Two Melbourne-based app developers have won a small business-focused open data hackathon which kicked off Australia’s Intersekt fintech festival and illustrated the strong benefits of collaboration between major banks and the fintech community.
On Thursday, 2 November, it’s finally showtime at the Collab/Collide Summit and there’s a great line-up of speakers and panel sessions to attract the attention of delegates on day one.
If anything, there’s too much choice on offer, making it difficult to decide which session to attend or which speaker to absorb.
So we’ve made it easier and published our inside tips on the day.
FinTech Australia has published a new member ecosystem map which illustrates the extraordinary growth in Australia’s fintech industry in just four months.
Published at the start of Intersekt – Australia’s inaugural fintech festival being held in Melbourne – the map represents the most fine-grained analysis of Australia’s fintech industry.
Applications close on October 30th for FUELD, Westpac’s data accelerator program.
Eight data-focused teams will form an elite cohort, working through a 12-week mentorship program inside Stone & Chalk Sydney. They will receive $50,000 in investment via a SAFE note, $100,000 in hosting from Amazon Web Services, introductions to potential customers and relevant experts, free access to anonymised, tokenised Westpac Group data, along with negotiated access to other data sources through the Data Republic platform. Read more
Australia’s fintech companies are coming together with one of the nation’s ‘big four’ banks to help small businesses unleash the power of data so they can access new markets and cut administrative red tape.
With insurtech starting to enjoy rapid growth in Australia, Insurtech Australia today announces its formation as a new industry association dedicated to the advancement of insurance innovation and insurtech startups.
Insurtech Australia is being created as a standalone division of Fintech Australia, the association for Australian fintech startups. As a national, not-for-profit organisation, it will focus on representing insurtech startups, insurers, reinsurers and brokers and other insurance related disciplines, such as health, wellbeing, data and analytics, machine learning, IoT and telematics.
The Australian Government’s passage of legislation to remove double taxation on digital currencies is a welcome step and signifies the growing maturity of Australia’s fintech policy environment, according to Australian fintech industry leaders.