This week’s five fintechs include a global payment products leader, a multi-investment platform, a cryptocurrent exchange, a data platform for ASX stocks and an account management company.
Check them all out below!
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Five FinTechs on Friday – November 27
Member Spotlight: Vasco Pay, Digital Payments Accelerator Program
Anyone with experience in payments (including the 47 payment companies in this community) will understand the complexity and costs involved in bringing a payment product to market.
Open Banking has revolutionised the world of payments, resulting in the rise of ‘bank in a box’ and ‘banking as a service’, which provides open access to infrastructure previously reserved for the big end of town.
However, there are still plenty of barriers and challenges – cost, access to payments technology and speed to market. Regardless, the race to create and launch the next best payment solution is on – and Vasco Pay is here to help.
Five FinTechs on Friday – November 20
Digital banking technology, blockchain analysis, claims management, international current transfers and millennial credit solutions. This Friday, we focus on five unique fintechs that are at the forefront of innovation.
Check them all out below!
FinTech Australia signs on Google Cloud and eftpos corporate partners
FinTech Australia has announced both Google Cloud and eftpos as a new corporate partner for the organisation.
The FinTech Australia partnership program helps embed these companies within the fintech ecosystem and networks them with its key players. Partner companies also serve as a key support for events, awards and other FinTech Australia community activities.
FinTech Australia’s current corporate partners include: Amazon Web Services (AWS), VISA, Bank of Queensland, NAB, EY and BDO. (more…)
Five FinTechs on Friday – November 13
Our most thrilling initiative, Five Fintechs on Fridays, is back after a brief Finnies induced hiatus!
Also, if you missed it, here’s a link to the winners of the Finnies and snapshots from the night.
Check out the fintechs below
FinTech Australia Announces 2020 Finnies Award Winners
October 28, 2020 — Airwallex and Athena Home Loans, Brighte and Wisr are among the biggest winners of the virtual Finnie Awards.
Airwallex took home a total of four awards including Fintech Organisation of The Year, Excellence in Payments and the new People’s Choice award for Organisation of The Year. The company’s President and co-founder Lucy Liu was also named Emerging FinTech Leader of the Year.
Athena Home Loans was awarded the Excellence in Consumer Lending and for the second year in a row the Emerging FinTech Organisation of The Year. Brighte’ Katherine McConnell was named Female Fintech leader of the year. The company also took out the award for Best Workplace Diversity. (more…)
Australian fintech sector maintains momentum, despite COVID-19 and capital constraints
- 39% of local fintechs surveyed now have more than 500 paying customers, up from just 27% in 2019
- 72% of fintechs say the COVID-19 pandemic has had a negative impact on their capital raising ability
- Payments, wallets and supply chain (30%) and lending (20%) are now the top two types of fintech services, largely driven by a step-change in consumer digital adoption and the rise of the buy now pay later sector
Despite the challenges of operating during a global pandemic, the Australian fintech industry is still managing to sustain its revenue base, attract more paying customers than ever before and plan for future global expansion, according to the EY FinTech Australia Census 2020 (“Census”). (more…)
Member Spotlight: XBert
Against the unprecedented global economic crisis tools that provide financial risk alerts, data accuracy, visibility and real-time insights, like the products offered by SaaS fintech and 2020 Finnies finalist XBert, have proven essential for business owners, accountants, bookkeepers and advisors.
Since launching publicly at leading cloud accounting provider Xero’s Xerocon event in September 2019, XBert’s been making waves in Australia and overseas. Now, XBert’s secured an AusIndustry Entrepreneurs’ Programme Accelerating Commercialisation grant (“grant”) and is ready to go big on a global scale!
For this week’s Member Spotlight, we spoke with Troy Brown, co-founder and co-director of XBert about the grant process (including some helpful tips), the challenges they encountered and what’s on the horizon.
(more…)
FinTech Australia Impact on the Senate Inquiry
Dear Community,
Earlier this month the Senate Inquiry for FinTech and RegTech tabled its initial recommendations for future regulation of our industry. Thanks to the input of our members, over a third (14) of the 32 recommendations tabled by the Committee were initially suggested by FinTech Australia.
Crucially, many of the recommendations we suggested covered key policy areas for the fintech industry, including R&D tax incentives and the consumer data right.
We credit this result to the willingness of our members to engage with this process. Over 100 fintechs across various industries worked with us to create a submission that truly represents the community. (more…)
Member Spotlight: Assembly Payments and Patona
After starting several successful fintechs, Simon Lee, Managing Partner of Patona, and Co Founder and Board Member of Assembly Payments, has some sound wisdom when it comes to scaling a business and making meaningful connections and partnerships with financial services heavyweights.
FinTech Australia is proud to announce the 2020 Finnies finalists
Recognising and rewarding the Australian FinTech community by honouring innovation, growth and collaboration.
We are thrilled to announce the finalists for this year’s Finnies!
We received 211 incredible award entries across 19 categories. Thank you to everyone that took the time to enter.
FinTech Australia CEO, Rebecca Schot-Guppy, and the FinTech Australia Board were faced with the incredibly difficult task of arriving at the 134 finalists. The category winners will be announced at the virtual ceremony on Wednesday 28 October. (more…)
Five FinTechs on Friday – September 18
We’re excited to bring to you five fintechs this weeks. A financial products comparison website with a difference, a fintech helping small businesses combat cyber attacks, a provider of digital wealth technology for businesses, a technology partner for finance brokers and dealers and one that invests in, creates and grows payment businesses. Read more below.
As we get closer to the Finnies Awards ceremony, all hands will be on deck to ensure the success of our first virtual ceremony. On that note, we will put this 5 fintechs initiative on hold till November 6, 2020. Please follow us on Linkedin or Twitter for all updates from us and we hope you can all join us for this year’s virtual gala night that we guarantee will be a night to remember. The first hundred registrants will also receive exciting gifts from us. All updates will be shared next Friday instead of the Five Fintechs.
Five FinTechs on Friday – September 11
We’re excited to bring to you this weeks fintechs. Fintechs for consumers that help with accessing better deals from the banks and another that makes online trading simple. Also, fintechs that help businesses digitise their documents, enable payments via bluetooth and provide analytics for better user experience. Read more below.
FinTech Australia inks collaboration agreement with EY
Ernst & Young Australia (EY) has strengthened its relationship with FinTech Australia through a new collaboration agreement which will enable further involvement in future fintech events, awards and studies into the ecosystem.
The agreement extends and broadens EY’s involvement with FinTech Australia, expanding on its current role as the key research firm behind the annual Australian Fintech Census.
FinTech Australia CEO Rebecca Schot-Guppy said: “Today’s announcement not only confirms EY’s commitment to the Australian fintech ecosystem, but deepens it.” (more…)
Five FinTechs on Friday – September 4
A range of fintechs this Friday that bring new innovations and funding to the sector. A home loan platform using smart technologies, an open banking sharing platform, a digital currency exchange, a new startup in mobile wallets and and early stage VC for fintechs. Learn more about each below.