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

 

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.

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

FinTech Voice June 16, 2022

Dear Community,

It’s almost the Finnies Gala Night! If you are unable to make it for the in-person event in Melbourne, we will still have it streamed online! Plan your own little home/office party. Add the details to your Google or Outlook calendar or save the Youtube link.

Watch this space for the Intersekt fintech conference launch and more updates about our plans for the new financial year. After our three successful roadshows in Adelaide, Sydney and Melbourne, we’re headed to Brisbane on 6th July. Register early as we have limited space for the event.

We’re also excited to have recently added five new corporate partners – 1835i, OneSpan, Endava, Palo Alto networks and Thales. If you are require any support from them, please reach out to us. We thank them for their support and look forward to working with them closely. Exciting initiatives planned.

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

We recently made our submission for the Treasury’s Crypto asset secondary service providers Consultation. Rest can be accessed through the Policy section below.

Finally, we welcome our newest member this fortnight – DINEIRO PTY LTD, CARD ACCESS SERVICES PTY LTD and APICKLE

Regards,

Rehan D’Almeida,
General Manager,
FinTech Australia

Two consultations to enhance the digital asset ecosystem

Thank you to all members who shared their inputs on the call with our policy partner King and Wood Mallesons.

Please find the final submission to the Treasury’s Crypto asset secondary service providers Consultation.

Roundtable on debanking

The Council of Financial Regulators which comprises of Treasury, APRA, RBA, ASIC, AUSTRAC and ACCC are tasked with writing an options paper on de-banking. We will continue to seek suggestions/feedback from our members and follow-up with the council to ensure there is further action taken.

🤝🏻 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 26 June. 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.

📣 Tune into a Breaking Banks Fintech Podcast’s 444th Episode on Rise of Embedded Finance in Australia & Digital for good. Sponsored by Austrade, some great minds will join the session to talk about how Australian capability can act as a launch pad for global innovations, and investments within the fintech and insurtech ecosystems. Check out the 30-min session here.

💻 Join ASEAN Online Workshop Series presented by AWS to learn how to approach modernisation journey, sustainably. Learn more about specific application workloads such as Windows, SAP and Databases on AWS. Register for the session here

📁 Oracle is hosting its Fintech & Cloud Native webinar. The team will come together to talk about the best practices for adopting cloud native architecture in Fintechs on Oracle Cloud Infrastructure – 21 June. Click here for more info and registration

🤝🏻 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.

  • LAB Group integrates with Praemium to deliver secure onboarding and improve user experience
  • Nano Digital Home Loans is extending its product suite to help home buyers and property investors navigate Australia’s complex housing market.
  • Radium Capital in funding boost for Spacecubed Accelerator
  • Currencycloud gains ASIC licence to operate in Australia
  • Mambu released a new report on how banks can be more sustainable
  • Basiq launches Smart Payments to accelerate Australian fintech ecosystem
  • Dacxi conducted a research Australia’s wealth health
  • InvestHK introduces expanded programme for Global Fast Track 2022 to help fintech companies connect with Asian corporate clients and investors
  • Change Financial announced its partnership with Finzsoft to sign agreements with four New Zealand mutuals to offer direct issuing, processing, and card management solutions
  • Mambu partners with Western Union to integrate its solution into the latter’s next generation real time multi-currency digital wallet
  • TreviPay recently teamed up with payment processor Compaynet to power its B2B trade credit product
  • Zai waives PayTo fees, saving Australian businesses thousands of dollars
  • WeMoney announces winners of inaugural personal loan & car loan awards
  • Mambu partners with Commonwealth Bank of Australia (CBA) to develop Unloan, the CBA group’s new digital home loan

FinTech Australia secures five new corporate partnerships

FinTech Australia has signed up five new major corporate partners, securing a total of 11 partnerships within the past five months.

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 the innovation and venture capital partner of ANZ Bank, 1835i and OneSpan, the Digital Agreements Company.

The new ecosystem partners include: technology consulting firm Endava, cybersecurity companies Palo Alto Networks and banking services, digital identity and cybersecurity company Thales.

FinTech Australia Head of Strategic Partnerships Rehan D’Almeida said: “Just a few months ago, we announced seven new partners. Now we’ve added another five. There is red hot interest in Australia’s fintech industry from global companies, and we’re in an ideal position to help convert this into deeper connections and potential partnership opportunities.”

“We welcome 1835i, OneSpan, Endava, Palo Alto Network and Thales to the program, and look forward to better networking and integrating them with the fintech industry. They join an extensive list of other major technology companies who are looking to integrate with the sector and work more closely with Australian fintechs.”

Ron Spector, Managing Director of 1835i, said: “1835i is pleased to partner with FinTech Australia.

We are committed to this market and supporting the continued development of an effective and vibrant fintech ecosystem in Australia. We believe there are many opportunities for partnership, and we look forward to taking a more active role in this growing ecosystem.”

OneSpan Country Manager, Nigel Stewart said: “Security and trust are critical to the future of the fintech industry. OneSpan has helped a number of Australian banks and financial institutions, including the country’s largest banks, mitigate fraud risk, digitize internal and consumer-facing agreement processes, and comply with industry regulations. We look forward to partnering with FinTech Australia to enable organizations to deliver secure and trusted digital experiences through collaborations with Australian fintechs.”

David Marsh, Principal Industry Consultant – Payments, Endava said: “Endava has a strong history of supporting Fintechs in the UK, Europe and the US – taking great ideas and developing them through proof of concept into full-featured software and seamless customer experiences. We are delighted to be extending this capability into the Asia Pacific region – providing access to our global expertise, multi-disciplinary teams and extensive experience developing next-gen technology solutions. We are excited to have partnered with Fintech Australia and look forward to helping Australia’s fintech and financial institutions leverage the latest technologies to compete on the global stage.”

