FinTech Australia supports crucial moves to increase banking competition

Australias fintech industry today threw its support behind proposals to increase banking competition by making it easier for new market entrants to get bank licences and access bank-held customer financial data. (more…)

Statement by FinTech Australia on comments by Ed Husic, MP

FinTech Australia has always been, and remains, fiercely apolitical.

If we think a proposal hurts the fintech industry, then we will state it – irrespective of its origin. (more…)

Equity crowd-funding legislation set to create jobs, growth

The peak body for Australias fintech industry today welcomed the approval of new equity crowd-sourcing laws and confirmed the changes would provide a major new avenue to allow companies to grow and create jobs. (more…)

Sydney surfer startup founder is behind the world-hit contactless payment sunglasses

An Australian startup has been revealed as the key technology partner of new contactless payment sunglasses which have led to a world sensation after being unveiled at the iconic South by Southwest (SXSW) Festival. (more…)

Australia in strong global blockchain position following release of standards roadmap

Australian fintech companies were in the box seat to take advantage of blockchain technology, following the release of an important standards roadmap, the peak body for Australias fintech industry said today. (more…)

A briefing note from Grant Thornton on the ATO's recent R&D Tax Incentive Alert

FinTech Australia’s Accounting Partner Grant Thornton¬†have provided the below commentary and guidance for our Members on the ATO’s recent ruling on what might be claimed as part of the R&D Tax Incentive. (more…)

Press Release: Launch of 2016-2017 Asia Pacific Alternative Finance Benchmarking Report

The below Press Release has been republished on behalf of the Australian Centre of Financial Studies at Monash University, and its partners. (more…)

Consumer choice key to financial open data revolution, policy roundtable hears

Greater consumer choice and a stronger Australian financial services industry will flow from proposed reforms to make it easier for customers to access their data, a major policy roundtable has heard. (more…)

Inaugural industry-backed fintech awards launched to showcase excellence

The fintech industry and the NSW Government-backed Jobs for NSW have come together to launch new awards to celebrate the world-class achievements of Australias financial technology pioneers. (more…)

FinTech Australia renews call for additional tax benefits for startup collaboration following release of major innovation review

Australias fintech community today renewed its call for additional tax benefits for companies and research institutions that collaborate with startups to create growth and jobs, in the wake of the release of a major review into Australias innovation eco-system. (more…)

Call to Action: National e-Invoicing Framework

National e-Invoicing Framework – RESTful specifications

The Digital Business Council, with the support of the Australian Taxation Office and the Federal Department of Industry Innovation and Science, has established a national e-invoicing framework with a view to improving productivity for Australian business. (more…)

Full Profile's AgriDigital successfully executes world's first settlement of an agricultural commodity on a blockchain

AgriDigital has successfully executed the worlds first-ever live settlement of a physical commodity on a blockchain between a grower and a buyer.
Real-time payment has huge implications for the agri-supply chain as it eliminates the counterparty risk that all sellers face. (more…)

FinTech Australia welcomes the introduction of bill to improve Crowd-sourced Equity Funding Legislation

Today a new bill has been introduced into parliament aimed at improving Australias recently created Crowd-sourced Equity Funding, or Equity Crowdfunding legislation. FinTech Australia welcomes the introduction of this bill, which represents a substantial step forward in making Australia internationally competitive in this vitally important area. (more…)

FinTech Australia welcomes direction of reforms proposed in Productivity Commission Draft Report to put consumers in control

Last week, the Productivity Commission released its draft report into Data Availability and Use. The research examines the costs and benefits of unlocking data held by the public and private sector, and of providing consumers with more transparency and control over Data. This in turn empowers consumers to make more informed decisions, and creates a more efficient, competitive business landscape. (more…)

FinTech Australia supports implementation of new AML/CTF framework

Australias growing FinTech sector is reliant on an efficient and quick implementation of the new Anti-Money Laundering and Counter-Terrorism financing Act, Rules and Regulations (AML/CTF Regime) which should make provisions for new technologies such as digital currencies, digital currency exchanges and digital wallets. (more…)