The Australian Small Business and Family Enterprise Ombudsman, FinTech Australia and theBankDoctor.org today joined forces to release a report which outlines the steps taken by fintech lenders to increase transparency and disclosure.
Below are some significant announcements from our members during the month of February 2018:
It was always on the cards that the first two weeks of February 2018 were going to be an important time for the Australian fintech industry.
With the Australian Parliament returning from its summer hiatus, and a number of important reports expected to be released, there was a feeling that some fintech-friendly announcements were coming our way.
Fintech ties between Australia and the United Kingdom were strengthened last week when the London Lord Mayor Charles Bowman travelled down under with a fintech business delegation.
Mr Bowman met with various government and business leaders, regulators, and trade bodies in Sydney, Canberra and Melbourne. He discussed his plans for the City of London to be a home away home for Australian fintech startups.
FinTech Australia today welcomed news that the Australian Government will legislate to empower customers by requiring banks to allow these customers to access their own data.
“An open banking regime is key to giving consumers more choice of financial services providers, a greater understanding of their financial standing and overall more control over their financial future,” said FinTech Australia chair Stuart Stoyan.
Australia’s fintech industry today called for the speedy approval and implementation of private company equity crowdfunding legislation to help more Australian small-to-medium sized businesses to access the funds they need to grow.