FA industry updates Nov 21, 2019

Yesterday we held our Roundtable on the Select Senate Committee Issues Paper in our three live locations and over teleconference, with our members and policy partners.I would like to thank everyone who participated in the discussion and added notes to our submission document; the input was invaluable to craft the first draft.

A structured draft will be provided to members by Thursday 28 November, for their comments, feedback and review.The paper will be used by the government to drive policy around a wide variety of issues that affect Fintechs, from the R&D tax incentive to Open Banking and fostering innovation through flexible regulations. More on this below.

Beyond the Committee Issues Paper

I would also like to mention it’s been great to see so many of our member’s advertisements around Melbourne and Sydney. And a big congratulations to Cover Genius and Athena Home Loans on their recent capital raises.

Last but not least, please welcome our new members Accurassi and Campaign Agent.

Rebecca Schot-Guppy,

General Manager
FinTech Australia

FinTech & Regtech Senate Committee

Last week, we shared the Select Senate Committee’sFinTech and RegTechIssues Paperfor consultation. We would now like to collate our members’ perspectivesand feedback on the Issues Paper, in order to create our submission.

In order to deliver our submission to the government by 20th December, we propose the following timeline:

  • Friday, 15November – First round of comments due (Completed)
  • Tuesday, 19November3:30-5:00pmAEDT- VC and Teleconference (details below) to discuss key topics in the issues paper (Completed)
  • Thursday, 28November – FA to provide the first draft for comment and review
  • Wednesday, 4December – Comments and review due
  • Monday, 9December – FA to supply the second draft for comment and review
  • Thursday, 12December – Comments are due
  • Wednesday, 18December – Final submission for endorsement
  • Friday, 20December – Submission to be given to the government

Once again, a big thank you to all those who joined the Roundtable in person and over the phone (despite technical difficulties). Your time and contributions have been duly noted and we appreciate your support in shaping the future of Australian Fintech policy.

E-Invoicing Updates

Key developments for the e-invoicing space over the past 2 weeks:

– The government has announced they will pay e-Invoices for SMEs within 5 days from January 1, 2020

-70 Commonwealth agencies attended a workshop in Canberra on the adoption of e-Invoicing by government

– Australian Tax Office became a PEPPOL Authority and are now certifying local providers

– NSW are conducting a comprehensive e-Invoicing trial with all the major players in Australia so they can pay invoices within 5 days

– e-Invoicing officially launched in New Zealand on November 13

For those unclear, sending an invoice by email with PDF attached isDigital Invoicing. e-Invoicing (electronic invoice delivery) is when the accounting systems talk together in real time. Solutions like FinTech Australia Member’s Link4 and Promis, allow small businesses using Xero, MYOB and QuickBooks to experience the benefits of e-Invoicing for free.

FinTech Australia Podcast

Learn all about what is happening in the domestic fintech ecosystem from policy changes such as open banking, consumer data rights, changes in payments to neo/challenger banks and other unique businesses – we have it all and more. Hear from talented people who are building the future of fintech and driving change.

Given this is our first attempt at podcasting, wed love to hear your feedback. We assure better sound quality in our future podcasts.

iTunes link – https://lnkd.in/g-SdN34

Google link – https://lnkd.in/gS_MFeR

Spotify link – https://lnkd.in/gA649bp

Frank Accelerator Program 2020

After the success of the 2019 program, Hall & Wilcox, through itsFrankstart-up practice, has opened applications for its 2020Frank Lab accelerator program, a 6 month program focused on ensuring that you have the right business structure and legal foundations to grow your business.

If youre preparing for a capital raise, have a regulatory issue you need advice on or could just do with some help getting your legal docs in order you canapply here.

Landing Pad Bootcampincluding the Paris Fintech Forum 2020

Austrade together with NSW Trade & Investment, Global Victoria and Trade & Investment Queensland will be running our very FIRST FINTECH bootcamp powered by the Europe Landing Pad, this will include a fully curated program and site visits to the major fintech ecosystems across Europe, as well as attendance to the Paris Fintech Forum.

We are calling out to all Australian financial technology, regtech, insurtech or blockchain/AI/data companies working in financial services who are interested in doing business in Europe/UK to apply.

20th – 31st January 2020

Ticket Sales Paris Fintech Forum

Paris Fintech Forum will be back nextJanuary 28 & 29, 2020to host the 5th edition of theParis Fintech Forumat thePalais Brongniart in Paris.

Tickets are now on sale! If you are interested and would like to take advantage of the FAmembers discount code, please message Rehan

28th and 29th January 2020

Fintech Week Tel Aviv

Bringing together players from a host of global fintech hotspots to deliberate, network, share ideas and look at synergies and ways to work together.

With a thriving entrepreneurial culture, deep pool of talent and penchant for disruptive innovation, Israel is a globally revered fintech hub.

