FinTech Voice December 2 – Sponsored by Envestnet | Yodlee

This year’s Annual General Meeting took place on November 30, 2021 and with it, we welcome the Board of Directors that have been elected. We welcome newest director, Dominic Pym, Co-founder of Up, and returning directors Simone Joyce, Managing Director, Paypa Plane; Oliver Kidd, Founder & CEO, Archa; Paul Kang, Co-founder/Director, Entersoft Security; Harry Godber, Head of Strategy, Flare; Marie Mortimer, Managing Director, Loans.com.au; Nathan Walsh, Co-founder & CEO, Athena Home Loans, Robin Sands, CEO, Link4 Cloud; Brian Collins, Fintech and Food Managing Director, Startupbootcamp, Cathryn Lyall, Co-founder, Seed Money Australia & Seismic Foundry; and Michael Saadat, Public Policy & Regulatory Affairs, Afterpay.

On policy, we have a few ongoing consultations as we approach the end of the year. We continue to be involved in several consultations and their submissions this week, including the Attorney-General’s follow-up review of the Privacy Act, Modernising business communications consultation and AFCA Consultation Report

We are excited for our upcoming webinar in association with Austrade on Making the jump: Australian Fintechs Taking on the US on 3 December – 9 AM (AEDT). Learn more about the US market regulations, trends and opportunities as it relates to fintech exporters. Register for the event here.

If you have queries or require any additional information, the team is always available.

Finally, we welcome our newest member this fortnight – MATTERPAY LENDING PTY LTD.

Regards,

Rehan D’Almeida
Head of Partnerships and Marketing
FinTech Australia

Financial data aggregation leader, Envestnet | Yodlee has been granted active status as an Accredited Data Recipient and Intermediary under Australia’s Consumer Data Right (CDR). This means that the organisation is fully equipped and authorised to provide you with access to CDR financial data through open banking connections. They also provide access to non-CDR consumer-permissioned data through responsible data aggregation. With their innovative technology and global experience, they can help you navigate Australia’s hybrid and evolving open banking environment to comply with CDR requirements and your customers’ expectations. Contact them to learn more.

Privacy Act Consultation

We are currently seeking member feedback for this review

Modernizing Business Communications Consultation – Technology Neutrality

Our draft letter to the Federal Government in relation to this consultation is underway

We are seeking member feedback for this review

AFCA Consultation Report

The Treasury released their report into the Review of the Australian Financial Complaints Authority (AFCA) which FinTech Australia made a submission in response to in March 2021

The report makes 14 recommendations. Overall it found that AFCA is performing well in a difficult operating environment and a changing regulatory landscape

🔏 BDO and AusCERT presents the Cyber Security Survey that identifies the current cyber security trends, issues and threats facing organisations across Australia and New Zealand. The 10-minute survey will provide you an opportunity to sense check your organisation’s approach to cyber risk – Closes at midnight on 3 December 2021

📖 Join the Fintech in Vietnam Program delivered by Asialink Business in association with Department of Industry, Science, Energy and Resources (DISER) and Austrade – a comprehensive online training series for Australian business leaders in the Fintech sector who are exploring opportunities to plug-into Vietnam’s fintech market. Learn more about the program and apply today! Use code FINTECHAUS100 for free registration!

🇺🇸 FinTech Australia and Austrade webinar will highlight the US market regulations, trends and opportunities as it relates to fintech exporters. Register today for Making the jump: Australian Fintechs Taking on the US – 3 Dec

💹 Join the webinar on Investment Opportunities in Vietnam organised by Consulate General of Vietnam in Sydney – aims at NSW and Australian exporters who are keen to explore investment opportunities in Vietnam. Visit here to know more and register for the event on 2 Dec 2021

🇫🇷 Join the Paris Fintech Forum communities delivered by Alteir – Winter Digital Hybrid Edition on 2 Dec and 3 Dec. Get a chance to be a part of both in-person and virtual panels, interviews and speed meetings, all in one. Click here to know more and get your tickets today.

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

  • Frollo and Beyond Bank recently partnered to deliver Open Banking customer experience
  • Digital lender, Nano Digital Home Loans, an Australian fintech lender offering the country’s first end-to-end digital mortgage service aims to reshaping the Australian mortgage market.
  • Swyftx announced two major motorsports sponsorships at Bathurst amid growing interest in crypto among race fans and drivers
  • The Australian Competition & Consumer Commission (ACCC) recently announced that Payble was granted formal Consumer Data Right (CDR) accreditation
  • Airwallex raised additional US$100 million in Series E1 led by Lone Pine Capital
  • Open announced as Australia’s 7th fastest growing company in AFR Fast 100
  • Australian based global fintech, Change Financial (Change), which provides tailored payment solutions, card issuing and testing to banks and fintechs today announced the official launch in Australia of its payment’s brands
  • Cirralto signs binding agreement to deliver funding services to Australia largest wholesale beverage trading platform, eBev
  • MyBond launched its unique and groundbreaking service to alleviate this problem and to assist all Queensland renters
  • Cape joins forces with FrankieOne to enhance the customer onboarding experience
  • Sandstone Technology talks about Mobile banking security: 5 serious challenges, and the 7 ways to address them along with De-risking lending
  • The Economist Intelligence Unit (EIU), supported by Temenos collaborated for a detailed report on the state of cloud-based banking and its future
  • Nodifi recently launched personal loans on origination platform, signaling broker feedback and consumer demand as the main drivers
  • Shift, a provider of credit and payment platforms to Australian businesses, has set the bar for paid parental leave in the Australian finance industry
  • AFG and Frollo join forces to improve mortgage lending with Open Banking data
  • Visa recently invested in Basiq, the API platform powering some of Australia’s most innovative banks and fintechs with financial data
  • Till Payments upsizes recent funding round with top up from Afterpay-backed Touch Ventures and strategic European investors
  • Binance Australia and WeMoney recently launched an initiative to boost Australian crypto education to enhance the financial wellbeing and investment literacy of Australians
  • Connecting Up and Link4 joined forces to enable not-for-profits to reap the benefits of eInvoicing
  • TrueLayer announces the appointment today of Jodi Ross to the position of Regulatory Lead in Australia.
  • Link4 has landed more government contracts following an increase in eInvoicing adoption among Government Agencies in recent months
Upcoming Events
  1. Australian Fintechs Going Global

    August 24 @ 5:00 pm - 7:00 pm
  2. Intersekt 2022 – Startup Pitch Night

    September 6 @ 5:30 pm - 7:30 pm
  3. Intersekt 2022

    September 7 - September 8
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