYC experience using the Trusted Digital Identity Scheme with Eftpos Australia. We were delighted to have such a high level of engagement during the webinar. The videos are now up on our youtube channel, if you missed it.

Entries are closing soon for the Finnie Awards 2022! Submit your applications before 30 March 2022. Please reach out to us if you’re also looking for sponsorships. We can’t wait to celebrate in-person again after two equally fun virtual awards nights.

The new episode of our FinTech Australia Podcast series is out. In this episode we talk about the industry landscape in Australia – Industry developments , some fresh fintech news and more. Check out the episode here. You can also listen to our podcasts on Apple and Spotify.

Austrade is hosting a webinar on Entering the German Market – A guide for Australian Technology Companies. Learn how to successfully enter the German market. Visit here to learn more and register

With respect to policy updates, ASIC released the draft review of the ePayments Code. ASIC also launched a consultation on The Financial Services and Credit Panel overhaul.

Finally, we welcome our newest member this fortnight – COVERHERO PTY LTD

Regards,

Andrew Porter,
CEO,
FinTech Australia

ePayments Code

ASIC released the report on feedback of the ePayments Code which FinTech Australia has consulted on.

ASIC has invited us to consider the drafting of the changes made to the Code and provide feedback by no later than close of business on Friday, 25 March 2022. Note that they are asking only for feedback on whether the draft wording used to make the changes is clear and aligns with the positions taken in REP 718. Feedback for the same is open until 25 March, 2022.

ASIC’s consults on the FSCP overhaul

The Financial Services and Credit Panel (FSCP) is a pool of industry participants, appointed by the Minister responsible for administering the Corporations Act 2001, that ASIC draws upon when forming individual sitting panels (sitting panels). Under the current regime the sitting panel will be convened by ASIC to consider certain suspected misconduct by, or circumstances relating to, a financial adviser. Consultation Paper here.

 

💹 Fintech startup accelerator F10 has launched an Incubation Program in Singapore. The program will support early-stage startups built on Klaytn, a blockchain platform developed by internet giant Kakao Corp. The 3-month program kicks off in April 2022Visit here to learn more and register.

📖 Join the Fintech in Vietnam Program delivered by Asialink Business in association with Department of Industry, Science, Energy and Resources (DISER) and Austrade starting 10 March 2022 – a comprehensive online training series for Australian business leaders in the Fintech sector who are exploring opportunities to plug-into Vietnam’s fintech market. Learn more about the program and apply today! Use code FINTECHAUS100 for free registration!

 

🇩🇪 Join a webinar on Entering the German Market – A guide for Australian Technology Companies hosted by Austrade in association with Berlin based coworking space Betahaus Inc. to find out how to successfully enter the German market – 10 March. Visit here to learn more.

⛓️ Join the Fintech Week Tel Aviv 2022 at the Tel Aviv Stock Exchange, starting 21-23 March. It will take a deep dive into fintech’s key offerings, and discuss the pressing issues and challenges that lie ahead, and will try to get everyone thinking about how it all evolves and what the next phase will look like. Register today! Use promo code is: AUSTLV22.

💲 Money20/20 Europe is back to Amsterdam this 7 – 9 June 2022. A place where the fintech community loves to do business and this year it’s bigger, sharper and giving unparalleled show experiences. Passes are now on sale. Get yours soon here.

⛓️ FinTech Australia is partnering with FINTECH21a two-day, two-stream program on Blockchain & Crypto and Fintech Trends. Book your tickets for Australia’s largest fintech event of 2022 – 23-24 March 2022. Also, reach out to us for speaking and exhibiting opportunities. Our members also get a 15% discount to attend! Use Code FAU15

 

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

  • Swyftx released first poll of Australian business leaders on crypto to help the country become a crypto hub.
  • Frollo published their report Open Banking API Performance
  • RSM recently released its report on GST reform in post COVID-19 Australia
  • DiviPay’s journey to being Australia’s first all-in-one expense management solution
  • PSC Insurance Brokers joins FinTech Australia’s partnership program
  • Payble welcomes Elise Fairbairn, senior banking executive, to Board of Directors
  • Basiq updates its platform with the launch of Basiq 3.0 to become an open finance platform through a single API.

