Author: Fintech Australia Newsroom

FinTech Indonesia signs collaboration agreement with FinTech Australia

The peak financial technology (fintech) industry bodies in Indonesia and Australia have signed a landmark agreement to help drive exchanges of talent and expertise between the two growing fintech markets.

Signed on 1 December, the memorandum of understanding between FinTech Australia and FinTech Indonesia is regarded as an important step to drive the mutual development and growth of fintech industries across both jurisdictions.

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Regulatory pathway for new banking entrants is welcome but could be improved: FinTech Australia

A proposed new regulatory pathway to allow the creation of Australian challenger banks is a welcome move but does require some improvements, according to the peak body for the nation’s fintech industry.

FinTech Australia has lodged a submission with the Australian Prudential Regulation Authority (APRA) in response to its discussion paper, entitled “A phased approach to authorising new entrants to the banking industry”.

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Sponsor our end of year infographic and opinion piece

We have an opportunity for a fintech community leader to sponsor our end-of-year infographic and opinion piece, which will outline the industry’s achievements during the second half of 2017 and predictions for 2018.

Our half-year infographic, published in August, (pictured left) received widespread domestic and international media, and social media attention.

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Comment on Australian Securities Exchange decision to use distributed ledger technology

Below is a comment given to The Australian newspaper on the decision by the Australian Securities Exchange to use distributed ledger technology for its settlement and clearing system for equities transactions.

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When it comes to blockchain and distributed ledger technology, Australia is going beyond the hype and instead developing real solutions and governance for this technology. The ASX announcement is further evidence of this.

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Australian fintech industry welcomes passage of anti-money laundering legislation for digital currencies

Australia is set to further grow its world-leading blockchain and digital currency industry following the Australian Parliament’s approval of anti-money laundering legislation last night, according to Australian fintech leaders.

The Australian Senate passed legislation extending anti-money laundering and counter-terrorism financing regulation to digital currency exchanges.

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