Pinstripe Media launches new Fintech Focus segment on AusBiz network in partnership with FinTech Australia

FinTech Australia has partnered with Pinstripe Media to launch a new segment for the StartUp Daily Show focused on the fintech industry.

Hosted by StartUp Daily editor Simon Thomsen and Pinstripe Media reporter and co-host Sam Brown, the segment, FinTech Focus, will host interviews and panel discussion delving into the key issues and news stories in the sector. (more…)

Mastercard joins FinTech Australia as an ecosystem partner

Mastercard, a global pioneer in payments innovation and technology, has joined FinTech Australia as an ecosystem partner and as an event partner for the 2021 Finnie Awards.

In partnering with FinTech Australia, Mastercard aims to become a leading source for advice, support and guidance to fintechs in the global payments sector. In addition, FinTech Australia and Mastercard will also run a joint fintech pitch event later this year.

“Collaborations between fintechs and large financial services are key to growing our fintech sector. We’re thrilled to see Mastercard take this step in partnering with FinTech Australia to better collaborate with the local industry,” Rebecca Schot-Guppy, CEO of FinTech Australia said.

“We’re particularly excited to have Mastercard as an event sponsor for this year’s Finnies event. With their support, we are well placed to hold our best event to date for the ecosystem.”

“Our ecosystem partnership program has more than doubled in size over the past 12 months, indicating strong demand for partnerships and collaboration with the industry,” she added.

In Europe and North America, Mastercard is already the partner of choice for 97% of the top Fintech brands. The Mastercard Accelerate partnership program takes a relationship-led approach to helping fintechs build and scale their operations, supported by four dedicated programs:

  • Mastercard Fintech Express – Provides fintechs with accelerated speed-to-market at every stage of their growth journey, by providing product differentiation, financial flexibility and global licensing support through dedicated in-market teams.
  • Mastercard Engage – Identifies qualified technology partners and fintechs, connecting them to thousands of Mastercard partners and customers to help scale their businesses efficiently.
  • Mastercard StartPath – Invites later-stage startups to participate in a 6-month program, providing opportunities to scale and secure strategic investments. More than 200 companies have participated in StartPath since its founding in 2014, including local success stories Airwallex and Identitii.
  • Mastercard Developers – Provides APIs for everything, empowering engineers with the ability to access Mastercard payment, security and analytics services via simple, user-friendly documentation, SDKs and sample code for the top programming languages

“Mastercard has long recognised the high levels of innovation and entrepreneurial talent here in Australia. The organisation is excited to partner with FinTech Australia and its members to further accelerate the incredible growth we’ve seen from the ecosystem in recent years,” said Kallan Hogan, Vice President, Fintech Account Management, Australasia, Mastercard. 

“As a global technology company, Mastercard’s ambition is to enable fintechs to scale both at home and abroad. This partnership aims to connect local players in the space to Mastercard’s industry experience, technology and connections, alongside the resources available at its Global Tech Hub in Sydney, helping these organisations rise to the next level, quickly.”

FinTech Australia’s current corporate partners include: IDEMIA, Google, eftpos, Amazon Web Services (AWS), Bank of Queensland, NAB, EY and BDO.

The FinTech Australia partnership program helps embed these companies within the fintech ecosystem and networks them with its key players.

 

Media contact

Harrison Polites (FinTech Australia)

harrison@themediaaccelerator.com.au

0409 623 618

Luke McClelland (Mastercard)

luke.mcclelland@mastercard.com

0417 761 139

 

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.

About Mastercard (NYSE: MA)

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

Five FinTechs on Friday – March 26, 2021

We’re on Clubhouse! To hear more about the five fintechs highlighted today and general chat about all things fintech with Simone Joyce, Chair of FinTech Australia and Founder of Paypa Plane, and Brian Collins, MD at Startupbootcamp; head here OR add to calendar.

Check them out below!

Last chance to apply for the Finnie Awards 2021. Have the chance to be recognised amongst the most innovative Australian companies that are disrupting the fintech industry.

Intersekt 2021 registration is now live! Grab a ticket for the most thought-provoking and diverse Asia-Pacific fintech conference.

(more…)

Five FinTechs on Friday – March 19, 2021

We’re on clubhouse! If you’re looking to end your week with some relaxed #Fintech updates, Brian Collins and Simone Joyce will be hosting the second instalment of FinTech Australia‘s #clubhouse series. In 30mins they’ll take a stroll around the 5 Fintechs profiled today, and the trends and news sitting behind them. Clubhouse link 

This Friday we have five exciting fintechs: A banking insights app, a payment platform, a data facilitation platform, a credit risk software provider and a market leader in R&D financing.

Check them out below!

Don’t forget to apply for the Finnie Awards 2021 and have the chance to be recognised amongst the most innovative Australian companies that are disrupting the fintech industry. Entries close on March 30th!

Intersekt 2021 registration is now live! Grab your ticket for the most thought provoking and diverse Asia-Pacific fintech conference.

