FinTech Voice May 19, 2022

Firstly, congratulations to all the finalists of this year’s Finnie Awards! We thank all our judges for the difficult task of evaluating and shortlisting the finalists. The final round of judging has already started. We are close to opening ticket sales for this year’s gala night. After two years of virtual events, we’re all looking to celebrate the night together on 23 June 2022 at The Forum, Melbourne.

Thank you for tuning in to our podcasts every week. We would like to hear your thoughts on our sessions through a quick one-minute survey to improve your experience.

Our policy work is ramping up. We are currently working on the Review of the Tax Treatment of Digital Assets and Transactions in Australia, the Crypto asset secondary service providers via Digital Services Act and the Statutory Review of the Consumer Data Right. More details about each are mentioned in the advocacy section.

We’re excited to launch Australia’s Global Partner page in collaboration with the IAEngine. With this partnership, we mark a journey of exchanging fintech insights and capabilities and further drive the global fintech partnership program. Check out the website here.

Finally, we welcome our newest member this fortnight – ZIPMEX AUSTRALIA PTY LTD, UPPLFT and ONEZERO FINANCIAL SYSTEMS

Regards,

Andrew Porter,
CEO,
FinTech Australia

Digital ID – NSW Consultation

The NSW Government is consulting with industry on the NSW Government Digital Identity and Verifiable Credentials program.

Jointly with the private sector, they intend to transform how individual customers, businesses and non-government organisations use digital identity and verifiable credentials making core operational transactions more efficient, easier to use and with increased security and safety.

We’re seeking inputs from our members.

Two consultations to enhance its digital asset ecosystem

  1. The Australian Treasury is consulting on market design and custody requirements for crypto asset service providers;
    c2022-259046.pdf (1.6 MB)
    Responses to the Consultation Paper published by Treasury are due by 27 May 2022.
  2. The Board of Taxation is conducting a review of crypto assets; The Board of Tax’s terms of reference can be found here.
    The Board has not set a date by which consultations will close.

We’re currently seeking member feedback for this review.

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.

We’re currently seeking inputs from our members on this paper.

📱 Visa brings an opportunity to engage and learn from a community of passionate and purpose-driven creators with their Visa Creator Program. For all digital-first creators and artists in Asia Pacific who are serious about incorporating NFTs into their business. Learn more about the program here

📈 The second annual Technology Scale-up Awards are open for nominations until Thursday, 26 May 2022. The awards, which will be hosted virtually on Wednesday 24 August, celebrate disruptive Australian technology businesses that demonstrate high rates of sustainable growth, as well as innovation, integrity, and contribution to community. For nominations or applications, click 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. 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.

📁 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

🧾Hosted since 2016, the flagship #TechDiversity Awards showcase what they have achieved across sectors in building diversity and inclusion within technology workforcesJoin the team at the #TechDiversity Awards Gala Dinner – 26 May 2022. Buy your tickets here

💰 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.

  • Loan Market Group and Nodifi merge asset finance operations to deliver industry-leading capabilities
  • Currencycloud appoints Australian Country Manager, Nick Briscoe, formerly MD of Finalto in Australia
  • Choice Hotels International is set to deploy e-commerce platform TreviPay’s embedded payments solution.
  • Monoova and TrueLayer to launch data-enabled payments in Australia using the Consumer Data Right (CDR)
  • ShaypeTM supports x15ventures to launch Kit, an innovative kid’s money app
  • Lensell released its third article in the “OpinionaTech” leadership series – Is high level portfolio diversification enough?
  • Frollo, the Australian leader in Open Banking, recently published a report on consumer attitudes toward sharing financial data by linking their accounts.
  • In collaboration with Emerging Payments Association Asia, Currencycloud developed a whitepaper on embedded finance
  • Austrade along with Steve Rank and WEVE Acceleration presents an Exclusive Look at the 9 Australian Fintech Companies Hitting the Stage at Demo Day Next Month
  • Bridgit is expecting mortgaged homeowners to look away from the big banks to help ease the pain of rate rises
  • The Devonport City Council became the first major council in Australia to join the Peppol eInvoicing network with Link4
  • Price My Car partners with fintech Nodifi
  • Lensell looks at Australian investors’ preferences in the first quarter of 2022, based on the data sourced from their partner Sharesight
  • Sandstone Technology – Mobile Banking Apps: Inhouse vs white labeling

FinTech Australia announces 2022 Finnies Finalists

The finalists for the Sixth Annual Edition of FinTech Australia’s most prestigious fintech business awards have been announced.

