FinTech Voice, February 1, 2024
Hi Community,
Three key initiatives to kickstart the year!
Our first event of the year, 'FinTech at Parliament House' in Canberra is just a week away.
The 'Banking Reverse Pitch' launched today! ANZ and Westpac released problem statements on topics like sustainability, fraud & scams, and payments for startups to propose their solutions. We will also have the Banking Reverse Pitch Night on the 21st of February where the banks will pitch their statements live.
Finnies applications open today! Get your applications ready and save the date for the biggest night in fintech - June 6, 2024. This time, in Sydney!
We also have a few other key initiatives planned such as 'FinTech for Net Zero'. We look forward to your participation and support
Kind regards,
Rehan D’Almeida,
General Manager,
FinTech Australia
Policy Update
FinTech at Parliament House
Next Wednesday we will host members and partners for our inaugural FinTech at Parliament House event in Canberra.
The evening serves as the launch for the ‘Parliamentary Friends of FinTech’ group, a non-partisan forum for parliamentarians co-chaired by Dr Daniel Mulino MP and Senator Andrew Bragg.
Attendees will have the opportunity to engage with parliamentarians and staff to showcase fintech's positive impact on the Australian economy and discuss current challenges facing the sector.
Payments licensing roundtable with Treasury
On Monday we held a roundtable Q&A session with Treasury's payments policy team to discuss the ongoing payments licensing framework consultation.
Members had the opportunity to put questions to the Treasury team about the proposed reforms. We are currently finalising our FinTech Australia submission which has been informed by a series of group discussions with members. If you have any late feedback to incorporate, please reach out.
We are currently working on the submission to:
We recently made submissions on:
Reforms to the Payment Systems (Regulation) Act 1998 – Exposure draft legislation consultation
CDR Consent Review and operational enhancements design papers
Modernising Australia's anti-money laundering and counter-terrorism financing consultation.
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
Join some exciting events from FinTech Australia and the community in the upcoming weeks!
FinTech at Parliament House
🗓 Wednesday, 7 February 2024, 5.30 PM
📍 Mural Hall, Parliament House, Canberra, ACT
TechVisa Free Webinar "Scaling Success: From the UK to Australia"
🗓 Wednesday, 7 February 2024, 5.30 PM
🗓 Tuesday, 13 February 2024, 11 AM - 7 PM
— If you are an entrepreneur and would like to join the pitch competition, apply here
🗓 Tuesday, 27 February 2024, 6 - 8.30 PM
For more events and opportunities from the community, click here.
Community Updates
📰 Don’t miss all the news and insights from our members and corporate partners from our newsroom.
Stake appoints new CEO as it scales to greater heights. Read More.
Australian audit firm goes global with its first North American hires. Read More.
Suppliers can now extend TreviPay's trade credit financing and invoicing to more business buyers. Read More.
Fortune Prime Global partners with TRAction to Streamline ASIC Reporting for Forex and CFD Trading. Read More.
Leading AI decisioning platform Rich Data Co appoints first CISO — digital banking information security expert Dr Kevin Tham. Read More.
A new caravan on the spot?! MONEYME signs exclusive deal with Snowy River for caravan financing. Read More.
Prospa to acquire Australian business loan portfolio from Zip Business Pty Ltd. Read More.
For more news, click 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 most recent Business Spotlight episode, we had the chance to dive deep in a discussion with Karl Durrance, Managing Director ANZ at Stripe, on the business' goals, what they are doing locally, and how they are involved in the fintech ecosystem in Australia.