A relatively small domestic market means Israeli entrepreneurs focus ideas and product designs to be scalable for the global market.Fintech Week gives you front row access to key global players and exposure to the very latest ideas, innovations and developments in fintech, helping you to position your business to stay ahead of the curve.

It’s an opportunity for professional services firms to meet the success stories of tomorrow and for financial services organisations to learn about the trends and disruptions that will dictate the future shape of the industry. This means both opportunities for new leads and new business streams.

10th – 12th February 2020
Tel Aviv

Money 20/20 Asia

Money20/20 Asia will unite the leaders from Asia’s giants, to the rising superstars, challengers and trailblazing startups attending to create the future of money.

Speaking opportunities are still open, if you are interested please follow the link below.

24th and 26th March 2020

Startup/angels Melbourne #7

After a successful 6th edition in September, the S&A team is delighted to be back to Melbourne on the 21th of November ! This time we will be back at BlueRock, 16/414 La Trobe Street, Melbourne, VIC 3000, from 6 to 9pm.

Created in June 2016, Startup&Angels is the perfect opportunity to discover the founders of promising startups while networking with fellow investors and entrepreneurs around some wine, beer and tasting delicious products.

November 21st2019
BlueRock, Melborune

Use codeFINTECHFRIENDS for 20% off

StartCon – Future of Work

Each year at StartCon, we welcome some of the worlds biggest names in technology, entrepreneurship and growth marketing to deliver thought-provoking presentations.

This year we’re exploring the Future of Work and what that means for us. Work does more than just provide a means to live; it provides a source of identity, security, community, and meaning.

4000+ attendees | 4 stages | 65 speakers | 35 hours of content Workshops | Networking | Exhibitors | Start Up Alley | Awards Plus did we mention your chance to Pitch for $1 Million dollars!

November 22nd-23rd2019
Royal Randwick,Sydney

The Past, Present & Future of Proptech Australia

In recent years, PropTech has taken the world by storm. There’s been amazing growth both internationally, and within our Australian community.

With so many amazing things going on, it can be difficult to keep up.

Join us for a lightning talk from Nigel Dalton, and hear from industry experts on the following topics;

  • The past:Insights into the industry and global impact on Australia
  • The present:Similarities and differences across international markets, key trends and highlights from this year
  • The future:Opportunities for the coming year and expert predictions on ‘what’s next’ both locally and internationally

Limited places available. Register today and avoid missing out!

November 27th2019

New England Venture Summit

Fintech Australia is proud to be partnering again with youngStartup Ventures for the 14th annual #NEVentureSummit, the premier industry gathering connecting venture capitalists, corporate VCs, angel investors, senior executives of early-stage and emerging growth companies and more!

This exclusive venture summit will bring together over 800 VCs, Corporate VCs, Angel Investors, Investment Bankers, industry executives and founders of venture backed, emerging and early stage companies; will featuremore than 100 VCsas speakers and judges; presentations bymore than100 Top Innovatorsand high-level networking opportunities.

December 4th 2019
Boston, Dedham

Use discount code FAVIPand receive $100 off

AusPayNet Summit – The Big Debate

Central banks and governments around the world are researching, exploring and watching developments in digital currencies. Join us for the Big Debate as we ask a panel of academics, technologists and the regulator whether Australia is ready for digital currency innovation such as Libra.

Whatever your viewpoint, you dont want to miss this lively, thought-provoking discussion moderated by chief economist, Warren Hogan.

December 20th 2019
Four Seasons Sydney

Use code AUSPAYNETFINTECH30 for 30% off

Pause Fest

Celebrating 10th Anniversary of Australian Innovation.

Pause Fest is the worlds leading festival of business and creativity. Pause Fest is an independent, industry driven movement with a mission to bring diverse intelligence together to fuel the next generation forward. Pause Fest is designed for progress.

Join 2,000 thinkers and doers at the worlds leading festival for business and creativity. 3 Days. ?3 Stages.?200 Speakers. ?30 International Speakers. 24 Workshops.?16 Panels.?30 Startups.?30 Tracks of Content. Tech Garden Expo. Pause Fest 2020 is set to invigorate your senses, serve you the future trends, deliver stories from beyond the generation and, most importantly, prepare you with actionable insights. FinTech Australia is excited to be a Community Partner.

February 5th-7th 2020
Melbourne Convention and Exhibition Centre

Helping large enterprises stay ahead of their customers expectations
BNPL for marketing expenses when vendors sell their homes

@ausfintech @ausfintech

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Upcoming Events
  1. Basiq | Open Banking Payments

    June 7 @ 4:00 pm - 6:00 pm
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Ep 2: Fintechs Acceleration of Growth Since COVID

Ep 1: The Evolution of Payments

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Lee Hatton – Afterpay: FinTech Australia Podcast

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