The judges have whittled down over 290 entries across 20 categories, creating a shortlist of over 125 finalists. 

FinTech Australia CEO Andrew Porter said: “The Finnies are one of the most hotly anticipated events of the year for our members. We’re thrilled that once again we’ll be able to hold a live event and celebrate our sector’s achievements in style.”

“The caliber of entries continues to rise each year for the Finnies. I want to personally congratulate all of the finalists, as it was a tough competition this year.”

“I also want to thank our partners this year: The Victorian Government, Till Payments, IAG Firemark Ventures, Mastercard, Afterpay and Global Processing Services. Without their support, this event would not be possible. That’s especially the case for the The Victorian Government who has continued to support this event and has been a true ally to the industry.”

The  winners will be announced on June 23rd at a gala event at the Forum Theater in Melbourne. Tickets will be available from the Finnies website (https://www.thefinnies.org.au/) at a later date. 

Corporate partners for the event include: The Victorian Government and Till Payments as major partners. IAG, Mastercard, Afterpay and Global Processing Services are also supporting as Event Partners. 

Till Payments CEO, Shadi Haddad said: “We’re honoured to support Fintech’s night of nights. The awards celebrate our sector’s successes and serves as a source of inspiration for further achievement across the industry. Given it’s the first live Finnies we’ve had in several years, it should be a night to remember.”


The Finalists: 


BEST WORKPLACE DIVERSITY Sponsor: The Argyle Network

  • Adatree
  • Betacarbon
  • Bizcap
  • CampaignAgent
  • Fupay
  • Sniip
  • Tanggram
  • TrueLayer Australia

 

EMERGING FINTECH LEADER OF THE YEAR Sponsor: Swyftx

  • Aaron Bassin, Bridgit
  • Adam Lubofsky, Safewill
  • Bridie Ohlsson, Geora
  • Igor Kapkov, Zepto
  • Josh Foreman, Indebted
  • Josh Vernon, Wagestream
  • Rhys Davis, Fresh Equities
  • Sam Hoppe, Open
  • Tom Caesar, Nodifi

 

FEMALE FINTECH LEADER OF THE YEAR Sponsor: Seed Space

  • Anna Hawter, Lumi
  • Bridie Ohlsson, Geora
  • Caroline Bowler, BTC Markets
  • Carolyn Breeze, Zepto
  • Cath Whitaker, SelfWealth
  • Jodie Imam, Tractor Ventures
  • Naby Mariyam, Coverhero
  • Tanya Ward, Cape

 

OUTSTANDING FINTECH LEADER OF THE YEAR Sponsor: BDO

  • Andrew Goodwin, Wisr
  • Ben Williamson, Fresh Equities
  • Christian Westerlind Wigstrom, Monoova
  • Dominic Pym, Up
  • Jill Berry, Adatree
  • Patrick Coghlan, CreditorWatch
  • Paul Weingarth, Slyp
  • Piers Redward, Payright

 

EXCELLENCE IN ESTABLISHING MARKET PRESENCE: GLOBAL Sponsor: Austrade

  • EzyRemit
  • Fundsquire
  • InDebted
  • Loopit
  • Rush Gold
  • Wise

 

EXCELLENCE IN INDUSTRY COLLABORATIONS & PARTNERSHIPS Sponsor: Global Processing Services

  • Digital Agriculture Services (DAS)
  • Flare
  • FrankieOne
  • Hutly
  • Marqeta
  • Novatti Group
  • Sniip Ltd
  • Wise

 

EXCELLENCE IN BUSINESS LENDING Sponsor: Creditor Watch

  • Banjo Loans
  • Bizcap
  • Butn
  • COGSflow
  • Fundsquire
  • Lumi Finance
  • Octet
  • Shift (formerly GetCapital)

 

EXCELLENCE IN CONSUMER LENDING Sponsor: The Victorian Government

  • Beforepay
  • CampaignAgent – VPAPay
  • Driva
  • Fupay
  • Futurerent
  • Household Capital
  • Nano Digital Home Loans
  • Plenti
  • Tic:Toc
  • Wisr

