Fintech industry updates: Issues paper update & dates for next year's finnies and intersekt

It’s the last month of the year and we’re not slowing down just yet. The Senate Committee Issues Paper is still our highest priority and we thank all our members who provided their inputs. Through the submission we aim to deliver a clear outcome and help our politicians create a policy environment that will help the sector thrive.
And finally…
Rehan and I will be catching up with our members in Melbourne and Sydney in January to hear about success stories, challenges and other service offerings we could develop to maximise value from being members. If you wish to become a member of FinTech Australia, please email rehan to schedule a meeting. We’re also open to suggestions via email.
We also have a little update on our website and all the new services we will be developing on it. Look out for that news on socials.
Finnies and Intersekt 2020! Save the Dates
While we have been busy with the submission, we have also began planning for our two flagship events the Finnies and Intersekt. So save the dates:
Finnies: Thursday, 11 June
Intersekt: Monday & Tuesday, 26 and 27 October.
If you are interested in sponsorship opportunities for either, please reach out to Rehan.
Rebecca Schot-Guppy,
General Manager
FinTech Australia

CDR Privacy Safeguard Draft Guidelines

Thank you to all our members that have worked on the submission, provided comments and endorsed.

FinTech Australia has been a consistent advocate for policy reform to drive the implementation of a CDR framework in Australia.  We have made numerous submissions to Federal Treasury, the Productivity Commission, the Open Banking Inquiry and Data 61 on the need for an Open Financial Data framework and on the details of that framework.
Thank you to both Cornwalls and DLA Piper who have assisted with leading this submission.

Retail Payments Regulation – Issues Paper

Following discussion at the November meeting of the Payments System Board, the RBA has released an Issues Paper as the first stage of its Review of Retail Payments Regulation, which will take place over the coming year. The Issues Paper discusses and seeks stakeholder views on a number of potential issues that could be covered by the Review, including some recommendations made in reports by the Productivity Commission and the Black Economy Taskforce in relation to interchange fees, merchant service fees and least-cost routing of dual-network debit card transactions. The Issues Paper also discusses surcharging and ‘no-surcharge’ rules, and issues relating to digital wallets and tokenisation of payments.

  • Australian fintech start-ups are young and ambitious, but largely not generating any revenue, according to a new study by Visa and Startup Muster. The report titled Australia’s Fintech Future revealed the number of fintechs in the country had jumped  38 per cent in the last year, hitting 526.
  • Australia makes top 10 in global fintech standings with Sydney (13th) and Melbourne (32nd) outperforming major centres in the first global fintech index covering more than 230 cities across 65 countries.

NSW Fintech Immersion Program- Expression of Interest

NSW Trade and Investment will be running their very FIRST NSW Fintech Immersion program to UK and USA, this will include a fully curated program and site visits to the major fintech ecosystems in UK and USA, as well as attendance to the London Tech week 2020 and Future of Fintech in San Francisco, 2020.

The bulk of this program will be delivered over 6 months of events, programming, and access to networks and resources in Sydney to ensure that companies can maximise their time in market.
Calling out to all NSW financial technology, regtech, insurtech or blockchain/AI/data companies working in financial services who are interested in doing business in UK and USA to apply.
Programming, including that in the UK and USA, will be delivered in partnership with Fintech Australia, the US Commercial Service (through its Select USA program), and others.

Applications close 5pm Monday, 16 December 2019.

Frank Accelerator Program 2020 

After the success of the 2019 program, Hall & Wilcox, through its Frank start-up practice, has opened applications for its 2020 Frank 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 you’re 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 can apply here.

Landing Pad Bootcamp including 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

International Delegation to Paris Fintech Forum

Global Victoria, in partnership with Austrade, invites export-ready Victorian fintech companies to join a trade mission to France for the Paris Fintech Forum, followed by an extension program to London.
Mission dates: 27 to 31 January 2020
Locations: 27 to 29 January in Paris; 30 to 31 January in London
Applications close: 4 December 2019

28th and 29th January 2020

Start-ups to join Asian Financial Forum (Hong Kong, 13-14 January 2020) to create a sustainable and inclusive future. 

Hong Kong is one of the world’s leading Fintech Hubs, home to 48 of the world’s leading 100 Fintech companies. On the 13-14 January, the Hong Kong Exhibition and Convention Centre will open its door to global start-ups co-founders, C-level executives, high net-worth investors at the Asian Financial Forum.

Dr Janet. L Yellen together with 130 internationally renowned speakers will be presenting at the forum to share market insight and exchange intelligence in the dynamic markets for Asia and beyond.

Please contact Rehan if you wish to register for the full event or join us at the side trip to Shenzhen to learn more about the Greater Bay Area and explore potential collaboration!

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

One month free residency in Stone & Chalk!

Looking for a new home in 2020?
If you’re looking to join the #Sydney Stone & Chalk community they’re offering ONE MONTH FREE* when you sign up in December!
Founded in Fintech, our community of emerging tech founders is made up of like-minded people, collaborators and change-makers. They offer residents a range of programs to help them scale & grow, and access customers, capital, talent and expertise.

Email for more info:
–*T&Cs: Must sign up in December and commit to 6 months beginning in Jan 2020.

Australian Payments Network Summit 2019

The Australian Payments Network Summit will bring together Australian and international experts, enthusiasts, innovators and influencers for a day of thought-provoking conversation on pressing topics in payments.

December 20th 2019
Four Seasons Sydney

Pause Fest

Pause Fest is the world’s 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.
February 5th-7th 2020
Melbourne Convention and Exhibition Centre

@ausfintech @ausfintech

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Upcoming Events
  1. Basiq | Open Banking Payments

    June 7 @ 4:00 pm - 6:00 pm
  2. Oracle presents Fintech & Cloud Native Webinar

    June 21 @ 1:00 pm - 2:15 pm
  3. Finnies 2022

    June 23
  4. Intersekt 2022

    September 7 - September 8

Ep 2: Fintechs Acceleration of Growth Since COVID

Ep 1: The Evolution of Payments

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