Industry Updates: Delegation to the UK and big policy wins!

It’s already mid-February and there is a lot of positive noise about fintech in the community, parliament and the papers. The first of what we hope will be policy inroads for the fintech community passed this week being the Treasury Laws Amendment (2018 Measures No 2) Bill 2019. The bill allows for the regulatory sandbox to be expanded and for an increased testing period to help fintechs create a minimum viable product to take to market.  Thank you to everyone that has been involved in getting this important piece of legislation passed.

We have so much on the horizon to look forward to – from the Senate Inquiry hearings to two roundtables with Treasury, Regulators and members, and two new submissions.

We have generated significant interest from corporates and fintechs for Finnie awards and Intersekt conference. If you like more information about the sponsorships, reach out to Rehan..

Delegation to the UK with DIT 

We are proud to celebrate the 2-year anniversary of the UK-Australia FinTech Bridge, as such, we will be leading a trade mission to Innovate Finance Global Summit (IFGS), supported by UKDIT on 20 – 23 April 2020.

This is a unique opportunity for fintechs to meet and network with UK’s leading financial services ecosystem and participate in a program curated by DIT.

Click here to learn more and apply.

Senate Inquiry 

Promising conversations have been circulating regarding the Select Senate Inquiry with numerous mentions in the AFR and The Australian. We continue to be involved in as many roundtables as possible to present our members’ views in an informal setting.

We will also present our submission and answer any questions before the Senate on 28 February in Canberra.

Airwallex & Visa Partnership

Congratulations to Airwallex on releasing their first partnership product with Visa. Read more about their story in the Members Showcase section below.

Rebecca Schot-Guppy,

General Manager
FinTech Australia

 

 

 

R&D

 

 

 

On 6 February 2020, the Senate referred the provisions of the Treasury Laws Amendment (Research and Development Tax Incentive) Bill 2019 (the bill) to the Senate Economics Legislation Committee for inquiry and report by 30 April 2020.

The bill contains three schedules and implements the legislative measure ‘better targeting the research and development tax incentive’ from the 2018 19 Budget, with amendments re: the application date and tax offsets.

We will be making a submission before the close date – 6 March 2020.

 

 

 

RBA’s Review into Retail Payments

 

 

 

The review, concerns primarily with card scheme payments, is intended to be broader-ranging and to consider whether there are any gaps in the payments system that should be addressed, as well as whether there are any regulatory issues arising outside of the narrower topic of card payments

The review paper released by the RBA can be found here: https://www.rba.gov.au/payments-and-infrastructure/review-of-retail-payments-regulation/pdf/review-of-retail-payments-regulation-issues-paper-nov-2019.pdf

We are working with members for feedback and comments to our submission.

 

 

 

Open Banking Update

 

 

 

We have been working with our open data working group on the ACCC consultation on access to third parties (intermediaries) to the CDR framework.

For ongoing updates on policy and discounts to our events, sign up as a Friend of FinTech Australia member for as low as $150 per year. All the benefits here.

 

 

 

Become a Member
 

 

 

 

As a member, if you wish to share any news or announcements that you would like us to promote on our next newsletter, please email us at hello@fintechaustralia.org.au.

 

 

 

 

 

 

Setting up your business in North America: Consider Canada

The Digital Finance Institute (DFI) is a global technology think tank based in Canada. Ellis heads the Institute’s key initiatives — from building partnerships, supporting innovation development, growing the Canadian FinTech & AI communities, and managing international affairs. Events will be held in Brisbane, Melbourne and Sydney.Hear from Canada’s first Chief AI Officer, Ellis Odynn, about Canada’s advantage to launch your operations in North America.

 

 

India FinTech Festival

FF will be the yearly marquee event for FinTech in India. In 2020 it will target to host 5000+ FinTech delegates from 25+ countries comprising of 500+ FinTech start-ups, regulators, key financial institutes, tech companies, governments, industry bodies, corporates and students. 
Check out the India FinTech Festival Expo Deck here.March 4th-5th 2020
MMRDA Grounds
Mumbai, IndiaIf you are interested in this opportunity, please contact Rehan so that we can help build out a program for you.

 

 

 

#ACCELERATERegTech 2020 

 

#ACCELERATERegTech 2020 is the premier RegTech event being run by The RegTech Association on 17 March in Sydney. The event will enable professionals to network with 400+ attendees from across the RegTech ecosystem and hear from thought leaders examining current regulatory and compliance challenges.
March 17th 2020
Doltone House, Pyrmont
Sydney, Australia

 

 

Venture Summit | West 

If you’re a Fintech startup seeking capital and exposure, or an investor seeking new deals, Venture Summit West is the event of the year you won’t want to miss.

Meet, interact and network with more than 1,300 VCs, Corporate VCs, angel investors, industry execs and founders of venture-backed, emerging and early-stage companies.

March 23th-24th 2020
Santa Clara Convention Center
Silicon Valley, USA

 

 

 

QODE Brisbane 2020

 

QODE presents a highly curated two-day program with global experts and thought leaders that discuss major trends and issues, driven or affected heavily by technology.
March 24th – 25th 2020
Brisbane, Australia

 

 

 

 

 

 

@ausfintech @ausfintech

 

 

FinTech Australia FinTech Australia

 

 

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