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.

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Member Spotlight: Look Who’s Charging, partnering with financial institutions

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Five FinTechs on Friday – August 28

It’s that time of the week again, when all eyes are on the five fintechs we highlight. This week we have fintechs to help businesses and individuals with better payment terms, insurance options within credit cards and lending selection. Also a fintech helping government be more digitally efficitent and one helping financial institutes reduce regulatory risk. Read more below.

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Five FinTechs on Friday – August 21

Another exciting Friday with fintechs that have built innovative solutions including micro-investing into your super, financing your next car purchase, using AI to understand consumer bank statements, delivering CDR expertise, enabling capital raising through crowdfunding through tokenised interests. More below.

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Member Spotlight: ComplyAdvantage, Trust in AML/CTF compliance

Tackling financial crime has been an issue that has repeatedly been the subject of media, government and public attention in the wake of the Banking Royal Commission, and Westpac’s  subsequent 23 million breaches of the AML/CTF Act. 

Some of the worst atrocities on Earth—terrorism, human trafficking and sexual exploitation— are funded by financial crime. Financial crime can only be eliminated when financial institutions have the data and technology necessary to flag and revoke criminals’ access to the financial system. At its core, until organizations have access to a robust and comprehensive database of external risk indicators, technology can only go so far. Significant steps have been taken on the technology side to stop financial crime where it has not been solved anywhere before – but the problem the industry faces remains a significant one for companies like ComplyAdvantage to fix.

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AWS FinTech Mentorship Day

Join us on August 26 as we partner with AWS to bring you the AWS FinTech Mentorship Day. This is an opportunity for fintech startups to engage in mentor sessions to discuss key challenges and FinTech best practices with startup experts and their peers.

https://awsfintechmentorshipdayaug2020.splashthat.com/

Five FinTechs on Friday – August 14

Exciting fintechs this Friday include providers of data management tools, Identity verification tools, neobanking, payments solutions and wealth tech business offerings. Check them all out below.

P.S. Census Reminder – we need your support and insights. Will only take 15 minutes. The Census informs our dealings with policy makers and the media. It lends our commentary and policy suggestions weight as it allows us to demonstrate that our key points truly reflect the views of the ecosystem.

P.P.S – The Finnie awards, recognising achievements in 19 categories in fintech, is nearing its application close date – 23:59 pm Sunday, 23 August. Apply for your fintech before entries close!

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FinTech Voice: August 13

 

Dear Community,

I would like to specifically acknowledge our community in Melbourne who are going through a very unique and uncertain time. As a Melbourne headquartered company – we feel your pain and the impact of the shutdowns. I would also like to reiterate to all members that you are always welcome to email us.

Planning is well underway for the virtual finnies the application close date is fast approaching with only 1 week left.  We encourage everyone to apply and finalise your applications this week to avoid missing out! This week we once again have a wealth of updates for you regarding policy work, events, and opportunities.

We are also in the process of revamping our policy working groups, making it easier for you to receive information and keep track of all a working group’s progress. Stay tuned for more information soon.

Policy

Yesterday, we hosted a Roundtable with the NPP to discuss an update on the take up and usage of the NPP and the NPP’s roadmap and future capability development. We will also be hosting a Roundtable with AFCA on 10 September to discuss AFCA in respect of their reasoning, fairness and procedural operations. In terms of policy work, we have submitted finalised submissions to the ACCC in respect of the CDR Intermediaries consultation, and to ASIC regarding their informal Enhanced Regulatory Sandbox consultation. We are also currently working with our Blockchain and Digital Currency policy working group in respect to deregulation, and the future of the blockchain roadmap.

Last week I also attended the RDTI Industry Roundtable. Numerous items were discussed but more importantly a discussion was had on R&D and Covid19. We made it clear the importance of R&D for many fintech startups in predicting and there ongoing runway. In addition, we raised points including bi-annual payments, quick and timely payments and the onerous process that it is to claim.

