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
Upcoming Events

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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