 

  • Zeller raises $100M AUDSeries B at $1B AUD valuation
  • Digital disruption is continuing to fragment the world of investing
  • A landmark report into Australia’s startup ecosystem – State of Australian Startup Funding report, released by Folklore Ventures and Cut Through Venture. Reveals, the age of fintech for investors is shifting to climate tech startups in 2022

PSC Insurance Brokers joins FinTech Australia’s partnership program

PSC Insurance Brokers (PSC), part of PSC Insurance Group an Australian-owned multi-national ASX listed insurance broker, has joined FinTech Australia’s partnership program offering industry boards and management teams access to experienced insurance advice and global broking solutions.

FinTech Australia’s ecosystem partnership program helps companies collaborate with the fintech sector and foster relationships with its key players.

The addition of PSC as a corporate partner of FinTech Australia comes after PSC’s launch of a joint initiative with PSC’s UK portfolio business, Paragon International Insurance Brokers (Paragon), aimed at specialist risk advice to the Australian professional, technology and financial services sectors. Paragon’s expertise is across Directors & Officers, Financial Technology Errors & Omissions, Cyber and Mergers & Acquisitions insurance.

Rhys James, a Managing Principal with PSC, said: “We are thrilled to partner with FinTech Australia as we have worked for over a decade negotiating cover for growth stage start-up and public fintech clients in Australia, United Kingdom and the United States.  This partnership will help deliver targeted insurance services and resources for Australian fintech boards and management teams.”

FinTech Australia’s Head of Strategic Partnerships Rehan D’Almeida added: “Insurance is vital in building any financial business, yet there is work to be done in raising awareness across our members of various products and new trends in the industry. We welcome Rhys and PSC colleagues in Sydney, Melbourne, as well as each Australian capital city, as an insurance partner of FinTech Australia.”


Key Contacts

PSC Insurance Brokers
Rhys James, Managing Principal at PSC 

rjames@pscinsurance.com.au
0498 365 377

FinTech Australia
Harrison Polites

harrison@themediaaccelerator.com.au
0409 623 618


About PSC Insurance Group

PSC Insurance Group is a high-growth international insurance platform that harnesses the energy and successes of its portfolio businesses. With operations in Australia, New Zealand, United Kingdom and Hong Kong, PSC is an Australian owned multi-national ASX listed insurance broker and has an annual premium volume over AUD $2Billion.


About Paragon International Insurance Brokers

Paragon is a specialist insurance broker, operating in the Lloyd’s of London, Bermuda, European and International Specialty markets. Paragon has market-leading capabilities and experience in the Financial, Professional and Casualty Lines sectors. With a broad, independent platform, Paragon delivers the best services and resources for clients, to deliver risk transfer solutions, claims advocacy and risk management services. Its bespoke, highly-personalised approach is unique in the insurance industry.


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.

FinTech Voice February 24, 2022

It is a huge honour to lead and represent one of Australia’s key voices and influencers in this vitally important industry. I’m excited about the organisation’s capacity to serve as an unrivalled hub for fostering growth at a critically innovative juncture. Thank you for your support and please reach out to me for any queries.

Entries are now open for the Finnie Awards 2022! Submit your applications soon. If you’re also looking for sponsorship opportunities to build your brand, please reach out to us.

In association with Sherlok, Adatree and AssuranceLab, we’re excited to host a webinar on current state-of-play in CDR and what’s on the horizon for 2022. If you have started your CDR journey or want to register for CDR access, this event is for you. Register for the event here.

We’re also hosting an interactive webinar to explore how connectID – powered by Eftpos Australia plans to transform the KYC process in Australia and deliver a better customer experience. Learn more about digital identity exchange with connectID and book your spot.

