FinTech Voice August 25, 2022 – EY FinTech Australia Census 2022

Tickets are selling fast this year in what will become the biggest Australian fintech conference yet! Book your tickets to Intersekt 2022 soon. We will soon share a separate email this week with what to expect at the conference. Until then, visit the intersekt website for all the updates on the program, roundtables, International Dinner events and more.

Our policy work is also now ramping up. The CDR Non-Bank Lending draft designation instrument consultation by Treasury and the tax treatment of digital assets and transactions consultation by the Board of Taxation are the two submissions we will be working on. You can also attend these roundtables at Intersekt this year to participate in the conversation directly with the regulators. We will soon be announcing our approach for a more proactive engagement with policy makers, government and regulators on our key policy priorities.

Fundsquire is a global fintech that invests growth capital in innovative businesses in Australia, Canada, and the UK. Through its advance funding and resources, Fundsquire helps clients accelerate and strengthen the value of their business. As an Intersekt sponsor and panel speaker, Fundsquire continues to empower the Australian startup ecosystem.

FinTech Australia EY Census – If you work with a fintech, the EY FinTech Australia Census survey is for you to help us understand the views of the ecosystem and help with our policy priorities. It is a highly valued source of information for both regulators and government. The survey is open till 9th September.

Policy Advocacy  Government released the final report of their sectoral assessment for non-bank lendingWe recently made a submission to the crypto-asset reform consultation paper. ASIC outlined its core strategic projects and priorities for the next four years. The Board of Taxation launched consultation on the tax treatment of digital assets and transactions. For more updates on policy, check out the advocacy section below

Intersekt and following events – We’re excited to bring you this year’s Intersekt Pitch Night 2022. It is in collaboration with Seed Money, Mastercard, Dialpad and Seed Space . Express your interest to pitch your fintech to investors and to win amazing prizes.

In collaboration with Currencycloud, join the webinar on Reinventing wealth management as a part of our Intersekt 2022 pre-conference Digital Series. Hear from speakers from Pearler and Currencycloud as they discuss the landscape of wealth management in Asia-Pacific and Australia and more. Register for the event here

Lastly…

Austrade in collaboration with the RegTech Association of Hong Kong and The RegTech Association Australia are presenting webinar on Latest Developments in RegTech and Business Opportunities in Hong Kong. Register for the event – 25 August 2022

For any queries and support, please reach out to us.

Finally, we welcome our newest member this fortnight – DOX AI (Ezidox – Lakeba Group), CHIPPIT PTY LTD and DELTAPEER

Regards,

Rehan D’Almeida,
General Manager,
FinTech Australia

Treasury consults on CDR Non-Bank Lending draft designation instrument

On Friday the Government released for consultation a draft designation instrument which sets out the scope of datasets and data holders proposed to be designated for the CDR in the non‑bank lending sector.

Treasury also released the final report of their sectoral assessment for non-bank lending, which informed the drafting of the designation instrument. The sectoral assessment was the first of Treasury’s assessments of ‘Open Finance’ sub‑sectors for inclusion within the CDR.

FinTech Australia contributed to the consultation on the sectoral assessment in April and we plan to make a submission on the draft instrument and subsequent related draft rules.

The consultation closes on 16 September 2022.

Government outlines next steps on crypto asset reforms

This week the Government announced work on crypto reform is underway. A ‘token mapping’ project will be the first step under the new Government’s reform agenda, with a consultation paper to be released ‘soon’.

It appears the Government is taking a more gradual approach to developing a regulatory framework for crypto assets, in contrast to the previous Government’s consultation before the federal election on options for licensing and custody requirements.

FinTech Australia made a submission to that consultation process and we look forward to continuing to work closely with Treasury during the token mapping consultation process.

ASIC identifies crypto assets and cyber resilience as core strategic projects

This week ASIC outlined its core strategic projects and priorities for the next four years.

Notably, ASIC flagged volatility in the crypto-assets market as having a transformational impact on the regulatory environment and that the regulator will take action to protect investors from harms posed by crypto-assets. This action will include a stronger focus on supervising and assessing product disclosure statements and target market determinations.

Cyber and operational resilience was also highlighted as a core strategic project, with ASIC to take a more proactive approach which will include implementing a cross-industry self-assessment to benchmark cyber resilience.

The Board of Taxation launches consultation on the tax treatment of digital assets and transactions

Consultation has commenced on a review into the appropriate policy framework for the taxation of digital assets and transactions in Australia.

The Board of Tax is seeking feedback to assist with identifying emerging tax policy issues associated with crypto assets, considering the current tax treatment of crypto assets, and considering the awareness of the tax treatment by both retail and wholesale investors.

The review was originally announced by the previous Government last December, with Terms of Reference released this March, shortly before the federal election. The current Government’s decision to proceed with the review is a positive sign that we might soon see progress on other matters that formed last year’s broader Government response to the review of Australia’s payments system and the regulation of digital assets.

The Board of Tax is seeking written submissions by 30 September 2022 and will provide a final report with advice to Government by the end of this year.

📇King & Wood Mallesons CRYPTO ASSET CONSULTATION ON AUSTRALIA’S HORIZON. Australia’s Treasury Ministers announced consultation on a framework for regulation of the crypto asset sector for industry and regulators. For more, visit here

💭Think & Grow are working on the most in-demand nationwide research project – the fourth iteration of the Australian Startup Salary Guide 2022/2023. Click here to participate in the survey.

📣The Stone & Chalk Group is extending exclusive offers to valued members of Fintech Australia. If you are a tech startup or a scaleup, visit their website for more information.

🔍 AusIndustry 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. Oct-Nov 2022. 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

💻 Join the #RegTechEdgeNoBorders program by The RegTech Association which is designed to showcase RegTech solutions that address the global challenges across a complex regulatory landscape – 8 Sept. Register for the event today!

