FinTech Voice, July 18, 2024

Hi FinTech Community,

In case you've missed, Minister Stephen Jones will be speaking on CDR at the CEDA event. If CDR is relevant for you, I encourage you to participate so he hears from the community.

Separately, FinTech Australia will be speaking with the Attorney-General’s Department about the submission to the Review of Australia’s Credit Reporting Framework. We have also been invited to provide evidence at the Senate Standing Committee on Economics hearing about the BNPL Bill. 

If you haven't seen it yet, we've launched a high-level agenda for Intersekt 2024. Additionally, early bird ticket sales will end this Friday, July 19 at 5 PM. 

Lastly, we're looking at supporting delegations to a few global fintech events including Las Vegas, Singapore, India and more. If you are interested, please reach out to us.

Kind regards,

Rehan D’Almeida,

Chief Executive Officer,

FinTech Australia


Policy Update

National Artificial Intelligence Centre moves to the Department of Industry, Science and Resources

Following the 2024-2025 May Budget, a decision to move the centre from CSIRO (Commonwealth Scientific and Industrial Research Organisation) to the Department of Industry and Science.  The National AI Centre (NAIC) is now the Australian Government's flagship organisation in AI for collaborations from researchers, academics and the industry. 

This move from the Department of Industry, Science and Resources is in line with Budget measure and aims to link AI advice across the Government.

We recently made submissions on:

  1. Reforming Australia’s AML and CTF Regime

  2. Review of Australia’s Credit Reporting Framework

  3. Credit Reporting Code variations consultation

  4. Buy Now Pay Later regulatory reforms

  5. NSW Innovation Blueprint

  6. ACCC Designated Complaints determination

  7. Inquiry into Payments Systems (Regulation) Act amendments

  8. Payments System Modernisation (Regulation of Payment Service Providers) consultation paper

  9. 2024–25 Pre-Budget submission

  10. Regulating Digital Asset Platforms - Proposals Paper

See our recent submissions on our website.

FinTech Australia regularly makes submissions to consultations across a wide range of policy and regulatory issues. Communications about how to get involved in these processes are distributed to our Policy Working Group membership.


Upcoming Events & Opportunities

Events and opportunities from FinTech Australia and the community!

  • Intersekt Festival is happening on the 18 -19th of September this year! Check out the high-level agenda we've released and get your early bird tickets today.

  • Stripe Tour is coming down to Sydney again this year! Hear from both industry experts and fast-growing Stripe users on how to drive customer value, adapt quickly to economic and technological changes, and ensure longevity in the marketplace.

  • Join CEDA and Assistant Treasurer Stephen Jones MP in Sydney for his first major speech on CDR since June 2023 to discuss the strategic assessment of the CDR, learnings from industry consultations undertaken over the past 12 months, and focus areas for current CDR participants.

  • The Arca Credit Summit brings together professionals in credit risk, data tech and compliance. Hear from the foremost experts about cutting edge developments, regulatory challenges and different industry practices. 

  • Business NSW is hosting a senior Indian Financial Services Centre delegation to meet with Australian financial services, regulatory agencies and technology companies interested in understanding the opportunities in the world's next significant International Financial Services Centre being established in the Gujarat International Financial Technology City (GIFT City).

Opportunities to not miss

For more events from the community, see here.


Community Updates

Don’t miss all the news and insights from our members and corporate partners from our newsroom.

  • HSBC Partnered with Visa to Develop Zing International Money App. Read More.

  • In an era where convenience and personalisation are baseline expectations, Open is leading the charge in transforming the insurance landscape. Learn more about Open from our most recent Member Spotlight article.

  • BR-DGE Unleashes White-Label Modular Solution, Empowering Acquirers, Gateways & Platforms with New Competitive Strengths. Read More or watch webinar.

  • $30bn in lost interest earnings every year: discover how to get your share back! Read More.

  • GBST secures major win with Invest Blue’s selection of its WealthConnect practice management solution. Read More.

For more news from the community, see here.


New Members

Let's welcome FinTech Australia's new members! 🎉


FinTech Australia's Podcast

Listen to the challenges, opportunities, and stories from our community faces across the fintech industry in Australia! 🇦🇺

In our newest podcast episode, we had the opportunity to chat with Steve Kemp, Head of Financial Institutions Partnerships APAC and Emerging Markets, at Intuit, about the Consumer Data Right following the recent CDR Summit 🚀

We explored the role of AI in powering insights from CDR data and the challenges of making CDR fully accessible and seamless for all Australians.

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Monoova joins Guidewire’s solution ecosystem to “future-proof” Australian insurance industry payments

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Arctic Intelligence Forges Strategic Alliance with Jade ThirdEye