Australia Makes Top 10 In Global Fintech Standings

(13th) and Melbourne (32) outperform major centres in the first  global fintech index covering more than 230 cities across 65 countries
SYDNEY, 4 DECEMBER 2019: Australia’s positive initiatives to establish and grow its fintech sector is paying dividends. The country ranks eighth in the Global Fintech Index City Rankings 2020 which evaluates the fintech ecosystems of more than 230 cities across 65 countries. Australia’s leading cities for fintech are Sydney – in 13th position, second only to Singapore in the Asia Pacific region – and Melbourne 32nd. (more…)

How banks are partnering with fintechs on deciphering transaction data

Responsible lending practices are back in the headlines, and once again Australias major banks are under fire.

In statements to ASIC, all major banks inferred that using transaction data to access loans is an expensive and risky exercise.

What wasnt reported, however, is that all major banks are leveraging partnerships with fintechs to quickly build out this capability.

Behind the headline, this is yet another story of bank and fintech partnerships working towards better outcomes for society.

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2017 EY FinTech Australia Census key findings

This fact sheet summarises some of the key findings from the 2017 EY FinTech Australia Census

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Australian fintech industry backs mandated positive credit reporting

The Australian Governments decision to mandate a comprehensive credit reporting regime should help Australian borrowers get a better deal from lenders and has followed strong leadership from Australias fintech industry. (more…)

FinTech Australia welcomes new ASIC chair

FinTech Australia today warmly welcomed the new chair of the Australian Securities and Investments Commission (ASIC), Mr James Shipton.

Mr Shipton clearly brings extensive regulatory and financial market knowledge to the position. He also has detailed international experience, which will be a huge asset when it comes to promoting Australias interests in the global arena,” said FinTech Australia CEO Danielle Szetho.

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Bid to make Australia a world hub for startup entrepreneurs

A startup industry push is underway to relax current unnecessary visa red tape so that Australia can become a world melting pot for early stage entrepreneurs.

This follows the experience of Sydney-based startup accelerator H2 Ventures, which has been able to attract a group of young international entrepreneurs in its most recent intake.

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Announcing the 2016 FinTech Australia Census

FinTech Australia and our great partners, EY Sweeney, are pleased to launch the inaugural FinTech Australia Census.

This Census is the first of its kind – a National, in-depth survey of FinTech Startups, examining FinTech-specific challenges such as licensing, bank partnerships and effectiveness of FinTech-specific Government initiatives. (more…)