 

EXCELLENCE IN PAYMENTS (including Remittance/FX) Sponsor: Mastercard

  • Change Financial
  • Crypto.com
  • Global Processing Services
  • GoCardless
  • Limepay
  • Monoova
  • Novatti Group
  • Wise
  • Zepto

 

EXCELLENCE IN BLOCKCHAIN/DISTRIBUTED LEDGER Sponsor: Upplft

  • Betacarbon
  • Block Earner
  • Civic Ledger
  • CoinJar
  • Geora
  • tiiik

 

EXCELLENCE IN CRYPTO AND DIGITAL CURRENCIES/WALLETS/EXCHANGES

  • Betacarbon
  • Binance Australia
  • CoinJar
  • CoinSpot
  • Crypto.com
  • Easy Crypto
  • Independent Reserve
  • Swyftx

 

EXCELLENCE IN INSURTECH Sponsor: IAG Firemark Ventures

  • Coverhero
  • Digital Agriculture Services (DAS)
  • FreightSafe
  • KOBA Insurance
  • Open
  • uBind
  • upcover
  • UpSure

 

EXCELLENCE IN REGTECH Sponsor: Xero

  • AssuranceLab
  • BGL Corporate Solutions
  • Data Zoo
  • Drawbridge
  • First AML
  • FrankieOne
  • Planlogic
  • Verimoto

 

EXCELLENCE IN WEALTH MANAGEMENT (INCLUDING PFM AND ROBO) Sponsor: Envestnet | Yodlee

  • DigitalX Asset Management
  • Fupay
  • Jaaims
  • Life Sherpa
  • Raiz Invest
  • Stockspot
  • Superhero
  • Tanggram
  • Unhedged

 

EXCELLENCE IN OPEN DATA Sponsor: Truelayer

  • Adatree
  • Basiq
  • Biza.io
  • Codat
  • Envestnet | Yodlee
  • Fiskil
  • Frollo
  • Xeppo

 

EXCELLENCE IN SUPPORT SERVICES Sponsor: Till Payments

  • Astero
  • Birchal
  • Fundsquire
  • K&L Gates
  • King & Wood Mallesons
  • RSM Australia
  • The Fold Legal
  • Think & Grow

 

DEAL OF THE YEAR Sponsor: Google

  • CurrencyFair and Assembly Payments (now Zai)
  • FinClear and Pershing

 

BEST PARTNERSHIP OF THE YEAR Sponsor: Shaype

  • Driva & Cars24
  • MYOB & Butn
  • MYOB & Flare
  • Nium & Sorbet
  • Slyp & DiviPay
  • Tanggram & Elevate Super
  • Valiant & MYOB

 

EMERGING FINTECH ORGANISATION OF THE YEAR Sponsor: 1835i

  • Betacarbon
  • Bridgit
  • Cache
  • Hay as a Service (Now Shaype)
  • HelpPay
  • Nano Digital Home Loans
  • Superhero
  • Unhedged

 

FINTECH ORGANISATION OF THE YEAR Sponsor: ASX

  • Flare
  • FrankieOne
  • Hnry
  • InDebted
  • Monoova
  • Slyp
  • Tic:Toc
  • Wisr

 

There will also be a new Hall of Fame inductee announced. This award is sponsored by previous inductee, Afterpay. Similar to the previous years, there will also be the People’s Choice award for the Fintech Organisation of the Year and Emerging Fintech Organisation of the year. These awards are sponsored by Tier One People.



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: Events, opportunities and current consultations – May 05, 2022

The first round of judging the Finnies has now closed. Thank you to the judges for evaluating and shortlisting the finalists. We’re looking forward to announcing the finalists today.

We recently signed up seven new corporate partners – ii-AOracle AustraliaBSI GroupWNSLatimer PartnersProbe CX and Jumio Corporation. If you are require any support from them, please reach out to us.

After the success of our second roadshow event in Sydney last weekwe hosted our third meetup at Stone & Chalk in Melbourne yesterday. It turned out to be a great evening. Thank you to all those who joined us.