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

  • Ziksu receives International Fintech Award One Year after launching
  • WNS is Becoming a Trusted Partner for FinTech Companies

FinTech Voice August 11, 2022

The EY FinTech Australia Census is an important initiative we conduct every year to gain a better understanding of the key issues that are affecting the fintech community. If you’re a fintech and haven’t yet participated in this year’s census, please do.

This study will help us demonstrate that our priorities truly reflect the views of the ecosystem. It is a highly valued source of information for both regulators and government.

Meetups – We are hosting a Going Global event in collaboration with Austrade to showcase how Australian fintechs are successfully scaling their businesses globally. We will be joined by speakers from Google Cloud & AssuranceLab to discuss how you can scale your fintech business with strong partners, and Fundsquire and Karta as leading examples of Australian fintechs succeeding overseas. August 24 – Register soon!

Policy Advocacy  RBA is working with the Digital Finance Cooperative Research Centre to study use cases for a CBDC in Australia. APRA is working on a draft standard on new operational risk management. The Government is working on introducing legislation in the upcoming parliamentary sitting period to make unfair contract terms illegal. For more updates on policy, check out the advocacy section below

Please reach out to Nick Kavass to arrange a time to discuss your policy priorities and involvement in our Policy Working Groups.

Intersekt – Lots of excitement and interest for the conference this year and not enough space. Book your tickets soon. Visit intersekt website for all the info and updates on the program, networking events.

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

We recently released our year in review outlining our milestones and showcasing our journey and achievements from last year. Thank you to all members for your support.

Lastly…

ASIC (Australian Securities & Investments Commission) hosted the Financial Innovation Regulator Meet-up, representatives from national bodies discussed issues and their latest experience with financial innovation and technology, details here.

For any queries and support, please reach out to us.

Finally, we welcome our newest member this fortnight – ARYZAFMH HOLDING PTE LTDGLOBAL PAYMENTS INCBEHAVE AND SAVE and IDMETA PTY LTD

Regards,

Rehan D’Almeida,
General Manager,
FinTech Australia

RBA to explore use cases for CBDC

The RBA announced it is working with the Digital Finance Cooperative Research Centre on a research project to explore use cases for a central bank digital currency (CBDC) in Australia.

Yesterday we met with the RBA to discuss this work and opportunities for FinTech Australia members to be involved. The RBA is keen to hear from fintechs with ideas for pilot use cases before a white paper is launched in the coming months.

This year’s Intersekt will feature a panel discussion and roundtable with the RBA, including Head of Payments Policy, Ellis Connolly. The roundtable, in particular, will provide an opportunity to engage directly with the RBA on CBDC use cases. We will also organise broader engagement opportunities with the RBA on this project after Intersekt.

If you have a strong interest in this work, please reach out to us.

APRA consults on new operational risk management standard

APRA is consulting on a new cross-industry Prudential Standard CPS 230 on Operational Risk Management.

Notably, the draft standard includes broadened requirements for APRA-regulated entities to effectively manage the risks associated with the use of third-party service providers with a comprehensive management policy, formal agreements and robust monitoring.

Banking as a Service arrangements and crypto-assets are specifically mentioned in APRA’s associated discussion paper as examples of situations where ADIs would need to meet the updated requirements.

APRA is seeking feedback on the draft standard by 21 October 2022.

Government to legislate ban on unfair contract terms

The Government announced it will introduce legislation in the upcoming parliamentary sitting period to make unfair contract terms illegal.

The amendments will introduce civil penalty provisions outlawing the use of, and reliance on, unfair terms in standard form contracts. This will significantly strengthen the current provisions, which can only result in a term being void if found ‘unfair’ by a court or tribunal.

The reforms will also expand the scope of small businesses protected by the unfair contract terms provisions. The small business eligibility threshold will increase from less than 20 employees to less than 100 employees, and an annual turnover threshold of less than $10 million will be introduced as an alternative threshold for determining eligibility.

Intersekt Regulator Roundtables

Intersekt this year will feature a range of regulator roundtables led by federal government departments and agencies, including Treasury, ASIC, AUSTRAC, the RBA and the ACCC.

We will soon announce registration details for participating in these roundtables.

📇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.

💭Think & Grow are working on the most in-demand nationwide research project – the fourth iteration of the Australian Startup Salary Guide 2022/2023. Click here to participate in the survey.

🔍 AusIndustry 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

🇬🇧 Austrade presents First in a series of informative sessions with leading experts from across the UK to discuss how Australia’s most innovative Tech Businesses can access UK Markets, raise investment, and hire global talent. Aug 23. Click here to register

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

  • Frollo has announced that it’s phasing out screen scraping in its free money management app, where Open Banking is available
  • RBA and Digital Finance Cooperative Research Centre to Explore Use Cases for CBDC
  • PEXA and Send Payments team up to streamline multi-currency property transactions
  • Change Financial announces $5.7 million capital raise
  • Sandstone Technology Positioned as the Leader in the 2022 SPARK Matrix™ for Digital Banking Platforms by Quadrant Knowledge Solutions
  • B4Real and Tribe Digital Ventures Partnership Announced
  • Jumio has introduced a guide on KYC and Digital Payment Compliance in Asia Pacific

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 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 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 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 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

 

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 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
Upcoming Events
  1. Architect your Fintech ‘Bank-Grade’- with Oracle Cloud

    February 15 @ 9:30 am - 1:30 pm
  2. THE NEXT ERA IN LENDING: LENDERS WILL TAKE THE PATH OF PRAGMATIC INNOVATION

    February 16 @ 9:00 am - 10:00 am
  3. #ACCELERATERegTech2023

    April 26 @ 8:00 am - April 27 @ 5:00 pm
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