(more…)

FinTech Australia Spotlight Article: Monoova

Monoova and Jacaranda Finance partner-up to unlock faster payments and greater financial inclusion

In the first edition of Member Spotlight in 2021, we had a chance to talk to CEO of Monoova, Christian Westerlind Wigstrom, and CEO of Jacaranda Finance, Daniel Wessels, about their recent partnership.

Meet the companies

Monoova, formerly known as Moneytech Payments and founded in 2017, is an end-to-end payments provider that supports scaling businesses with large, and often complex, ongoing transaction flows to automate how they receive, manage and pay their funds through one API integration. In other words, Monoova helps businesses grow by applying their API technology to a businesses’ transaction flows.

The company’s platform is designed to allow businesses to access a variety of payment functions like the NPP and customised real-time data.

The people behind Jacaranda Finance, established in 2013, noticed that there are around three million people in Australia who are deemed ‘unbankable’ by traditional financial. As a result, Jacaranda Finance was created to address a gap in the lending market by offering online, unsecured personal loans that unbankable people could gain access to. 

It is safe to say that Fintechs like Jacaranda are enabling a new era of financial inclusion. During our discussion, Mr Wessels of Jacaranda Finance said: “We pride ourselves on helping customers navigate stressful financial situations by providing fast access to finance. For many of our customers who can’t be serviced by traditional lenders and funding models, we provide a critical service.”

The partnership

The synergies between the two companies in the partnership have brought on a range of positive outcomes.

 Mr Wessels spoke highly of the API technology provided by Monoova: “Integrating with Monoova’s Automated Payment Service (APS) has been game changing for our business and an integral component in allowing us to deliver market leading turnaround times and instant payments to customers”

The APS allows partners to automate how they receive, manage and pay funds across a large number of payment methods. According to Daniel Wessels, working with Monoova has enabled Jacaranda Finance to rely less on manual payments processing, which is crucial for businesses required to operate 24/7. The APS also resulted in faster payments processing times, supporting financial inclusion by enabling Jacaranda Finance to deliver an improved loan experience to thousands of customers. Overall, with the integration of Monoova’s APS, more Australians are now able to navigate stressful financial situations via Jacaranda Finance’s fast access to finance.

Christian Westerlind Wigstrom of Monoova found working with Jacaranda Finance rewarding and enjoyed supporting their noble goal: “We are inspired by Jacaranda Finance’s mission of financial inclusion and are delighted to bring this to life through our services. By enabling fast access to funds, we are supporting Australians who need it most.” 

Christian went on to note that he plans to continue investing in Monoova’s capabilities to ensure the company’s partners can spend more time on supporting customers’ needs and less time on payments administration work in the future.

IDEMIA, G+D and NXP launch WLA to offer smart card and online payment firms an independent contactless payment standard

The White Label Alliance (WLA) was formed in response to increasing global demand for next-generation, independent payment solutions. WLA consolidates and sets independent standards for contact and contactless cards, mobile and other form factors and payment terminal acceptance. WLA has also signed a strategic licensing agreement with JCB. (more…)

The Fold Legal Blog: BNPL CODE – TO B OR NOT TO B A MEMBER?

This was initially posted on The Fold Legal blog.

The Australian Finance Industry Association (AFIA) has released a new voluntary Buy Now Pay Later (BNPL) Code (Code) to address criticism that the industry is under-regulated and to enhance consumer protections. The objective of the Code is to encourage a customer centric approach, promote industry standards and drive an uplift in compliance. In doing so, the Code imposes several conditions and protections that go beyond the current legal and regulatory regime for BNPL providers. (more…)

Five FinTechs on Friday – March 12, 2021

This Friday we have five exciting FinTechs: a payments platform, a world-class investment management provider, a regulatory trade and transaction reporting platform and a data access governance solution platform and a leading provider of secure, stylish POS payment terminal solutions.

Check them out below!

Intersekt 2021 registration is now live! Grab a ticket for the most thought provoking and diverse Asia-Pacific fintech conference.

Don’t forget to apply for the Finnies Awards 2021 and have the chance to be recognised amongst the most innovative Australian companies that are disrupting the fintech industry.

(more…)

Update on the FinTech Australia Podcast

Last year FinTech Australia partnered with Tier One People to bring you a podcast series covering the growth and development of Australia’s fintech industry. 

However, after 12 months of incredible content, both parties are ready to expand the podcast into separate offerings. (more…)

Funding a fintech: how can startups and scaleups attract private equity investment

As the rollout of the COVID-19 vaccine helps to encourage economic recovery, Australian Fintech companies, from start-ups to scale-ups, are in the sights of Private Equity (PE) investors.

PE firms have become increasingly more active in the Fintech sector, with $137.5 billion invested globally in 2019. (more…)

Upcoming Events
  1. MoneyFest

    April 19 - April 23
  2. Intersekt 2021

    May 19 @ 9:00 am - May 20 @ 6:00 pm
  3. Finnies 2021

    June 9
Videos

Peoples Choice Organisation of 2020

Finnies 2020: Outstanding Fintech Leader of the Year

Scaling Product Globally

Podcasts

Lee Hatton – Afterpay: FinTech Australia Podcast

Anthony Jones – Visa AUS/NZ

Tim Cameron – TransferWise