FinTech Voice, May 8, 2025
Hi FinTech Australia Community,
With the return of the Labor government, we await the announcement of ministerial portfolios and look forward to engaging with the incoming Minister relevant to our sector. A unified voice is critical at this time and we have a few initiatives planned.
Congratulations to all the Finnies finalists! We're excited to celebrate the achievements of this community and also celebrate our 10th year anniversary at the gala night. It's set to be a spectacular night, bigger than ever. Make sure to register before tickets sells out.
The 3rd edition of the Banking Reverse Pitch is happening next Tuesday, May 13. This is your opportunity to collaborate with Beyond Bank, Citi, or x15ventures on key challenges across fraud prevention, payments, and wealth. Seats are limited, join us in-person or online.
EOIs for speaking opportunities at this year's CDR Summit is closing this Sunday. This year's theme will revolve around Unlocking the value and full potential of Open Data, with 8 focus areas. We want to hear your take. Pitch your ideas here.
Lastly, we're hosting a CPS 230 webinar in partnership with Vanta. Speakers from Vanta, Allens, and Amstelveen will share their perspectives and insights on the recent CPS 230 regulatory changes and what it means for your business. Register Here.
Kind regards,
Rehan D’Almeida,
Chief Executive Officer,
FinTech Australia
Policy Update
Data Standards Body: CDR Consultation Drafts
The Data Standards Body (DSB) released a series of new consultation drafts aimed at supporting the expansion of the Consumer Data Right (CDR) and improving consumer experience:
Consultation Draft 367 – March 2025 Rules: Proposes draft standards to support the inclusion of non-bank lending and Buy Now Pay Later (BNPL) products under CDR. (Submissions due: 14 May 2025)
Consultation Draft 369 – Redirect to App: Proposes enabling data holders to redirect consumers to their existing mobile apps for authentication, enhancing security and user experience. (Submissions due: 13 May 2025)
Consultation Draft 370 – Amendment to the 338 FDO: Proposes extending the obligation date under the 338 designation from 10 November 2025 to 16 March 2026. (Submissions due: 15 May 2025)
As mentioned on our previous policy update, FinTech Australia is currently seeking member interest. If your organisation would like to contribute, please contact our policy team.
Other news
ACCC Grants Interim Authorisation for BECS Transition - The ACCC has granted interim authorisation for banks and payment schemes to coordinate the phased transition from the BSB-based BECS system to the New Payments Platform (NPP).
AUSTRAC Targets Inactive Cryptocurrency Exchange Registrations - AUSTRAC has launched a campaign urging inactive Digital Currency Exchange (DCE) providers to voluntarily cancel their registrations or risk forced deregistration.
AUSTRAC Industry Forum – Melbourne, 28 May 2025- AUSTRAC will host an Industry Forum in Melbourne on 28 May, with updates on regulatory reforms and guidance. The session will include Q&A and opportunities for one-on-one discussions with AUSTRAC representatives.
ASIC Launches New AFS Licensing Portal - ASIC has launched a new digital portal to streamline the process of applying for an Australian Financial Services (AFS) licence. Organisations must register via the ASIC Regulatory Portal to apply. A demonstration video is available on ASIC’s website.
DSB CDR Implementation Call - The next CDR Implementation Call is planned for the 8th of May. Implementation calls are held weekly, enabling all community members access to subject matter experts from the ACCC and the Data Standards Body.
We recently made submissions on:
Consultation Paper 382: Low cost credit contracts & Draft RG 000 Low cost credit contract
Review of Merchant Card Payment Costs and Surcharging - Issues Paper
Consumer Data Right Rules – Non-Bank Lending and Banking Data Scope Consultation
See our recent submissions on our website.
FinTech Australia regularly makes submissions to consultations across a wide range of policy and regulatory issues. Communications about how to get involved in these processes are distributed to our Policy Working Group membership.
Upcoming Events
Save the dates for our events in 2025!
Mark your calendars and reach out to the team if you have any enquiries or would like to support any of these events.
Banking Reverse Pitch in collaboration with Beyond Bank, Citi and x15ventures — Registrations are open, join us May 13.