With policy, we are currently working on three pending consultations. These include the Review of the Tax Treatment of Digital Assets and Transactions in Australia, the Crypto asset secondary service providers via Digital Services Act and the Statutory Review of the Consumer Data Right. More details about each are mentioned in the advocacy section. The CDR Sectoral Assessment (Open Finance sector – Non-Bank Lending) which was submitted last week.

Interested to know more about the EU fintech market? We’re co-hosting a webinar with Austrade on 12 May to talk about opportunities and trends in the European market. Register today!

Finally, we welcome our newest member this fortnight – BAXE and MARQETA

Regards,

Andrew Porter,
CEO,
FinTech Australia

Two consultations to enhance its digital asset ecosystem

  1. The Australian Treasury is consulting on market design and custody requirements for crypto asset service providers;
    c2022-259046.pdf (1.6 MB)
    Responses to the Consultation Paper published by Treasury are due by 27 May 2022.
  2. The Board of Taxation is conducting a review of crypto assets; The Board of Tax’s terms of reference can be found here.
    The Board has not set a date by which consultations will close.

We’re seeking inputs from our members.

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.

We are seeking inputs from our members for this review.

CDR Sectoral Assessment (Open Finance sector – Non-Bank Lending)

Public consultation commenced on 15 March to inform the sectoral assessment for applying the Consumer Data Right to non-bank lending. Sectoral assessments are conducted with reference to the criteria set out in section 56AD the Competition and Consumer Act 2010.

The submission for CDR Sectoral Assessment (Open Finance sector – Non-Bank Lending) was done last week.

 

📱 Visa brings an opportunity to engage and learn from a community of passionate and purpose-driven creators with their Visa Creator Program. For all digital-first creators and artists in Asia Pacific who are serious about incorporating NFTs into their business. Learn more about the program here

📈 The second annual Technology Scale-up Awards are open for nominations until Thursday, 26 May 2022. The awards, which will be hosted virtually on Wednesday 24 August, celebrate disruptive Australian technology businesses that demonstrate high rates of sustainable growth, as well as innovation, integrity, and contribution to community. For nominations or applications, click 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. 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.

 

🧾 Trade Ledger is hosting a live panel exploring the biggest challenges banks face in information security, the latest trends in technology, and how to stay compliant with the changing regulations. Register here to join the panel discussion – 17 May 2022.

💰 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

🤝🏻 FinTech Australia in association with Austrade are hosting a webinar on 12 May looking at fintech opportunities in the European market. Join the panel to know more about market trends and challenges. Visit here to register

💵 Envestnet Yodlee and FST Media are jointly hosting a webinar on Open Banking – What it Looks Like, Where It’s Going, and How to Unlock the Benefits. Hear from the top leaders including FDATA, WeMoney, Forrester and Envestnet | Yodlee – 11 May. Register 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.

  • Basiq announced five new customers to access Open Banking
  • AgriDigital raises $25M to grow the value of grain
  • Zai launches CurrencyFair in the USA, bringing its bank-beating international money transfers Stateside
  • Paypa Plane expands to US, appoints payments luminaries to board
  • Australia’s Hay Group launches Shaype to reimagine financial innovation and accelerate international growth
  • LAB Group announced its partnership with Complii FinTech Solutions Ltd to streamline digital onboarding for Complii’s clients.
  • Open Finance platform Basiq announces strategic partnership with FrankieOne
  • MyBond partners with the Founder and Chairperson of Hope for the Homeless
  • Spenda released a research paper that delivers a holistic overview of insights into the global state of B2B payments
  • FinSS Global announced its partnership with Uplinq, the global SME Credit Assessment platform
  • Frollo launches Open Banking powered Financial Passport for consumers
  • Endava releases a report on real-time payments in Australia – Why corporates should get on board
  • MYOB’s new Loans and Finance hub frees funds faster for SMEs
  • Lensell released its second article as a part of their though leadership series looking at Australian investors’ preferences in the first quarter of 2022

 

 

FinTech Voice April 21, 2022

Hope you all had a peaceful Easter break. It’s been a busy fortnight with new partnerships, industry announcements and more events round the corner. Watch this space for all the updates. In terms of Finnies, we’re already through the judging phase and the finalists will be announced soon. If you’re looking for speakership opportunities for Intersekt 2022, please reach out to us.