With respect to policy updates, The Government introduced the Treasury Laws Amendment (Modernising Business Communications) Bill 2022 into the House of Representatives last week. ASIC’s draft review of the ePayments Code will now be released on 7 March 2022. Feedback will be open until 25 March, 2022. Minister Hume and the Treasurer recently announced Open Finance as the next priority area for the CDR – consultation paper on the same will be released soon. We recently submitted the Privacy Act Review to the government.

Finally, we welcome our newest member this fortnight – EBONEX AUSTRALIA, CLSA CAPITAL PARTNERS, CURRENCYCLOUD, CRYPTOSPEND PTY LTD and COAXION

Regards,

Andrew Porter,
CEO,
FinTech Australia

CDR Report

The Government released a report on outcomes from the Consumer Data Right (CDR) Strategic Assessment.

Check out the Government’s latest Consumer Data Right – Strategic Assessment Outcomes Report

ePayments Code

ASIC’s draft review of the ePayments Code will now be released on 7 March 2022. Feedback for the same will be open until 25 March, 2022

 

💹 Fintech startup accelerator F10 has launched an Incubation Program in Singapore. The program will support early-stage startups built on Klaytn, a blockchain platform developed by internet giant Kakao Corp. The 3-month program kicks off in April 2022Visit here to learn more and register.

📖 Join the Fintech in Vietnam Program delivered by Asialink Business in association with Department of Industry, Science, Energy and Resources (DISER) and Austrade starting 10 March 2022 – a comprehensive online training series for Australian business leaders in the Fintech sector who are exploring opportunities to plug-into Vietnam’s fintech market. Learn more about the program and apply today! Use code FINTECHAUS100 for free registration!

 

 

⛓️ Join the connectID – powered by Eftpos Australia, for an interactive webinar to explore how connectID plans to transform the KYC process in Australia and deliver a better customer experience, reduced costs and enhanced compliance – 2 March – Visit here for more details

🔒 In association with Sherlok, Adatree and AssuranceLab, we are hosting a webinar to explore what’s on the horizon for open data in 2022 and new models related to it. Visit here to learn more and book your slots.

💳 Join Basiq in a session on what drives Basiq in “making finance easy”, through powerful data and insights and seamless consumer and developer experiences – 1 March – Register here for Basiq 3.0 – Open Finance Platform update

⛓️ Join the Fintech Week Tel Aviv 2022 at the Tel Aviv Stock Exchange, starting 21-23 March. It will take a deep dive into fintech’s key offerings, and discuss the pressing issues and challenges that lie ahead, and will try to get everyone thinking about how it all evolves and what the next phase will look like. Register today! Use promo code is: AUSTLV22.

💲 Money20/20 Europe is back to Amsterdam this 7 – 9 June 2022. A place where the fintech community loves to do business and this year it’s bigger, sharper and giving unparalleled show experiences. Passes are now on sale. Get yours soon here.

⛓️ FinTech Australia is partnering with FINTECH21a two-day, two-stream program on Blockchain & Crypto and Fintech Trends. Book your tickets for Australia’s largest fintech event of 2022 – 23-24 March 2022. Also, reach out to us for speaking and exhibiting opportunities. Our members also get a 15% discount to attend! Use Code FAU15

📈 Data science and AI Association of Australia is hosting an online event on Investing with Data. Panelists from Diversiview by LENSELL and Sharesight will discuss with DSAI directors about the importance of using data and technology. – 3 March – Register here

 

 

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

  • Mambu and Change Financial join forces to bolster digital banking and payments capabilities in ANZ
  • Airwallex Partners with Qantas Loyalty to expand its financial services with ‘Business Money’
  • Sandstone Technology partners with Codat to expand to the SME market
  • MasterRemit: How two brothers displaced by civil war are helping billions achieve financial equality
  • Swyftx has made Australian sporting history, inking a three-year partnership with the NRL to become its exclusive crypto exchange partner
  • EpisodeSix: Powering the next generation of payments
  • FrankieOne: from Melbourne startup to global regtech in 4 years
  • Australian payments specialist, Zai, a new force in global fintech
  • TreviPay: Creating an Uber experience at the B2B checkout: Navigating embedded payments
  • DNX Solutions launches new Citadel brand amid global expansion
  • WeMoney becomes accredited for Open Banking in Australia
  • LAB Group announced its partnership with Australian financial services firm B Digital Assets Pty Ltd (“B Digital”) to enhance B Digital’s client onboarding experience.