Community Initiatives

Thank you to Entersoft for sponsoring this week’s newsletter. Your support of FinTech Australia and the broader fintech ecosystem is greatly appreciated. We would also like to welcome Payright, Siss Data Services, Valiant Finance and Advisor Ratings as our newest members!

Over the past two weeks, our Five Fintechs on Fridays has featured Cake, Octet, Bizcap, Fractal ad Paycepaid and Birchal, Indebted, Harmoney, Transferwise, and Shift Payments. If you would like to be involved in the next edition as a listed fintech, or sponsor please let us know by reaching out to [email protected].

If you need to chat or want to discuss anything, please feel free to send me an email.

Regards,

Rebecca Schot-Guppy,
CEO
FinTech Australia

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Five FinTechs on Friday – August 7

This Friday we cover fintechs in equity crowdfunding, digital-first collections service, trade credit, p2p lending and global money transfers. Check them all out below.

P.S. Census Reminder – we need your support and insights. Will only take 15 minutes. The Census informs our dealings with policy makers and the media. It lends our commentary and policy suggestions weight as it allows us to demonstrate that our key points truly reflect the views of the ecosystem.

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FinTech Voice, July 30 2020

Dear Community,

We hope everyone is well as we start to approach Finnies season! With only 3 weeks to go until applications close, we encourage all fintechs to apply to have a chance to have your talent and hard work recognised at Australia’s largest fintech awards. Expect to hear our big announcement about the Finnies soon. This week we have a wealth of updates for you regarding our policy work, events, and opportunities.

 

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Five FinTechs on Friday – July 31

This Friday we cover fintechs that can support your business – streamlining capital raising, lending for SMEs, financing for businesses, executing payments for SMEs and managing account receivables.

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Member Success

Fintech continues to grow. Companies in our sector continue to build, hire and serve as a shining example for the government on just how resilient our sector is. A snapshot of our members’ success can be seen below.

As the industry’s peak body, we serve a much broader role than as an industry champion. Working with the board, we have developed three new pillars which will guide our future activities. They are:

Advocate and promote: FinTech Australia will continue to advocate for members in public forums and with policy makers. We will also continue our work promoting the ecosystem and all of its players as broadly as possible.

Engage and connect: Engage directly with members and with relevant partners for the ecosystem and help connect our members where possible to strengthen their growth.

Grow: Strengthen our ecosystem and community, and build awareness of it both locally and internationally. (more…)

Five FinTechs on Friday – July 24

#Sponsored
#Sponsored
ID Exchange presents SISS Data Services Product Data API for banks and ADIs to compete in Open Banking with cost effective turn-key solutions.
Special offer | for banks or ADIs that contact SISS they will populate one of your products in their sandbox testing environment, at no cost to you.

View Here

This Friday we cover a client portal for accountants and advisers, an augmented data management platform for insurance companies, a unique fintech in healthcare for healthcare providers, insurers and patients, a frictionless finance solution for home improvement promoting green energy and an online investment adviser and fund manager.
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Member Spotlight: Medipass, a Healthtech Fintech

For this week’s Member Spotlight we spoke to Jonathan (Jon) Davey CEO of Medipass. Jon has joined Medipass from NAB where he was Executive General Manager of Digital, Innovation and Customer Experience. Medipass is an e-payments company uniquely positioned at the intersection of Fintech and Healthtech. We spoke to Jon about Medipass’ journey, the impact of COVID-19 and his future plans for the business. (more…)

Five FinTechs on Friday – July 17

#Sponsored
#Sponsored
ID Exchange presents SISS Data Services Product Data API for banks and ADIs to compete in Open Banking with cost effective turn-key solutions.
Special offer | for banks or ADIs that contact SISS they will populate one of your products in their sandbox testing environment, at no cost to you.

Register Here

 

Three consumer focused fintechs – a consumer driven rewards platform, Australia’s first mobile only digital bank and a home loans provider that helps consumers save on costs. One of the two business focused fintechs uses AI and ML to disrupt bookkeeping and the other automates how businesses receive, manage and pay funds.
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