After the success of our first meetup in Adelaide, we’re excited for our second roadshow event on April 27th in Sydney followed by the third in Melbourne on May 4th. Join the FinTech Australia team to connect with our partners and fintechs. Limited seats for these events so please register soon.

On the Policy front, we have some consultations ramping up for the fortnight. The key consultations include the CDR Sectoral Assessment (Open Finance sector – Non-Bank Lending) which was submitted last week, Digital economy regulation settings, the Crypto asset secondary service providers: Licensing and custody requirements and the Statutory Review of the Consumer Data Right. More details about each are mentioned in the advocacy section.

The new episode of FinTech Australia podcast is out. In this series we talk about RegTech – what drives the industry forward and how Australia can be seen as the next RegTech center, globally. Tune into our channel to know more. You can now listen to our podcasts on Apple Podcasts and Spotify.

Interested to know more about UAE fintech market and EU fintech market? We’re co-hosting two webinars with Austrade on 26 April to talk about opportunities and trends in the Middle East market and European market, respectively. Register soon for these events.

Finally, we welcome our newest member this fortnight – DOWNSIZER and FRONTYA PTY LTD

Regards,

Andrew Porter,
CEO,
FinTech Australia

CDR Sectoral Assessment (Open Finance sector – Non-Bank Lending)

Public consultation commenced on 15 March to inform the sectoral assessment for applying the Consumer Data Right to non-bank lending. Sectoral assessments are conducted with reference to the criteria set out in section 56AD the Competition and Consumer Act 2010.

The submission for CDR Sectoral Assessment (Open Finance sector – Non-Bank Lending) was done last week.

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.

Andrew is also meeting with Treasury to share member views on this review. If you would like to share any feedback immediately before we email for written feedback, please reach out.

We are currently seeking member feedback for this review.

Australia’s digital economy regulation settings

The Morrison Government has opened consultation on digital economy regulation settings to position Australia as a leading digital economy and society.

The issues paper sets out some of the opportunities presented by these technologies, and seeks feedback on regulatory issues that may impact innovative businesses, the community and government.

The issues paper is available here.

Consultation closes on 22 April 2022 and submissions are to be made here. We will reach out to our members for inputs.

Crypto asset secondary service providers via Digital Services Act

On 8 December 2021, the Government agreed in‑principle to recommendations made by the Senate Select Committee on Australia as a Financial and Technology Centre in respect of consulting on a licensing and custody regime for crypto asset secondary service providers.

The government is now seeking feedback on the proposals and options outlined in this consultation paper to support minimum standards of conduct by crypto asset secondary service providers and safeguards for consumers.

This consultation closes on 27 May 2022. We will reach out to our members for inputs.

The Taxation Board have also released their terms of reference for their Review of the Tax Treatment of Digital Assets and Transactions in Australia.

📱 Visa brings an opportunity to engage and learn from a community of passionate and purpose-driven creators with their Visa Creator Program. For all digital-first creators and artists in Asia Pacific who are serious about incorporating NFTs into their business. Learn more about the program 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. 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.

🧾 Join Accounting Business Expo: 1000s of accounting and finance professionals will unite at the ICC in Sydney to learn how new digital accounting technologies will boost their efficiency, effectiveness and profitability – 28 – 29 April. Register here

💰 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

🤝🏻 FinTech Australia in association with Austrade are hosting a webinar on 26 April looking at fintech opportunities in the European market. Join the panel to know more about market trends and challenges. Visit here to register

🤝🏻 FinTech Australia and Austrade are pleased to present a webinar looking at UAE Fintech Opportunities. Tune into the webinar targeting Australian companies interested in the Middle East market – 26 April. Visit here for more info

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

  • TreviPay announced its entrance into the corporate accommodations market, with its embedded payments solution being deployed first for Choice Hotels
  • Archa has raised $4m in funding and secured a $20m debt facility to accelerate our growth
  • Arctic Intelligence have produced their 2022 insights survey to gather data from financial crime risk and compliance professionals across the globe
  • Sherlok appoints Steph George as CMO as startup sets its eyes on scaling
  • Temenos has been named a leader in The Forrester Wave™: Digital Wealth Management Platforms (DWMP) for Q1 2022.
  • CreditorWatch has released its Business Risk Index (BRI) that has revealed that Australian business activity may be finally showing some green shoots around recovery

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…)

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