 

 

 

Entries are now open for the Finnie Awards 2022

Entries for the most awaited fintech business awards is now open, giving 800+ fintech companies an opportunity to showcase their achievements


The Sixth Annual Edition of FinTech Australia’s most prestigious fintech business event, the Finnie Awards 2022 is now open for entries. In partnership with the Victoria Government, the Finnies this year will have 23 awards including the two award categories that were introduced last year. Excellence in Open Data award and Hall of Fame award.

With the advent of the Finnies, fintechs in Australia will have the opportunity to be acknowledged for their excellence in fintech categories across wealthtech, regtech, blockchain, digital lending, digital banking, payment services and digital security.

For the first time last year, finnies witnessed women acing the top industry awards, showing how the organisation has grown at par with the emerging sector.

Andrew Porter, CEO FinTech Australia said “Australia is leading the charge as a hub for true innovation in the financial services industry with a number of world-leading fintechs. These awards are an opportunity for fintechs to celebrate the success of the industry and create great market awareness of their services.”

Despite the lockdown restrictions, FinTech Australia witnessed over 290+ entries and 150+ finalists in the respective categories last year.

Some of the other corporate sponsors and partners for this year are IAG Firemark Ventures, Afterpay and TrueLayer.

More details about the Finnies, including award entry details, are available at https://www.thefinnies.org.au/ and participants can start submitting their entries https://finnies.awardsplatform.com/.


Entries are open until 30 March, 2022, with the gala event to be held in June 2022.

 

FinTech Australia appoints fintech veteran investor, executive Andrew Porter as CEO

FinTech Australia has appointed financial services investor, advisor and long time executive Andrew Porter as its new CEO.

Porter brings over two decades of experience in the financial services sector to the position, including holding senior roles at three global payments fintechs OFX, World First and TransferMate.

FinTech Australia has grown to represent over 420 fintechs in Australia while also supporting 35 corporate partners in their interactions with the industry.

In addition to the organisation’s collaboration with the government on policy matters, FinTech Australia’s major events — The Finnie Awards and Intersekt conference — play an important role in drawing international attention, galvanizing and growing the industry.

(more…)

FinTech Australia launches ecosystem map

FinTech Australia has launched a third resource for the sector, releasing a new map detailing fintechs in the local ecosystem. 

Following on from FinTech Australia’s regulatory and investor maps, the ecosystem map provides a comprehensive overview of fintechs in this market. 
The map is free for all to use. The launch version of the map will mainly focus on the fintech industries’ major players. 

Fintechs can add their business to the map via logging in and registering their details on the website (https://ecosystem.fintechaustralia.org.au/join-fintech-australia-ecosystem/). 

“This map is another step in our mission to provide more resources for the fintech sector. This map can be used in conjunction with the Investor and Regulator Maps to create a rounded view of the ecosystem in Australia,” FinTech Australia Head of Strategic Partnerships Rehan D’Almeida said. 

“Through creating Australia’s most comprehensive map of fintechs, we’re taking the burden of keeping a detailed contact book off of any stakeholders in the industry. Like our prior maps, we’ll be maintaining this resource but welcome any additions or edits from our members and community.”

This latest launch builds on FinTech Australia’s goal to provide more open resources for the fintech industry. It follows September’s launch of the regulatory map and November’s launch of an investor map for the industry.

View the Ecosystem Map here


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.