Steve Manley, Regional Vice President, ANZ at Palo Alto Networks said. “Collaboration and sandboxing between established banking and fintech’s is driving innovation and competitive advantage, creating never before seen products and services or repackaging old services in new ways. Through this partnership, we hope to encourage the Australian Fintech community to adopt and leverage cybersecurity measures to mitigate current risks while preparing for new security risks associated with innovations. Cybersecurity investments are more crucial than ever when organisations are looking to revolutionise the fintech industry. This allows them to focus on their core business of creating, innovating and bringing great products to market that improve people’s digital way of life.”

Michael Au, SVP Banking and Payment Services Asia, Thales said, “We look forward to our partnership with Fintech Australia to support the exciting array of existing and emerging local Fintechs. With our global leadership in payment technologies and expertise in both physical and digital payments, along with our strong local and worldwide footprint, we are uniquely positioned to meet the needs of Fintechs of all sizes. We are already bringing innovative solutions, sustainable product options and rapid deployment programs to many Fintech organisations and welcome the opportunity to work with more customers in Australia.


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: New GM Announcement, 2 June 2022

Dear Fintech Community,

Thank you so much for the overwhelming support with the announcement of my new role as General Manager. I look forward to bringing together the relevant stakeholders in the industry to build a united voice and promote further innovation in the country.

As always, I am keen to hear from you all on your pressing challenges that we, the industry association, can work towards addressing on priority. Please also reach out if you have any other feedback and suggestions.

All eyes are now on the Finnie awards Gala night. It took less than a week to sell out! We may have a second batch of tickets planned and a waitlist is already put in place for this. Don’t miss out!

This week a few members along with myself and our board are meeting with Treasury to discuss about de-banking. We will also be working on Fintech Australia’s priorities and thoughts for the new government.

We recently organised a roundtable with members in crypto to discuss trends in the Cryptocurrency market and how Gift Cards can add value to Crypto exchanges and their customersIn association with Blackhawk Network, watch the virtual roundtable with some of Australia’s top C-Suite leaders in the Cryptocurrency space. Access the roundtable using this link.

Finally, we welcome our newest member this fortnight – IPAYD and EXTRASJAR

Regards,

Rehan D’Almeida,
General Manager,
FinTech Australia

Two consultations to enhance its digital asset ecosystem

Our members have shared their initial thoughts with our policy partner King and Wood Mallesons. We are currently drafting the final submission.

Statutory Review of the Consumer Data Right: Issues paper

The paper released on 16 March seeks written feedback on whether the CDR framework is fit-for-purpose to provide benefits for consumers, increase competition, and drive innovation and will inform the Review. It sets out the purpose, Terms of Reference, and context for the review, relevant background on the development of CDR policy and legislation over time, and specific consultation questions. The issues paper can be found here.

The submission can be found here.

 

🤝🏻 ITC Asia is back with an in-person event at Singapore Suntec Convention & Exhibition Centre from 7 – 9 June 2022. The 3-day event will showcase new innovations, share how to increase productivity and reduce costs, and ultimately aim to enrich the lives of policyholders. Pre-conference workshops & kick-off reception on 7 June 2022. Learn more about the event here.

💹 Stand with Ukraine by working with some of their best design and dev teams on your upcoming projects. In a situation that feels bigger than all of us this is an opportunity to support other professionals and their families, where in some cases they may be forced to live on a single income. Visit here to know more.

📇 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.

 

🌐 Google Australia is presenting a startup event: Innovate & Grow with Google. Join the team on 9 June 2022 to learn how Google is helping Aussie startups build, grow and scale. They are bringing together founders, VCs and Google specialists for an afternoon of innovation, connection and fun! For more info, visit here

💭 Think & Grow in association with Hi-bob presents Attracting and Retaining Talent in Tech. Learn how to attract and keep the best in a hyper-competitive market. Join the team on June 7, 8 AM at Alto Event Space in Melbourne for a panel and networking breakfast. Register here

🔐 The RegTech Association will be holding an event on 2 June to learn more about solutions for employment compliance for your own business, your clients/customers and/or stakeholders. This Open4Business will allow you a sneak peek into what problems these solutions and approaches address. Book your slots for the online session.

📁 Oracle is hosting its Fintech & Cloud Native webinar. The team will come together to talk about the best practices for adopting cloud native architecture in Fintechs on Oracle Cloud Infrastructure – 21 June. Click here for more info and registration

💸 Basiq is bringing data and payments together to create a true open finance platform. This is an event you don’t want to miss as they unveil Open Banking payments via the Basiq platform, to enable richer customer experiences and insights. Join them for an afternoon of exciting industry & platform updates + stick around for a drink and chat afterwards with people in the Fintech community – 7 June 2022Register today.

💰 FinTech’s biggest conversation, Money20/20 Europe is back to Amsterdam this 7 – 9 June 2022 – place where the fintech community loves to do business and this year it’s bigger, sharper and giving unparalleled show experiences. Visit here to know more and register. Discount code – FIN200

🤝🏻 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. 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.

  • Spenda on how digital payment technologies and process automation are helping businesses capitalise on stronger growth opportunities
  • Bupa elevates car, home and travel insurance offerings in partnership with Open
  • MyBond – a start up journey to scale up to support the underdog renters and the community
  • InDebted launches into the UK
  • Sandstone on Mobile Banking Apps – The good, the bad and the ugly
  • Moneytech, partners up with Vow Financial|Yellow Brick Road to further strengthen their lending panel.
  • DataCo Technologies, a new Australian startup born out of 1835i has launched a pioneering new technology platform.
  • MyBond turns one and embarks on a celebratory scale-up
  • DNX Solutions has launched the Data Modernisation Solution, a customised and comprehensive solution for businesses

 

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