The Finnies - Get tickets to the awards gala night today.
🗓 Thursday, 26 June 2025
📍 Doltone House Jones Bay Wharf, Pyrmont, NSW
CDR Summit — Tickets are now on sale and speaking opportunities are open until May 11, 2025.
🗓 Wednesday, 17 July 2025
📍The Hilton, Sydney, NSW
Events and opportunities from the community
Stone & Chalk's Ecosystem Mixer - FinTech — 8 May 2025, Stone & Chalk Melbourne.
BPC Webinar | Driving Innovation Through Modernisation — 20 May 2025
AML Unplugged by ComplyAdvantage — 21 May 2025, Capella Sydney
Are you looking to expand to the UK? Join Scaling to the UK, by Oury Clark, 22 May 2025, Sydney
Leveraging Alternative Debt for Growth: Strategies for Emerging FinTechs and SMEs in 2025, hosted by Rixon Capital and Hamilton Locke — May 28, 2025.
IDmeta AML Compliance Unlocked — 28 May 2025, Cornwalls Melbourne
Dubai Fintech Summit 2025 — 12-13 May 2025, Madinat Jumeirah, Dubai
Money20/20 Europe — 3-5 June 2025, The RAI, Amsterdam.
Stripe Online Event | Financial infrastructure as a catalyst for growth — 5 June 2025
TechDiversity Awards 2025— 14 August 2025, Sofitel Melbourne
Calling for startups! EPIC 2025 Opens Application with USD 100M Investment Up for Grab. Learn more here.
For all events and opportunities from the community, click here.
Community Updates
Don’t miss all the news and insights from our members and corporate partners from our newsroom.
Bluline Technologies was founded by engineers who experienced firsthand the challenges of banking remediation. What began as a mission to solve one problem for one bank quickly grew into a purpose-built platform reshaping how the financial services industry handles remediation, through an end-to-end automation solution. Learn more about Bluline through our Member Spotlight.
Dubai AI Festival kicks off to accelerate global dialogue on artificial intelligence. Read More.
Uno Digital Bank Implements pennApps Lending Factory to Redefine its Lending Operations for the future. Read More.
Sensiba Acquires AssuranceLab to Fuel Innovation in Global Cybersecurity and Risk Assurance. Read More.
MONEYME loan book reaches $1.5bn, originations up 65% on pcp. Read More.
Wisr delivers strong growth and upgrades FY25 guidance. Read More.
Novatti joins Care Economy CRC to drive innovation and efficiency in Australia's $327 Billion care sector. Read More.
Backbase launches world’s first AI-powered Banking Platform, putting banks back in Growth Mode. Read More.
Trusted by Australian SMEs: Budgetly’s Award-Winning 2025 Platform. Read More.
Kraken expands beyond crypto: Announcing U.S.-listed stock and ETF trading. Read More.
Hello Clever Launches Embedded Loyalty API to Simplify Rewards: We Took the Best Part of Loyalty and API’d It. Read More.
LENSELL and FinSharpe Announce Strategic Partnership to Enable Cross-Border Investment Technology. Read More.
RedZed enhances broker experience with groundbreaking serviceability platform, powered by Quickli. Read More.
GBST unveils enhanced WealthConnect platform to help advisory firms scale and streamline operations. Read More.
Local R&D finance firm, Advanced, raises $25 million for Aussie startups and a big hairy audacious goal of its own. Read More.
Shaype: Shayping the future of financial experiences. Read More.
Whitepaper and Guides
Bluline Whitepaper: Unlocking Smarter Remediation. Read More.
Navigating the Cost-of-Living Crisis — How Launtel & Monoova are helping Australians stay connected. Read More.
Budgetly Guide — How AI helps Australian SME’s manage expenses and eliminate overspending. Read More.
For more news from the community, see here.
New Members
Let's welcome FinTech Australia's new members! 🎉
FinTech Australia's Podcast
Listen to the challenges, opportunities, and stories from our community faces across the fintech industry in Australia! 🇦🇺
Have you hear about our podcast revamp? The podcast features a panel-type discussions where you can nominate speakers and choose thought-provoking topics that matter to the fintech community. Express your interest here.