FinTech Voice – January 13 2022, Sponsored by ABF Events

Welcome back and wishing you a happy and prosperous new year. It’s going to be another big year at FinTech Australia with new corporate partner announcements, new initiatives and the new CEO expected to join soon. Watch this space for all the updates. We’re also already through the planning stages of both the Finnie Awards and Intersekt Fintech Festival. If you have any queries please reach out to us.

We continue to support the industry and keep up our pace with the new industry trends and developments. We thank you all for your constant support and feedback.

With respect to policy, updates from late last year. The government has released its latest report on CDR and options to expand and enhance the functionality of the Consumer Data Right. A discussion paper has been released on Privacy Act Consultation. Also, the government is seeking stakeholder views on exposure draft legislation basis the consultation paper on Employee Share Schemes.

Reach out to our team, if you have queries or require any additional information.

Finally, we welcome our newest member this fortnight – DOCUSCAN AUSTRALIA PTY LTD AND WORLDPAY FROM FIS

Regards,

Rehan D’Almeida
Head of Partnerships and Marketing
FinTech Australia


FINTECH21 Crypto & Blockchain is a boutique showcase of Australia’s leading FinTech (financial technology), crypto, blockchain and emerging tech business products, services presented by leading companies and innovative startups. Engage with innovative and cutting-edge FinTech, Crypto & Blockchain and Emerging Tech products and services to elevate and scale your business! Visitors can register to attend the FINTECH21 exhibitor showcase for free over two days and engage with a range of FinTech & Blockchain products and services during Small Biz WeekClick here for more details and registration.

CDR Report

The Government released its response to the Final Report of the Inquiry into Future Directions for the Consumer Data Right (the Inquiry) following extensive targeted engagement with stakeholders. Check out the Government’s latest response to the report.

Privacy Act Consultation

Based on feedback from our members, we submitted the Online Privacy Bill section last year, available to view here.

Employee Share Schemes

The Government is seeking stakeholder views on exposure draft legislation basis the consultation paper.

📖 Join the Fintech in Vietnam Program delivered by Asialink Business in association with Department of Industry, Science, Energy and Resources (DISER) and Austrade starting 10 March 2022 – a comprehensive online training series for Australian business leaders in the Fintech sector who are exploring opportunities to plug-into Vietnam’s fintech market. Learn more about the program and apply today! Use code FINTECHAUS100 for free registration!

💲 FinTech Australia is partnering with FINTECH21a two-day, two-stream program on Blockchain & Crypto and Fintech Trends. Book your tickets for Australia’s largest fintech event of 2022 – 23-24 March 2022. Also, reach out to us for speaking and exhibiting opportunities. Use Code FAU15

Don’t miss all the news and insights from our members and corporate partners from our newsroomPlease also forward announcements, case studies and insights to include in our newsroom.

  • Wisr appoints new Non-Executive Director, Cathryn Lyall, to the Board
  • DiviPay raises $20 million Series A to fortify its full-stack spend management suite for SMEs
  • Fundsquire partners with Railz to offer an integrated, quicker, and transparent funding platform
  • CRCNA and Civic Ledger scaling next generation water markets in Northern Australia
  • EpisodeSix: Winning Strategies to Deliver Digital Banking Customer Journeys
  • UK’s Railsbank spurs embedded finance in Australia
  • Australian payments fintech goes global, with Melbourne-based Verrency

 

Five Fintechs On Friday December 17, 2021

AFF is Asia’s premier platform for global leaders in government, finance and business to exchange insights, intelligence as well as to explore business and investment opportunities. A community of 66,000+ viewers, investors, fintech innovators and entrepreneurs hailing from 80+ countries and regions. The 15th Asian Financial Forum on 10-11 January 2022 will not be one to skip. Don’t miss the chance to attend a dynamic event packed with impactful exchanges and showcase of a wide array of next-gen #fintech solutions. Grab the exclusively discounted tickets with promo code JMP47D (Exclusive to our community). Register here.

