FinTech Australia today welcomed a major report which shows that Australia has among the best fintech market penetration in the world, ahead of other advanced markets such as Hong Kong, Singapore and the United States.
New research will aim to establish current trends and best practice in the growing fintech lending market to small and medium-size enterprises (SME).
Fintech small business lenders will be surveyed as part of a collaborative research project by the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) with industry organisation FinTech Australia and independent SME finance expert Neil Slonim from the BankDoctor.org.
Australia’s fintech industry body today released its first member ecosystem map, which helps build domestic and international understanding of the nation’s fintech strengths and diversity, particularly in wealth generation and lending.
The map lists 119 members of FinTech Australia, along with the nation’s key financial services regulators.
“The map is arguably the best visual representation yet of our fintech industry, which is the largest startup sub-sector in Australia according to the most recent Startup Muster survey,” said FinTech Australia CEO Danielle Szetho.
Australian fintech industry leaders today announced that Melbourne would later this year host a week-long fintech festival, which is expected to be the most influential event of its type in the Asia-Pacific region. Read more
Two new reports from Australian government’s leading data innovation research group could cement the country’s position as a world leader in blockchain innovation and development, according to industry group FinTech Australia. Read more
FinTech Australia members have elected a new board, in line with constitutional changes to ensure gender diversity and representation from a broad number of States are key ongoing planks of the organisation’s governance. Read more