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

This is the last newsletter on Five FinTechs on Friday for the year as we wrap up before the break, We wish you a very happy holiday season and prosperous new year

But first, news from the industry…

Visa, the world’s leader in digital payments, recently unveiled a new research showing the case for crypto is getting stronger for financial institutions. Square, Inc. recently announced that it is changing its name to Block

Further, MyBond is officially launching its rental bond services with a new website refresh & series of videos demonstrating a cool new alternative to playing rental bonds and Open was recently announced as Australia’s 7th fastest growing company in AFR Fast 100

 

Below are five fintechs to know about this fortnight!

Codat

Codat is the universal API for business data. The real-time connectivity that Codat offers enables software providers and financial institutions to build integrated products for their SME customers. Codat’s clients range from corporate card providers to business forecasting tools and lenders, and use cases include auto-reconciliation, business dashboarding, and loan decisioning. Codat was founded in 2017 and has offices in London, New York, and San Francisco. This month, Codat announced its expansion into Australia with the opening of its Sydney office, the appointment of Matthew Tyrrell as APAC Commercial Director, and a partnership with Judo Bank to simplify the way Australian businesses share information with financial service providers.

Fenergo
Fenergo enables financial institutions to deliver seamless customer onboarding experiences while satisfying regulatory obligations by automating compliance. Our SaaS Client Lifecycle Management platform digitally transforms and streamlines end-to-end client lifecycle processes – from regulatory onboarding, data integration, client and counterparty data management, Know Your Customer (KYC) reviews and remediation, to client offboarding. Our API-first ecosystem of channels, systems and data providers enables financial institutions to deliver truly frictionless customer journeys. At Fenergo we stand out for our deep expertise in financial services and community-based approach to solution development which mutualises the cost and effort of regulatory compliance. Discover more here

Monoova
Monoova partners with businesses, payment apps & platforms, to support them managing large transaction flows. They enable businesses to fully automate how they receive, manage & pay funds, 24/7, 365 days per year. Its proprietary real-time, secure platform allows businesses to access a variety of payment functions, instant automatic reconciliations, & easy-to-access reporting – so they can secure & stay in control of their payment ecosystem. Find out more here: www.monoova.com Whether you need a solution or advice across the New Payments Platform(NPP), Bpay, Direct Debit, PayTo, Automatcher, API or anything in between, they have what you need. If you are looking for a pioneer, market leader & partner you can trust for your payment solutions, get in touch for a no obligation, confidential chat – https://www.monoova.com/contact

Haventec
Haventec enables seamless and secure customer authentication for FinTech organisations. Our award-winning platform, Haventec Authenticate, provides a genuinely passwordless technology that eliminates passwords and shared secrets. Easily integrate Haventec Authenticate with your existing IAM solution and leverage single-step multi-factor protection without multi-factor friction. We would love to show you how we transformed security and experience at Australia’s 1st digital bank and ways we can help you achieve outstanding CX. Visit our website today to book a personalised demo.

Fundsquire
Fundsquire is a global source of capital that invests in innovative businesses in Australia, the UK and Canada. We work closely with our customers to offer straightforward, personalised, non-dilutive funding through R&D tax credit loans, government grant funding and revenue based financing. Transitioning from a startup to a scaleup, our own journey motivates us to create unique solutions that empower businesses to take control of their funding timeline for accelerated growth. Over the past year, Fundsquire has doubled its investments in category-leading businesses. This rapid growth has been enabled by strategic expansion of team and operations along with technology platform development. Fundsquire also brings its customers an expansive network of partners and perks to enable seamless funding options for businesses at all stages of growth.

Check out our previous issues here

FinTech Voice December 16 – Sponsored by Asian Financial Forum (AFF)

It’s almost the end of 2021! We’ve accomplished a lot together and we are committed to advocating for the industry and building opportunities for collaborations. We thank you all for your amazing support and feedback.

This is the last newsletter for the year as we wrap up before the break. You will hear from us again on January 13, 2021. We wish you a very happy holiday season and prosperous new year.

With respect to policy, we have some exciting updates to round out the year! Following our final CDR webinar for the year, we are excited to announce that Federal Government released our Transforming Australia’s Payment System report this week. We have submitted our drafts in relation to the Online Privacy Bill and Government’s latest Modern Business Communications consultation.

We look forward to continuing our work on the Privacy Act in the new year with our draft submission for the general Privacy Act consultation in mid-January 2022.

Our new FinTech Australia Podcast episode on CDR: A Discussion and Introduction released this week.

If you have queries or require any additional information, the team is always available.

Finally, we welcome our newest member this fortnight – CHIPPER CASH, GREYTHORN ASSET MANAGEMENT, MYLENDA AND HELPPAY.

Regards,

Rehan D’Almeida
Head of Partnerships and Marketing
FinTech Australia

AFF is Asia’s premier platform for global leaders in government, finance and business to exchange insights, intelligence as well as to explore business and investment opportunities. A community of 66,000+ viewers, investors, fintech innovators and entrepreneurs hailing from 80+ countries and regions. The 15th Asian Financial Forum on 10-11 January 2022 will not be one to skip. Don’t miss the chance to attend a dynamic event packed with impactful exchanges and showcase of a wide array of next-gen #fintech solutions. Grab the exclusively discounted tickets with promo code JMP47D. Register here.

CDR Report

To see which recommendations from the Future Directions Inquiry were accepted (totalling 94 out of 100 accepted or partially accepted) check out the Government’s latest report.

Privacy Act Consultation

We are seeking final pieces of member feedback for the Privacy Act component of this review

We have also submitted the Online Privacy Bill section

Modernising Business Communications Consultation – Technology Neutrality

We have sent in our final submission to the Government

📖 Join the Fintech in Vietnam Program delivered by Asialink Business in association with Department of Industry, Science, Energy and Resources (DISER) and Austrade – a comprehensive online training series for Australian business leaders in the Fintech sector who are exploring opportunities to plug-into Vietnam’s fintech market. Learn more about the program and apply today! Use code FINTECHAUS100 for free registration!

💲 FinTech Australia is partnering with FINTECH21a two-day, two-stream program on Blockchain & Crypto and Fintech Trends. Book your tickets for Australia’s largest fintech event of 2022 – 23-24 March 2022. Also, reach out to us for speaking and exhibiting opportunities. Use Code FAU15.

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

  • Visa, the world’s leader in digital payments, recently unveiled a new research showing the case for crypto is getting stronger for financial institutions
  • WeMoney surveyed 1,046 Australians to uncover their thoughts about money and gauge their overall sense of financial wellness
  • Episode Six Co-founder, John Mitchell shared his opinion on Why the metaverse will go far beyond Meta in his recently published article in Nikkei Asia
  • CreditorWatch data: Recovery to take longer than expected; Perth and Brisbane bouncing back quickest
  • Square, Inc. recently announced that it is changing its name to Block. Block will be the name for the company as a corporate entity
  • Open announced as Australia’s 7th fastest growing company in AFR Fast 100
  • Swyftx announced a major two-year partnership with the Brisbane Lions.
  • According to YouGov research commissioned by Dacxi, Australians look to crypto for wealth building as four in ten see real estate as a bubble
  • Monoova and the NPP: Reimagining the real-time reconciliation of Accounts Payable and Accounts Receivable
  • loans.com.au makes car finance faster through connected insurance with Open
  • Thought Machine raises $200m in Series C funding to bring world’s banks to the cloud
  • Openmarkets goes live on GBST’s Australian Retail Clearing Platform
  • MyBond is officially launching its rental bond services with a new website refresh & series of videos demonstrating a cool new alternative to playing rental bonds
  • RSM Australia recently released a report on Australia’s R&D tax incentive, timing it with its 10 year anniversary.
Upcoming Events
  1. 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