FinTech Voice, February 13, 2025

Hi FinTech Australia Community,

Finnies Award Entries are open! We’ve announced 4 new categories including excellence in green finance and AI, making this our largest refresh of the award categories to date. Submit your entries by March 25, 2025.

Also join us for the Melbourne Summer Drinks sponsored by Archa on the 19th of February.

Kind regards,

Rehan D’Almeida,

Chief Executive Officer,

FinTech Australia

Policy Update

Buy Now Pay Later (BNPL) – Draft Regulations 2025

The government is seeking feedback on the National Consumer Credit Protection Amendment (Low Cost Credit) Regulations 2025 (the draft Regulations). These regulations support the Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Act 2024, which was recently passed by Parliament.

This consultation serves as a technical feedback to ensure that the regulations align with the intended policy framework of the regime. Treasury does not anticipate any substantive changes to these regulations as a result of this consultation.

Submissions are open until 12 February 2025. Please contact our policy team if you'd like to make a submission.

ASIC invites feedback on BNPL regulatory guidance

ASIC is seeking feedback from Buy Now Pay Later (BNPL) providers on its proposed regulatory guidance for the industry, following obligations from 10 June 2025, including the modified responsible lending obligations in Chapter 3 of the National Consumer Credit Protection Act 2009. The draft paper is aiming to assist BNPL providers in understanding the key obligations, including compliance with the modified responsible lending requirements and electronic provisions.

ASIC has invited feedback with submissions due by 5:00 pm AEDT on 7 March 2025 via email to rri.consultation@asic.gov.au.

FinTech Australia is considering making a submission and will gauge interest from members before proceeding. If you would like to contribute or share your views, please contact our policy team.

Other news

Australian Quantum Delegation to Expo 2025 Osaka: expression of interest- The Department of Industry, Science and Resources (DISR) invites Australian quantum tech companies to express interest in a 5-day delegation to Expo 2025 Osaka in May.

We are working on these submissions:

Public consultation on new AML/CTF Rules: FinTech Australia will make a submission and circulate a draft to our Policy Working Group to help shape our submission.
Consultation Paper 381 (CP 381): Updates to INFO 225: Digital Assets: Financial Products and Services: FinTech Australia will be making a submission and circulate a draft to our Policy Working Group to for further feedback before the consultation closes on 28 February 2025.

We recently made submissions on:

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

Save the dates for our events in 2025!

Mark your calendars and reach out to the team if you have any enquiries or would like to support any of these events.

Melbourne Summer Drinks — Registration Open

🗓 Wednesday, 19 February 2025

📍Archa Office, Cremorne VIC

The Finnies - Award entries are open until March 25, 2025

🗓 Thursday, 26 June 2025

📍 Doltone House Jones Bay Wharf, Pyrmont, NSW

Events from the community

AI For Credit Decisioning... Really? | Webinar by MOGOPLUS — 13 February 2025
30min to simpler, technology driven expense management | Webinar by Budgetly — 26 February 2025

For all 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.

iGo Payments is paving the way for instant digital card issuing with Web-to-Wallet technology. Read the journey on how iGoDirect continues to raise the bar for digital card issuing across various rewards, loyalty and payments use cases from our most recent Member Spotlight here.
Lighter Capital Secures $30M to Fund Australian Tech Startups. Read More.
MONEYME grows originations by 54% on pcp, loan book hits $1.4bn — 2Q25 Trading Update. Read More.
Fintechs ProductCloud and Ozone API partner to help Australian companies meet Consumer Data Right compliance. Read More.
Step Into the Future with Xpanse. Read More.
Smartpay shares The Year Ahead: Small Business Trend Predictions for 2025. Read More.
BRIDGIT GROWTH CONTINUES WITH FIVE NEW DISTRIBUTION TEAM HIRES. Read More.
Stryd appoints Doug Crowley as Head of Sales to boost enterprise revenue streams. Read More.
OKX Australia Reinvents How Australians Trade Crypto with Launch of Innovative Trading Bots. Read More.
Apply for a home loan in five minutes: LoanOptions.ai launches flagship home loan technology on subscription model. Read More.
Kashcade Raising $50 Million to Expand R&D Lending Amid Record Growth. Read More.

For more news from the community, see here.

Industry News

News on the fintech industry you don't want to miss!

Our Landmark Report in collaboration with Mandala — Unlocking Growth: How Fintech Payment Solutions Empower Small Businesses. Download full report here.
We recently launched the 5th edition of the Australian Open Banking Ecosystem Report and Map in collaboration with Mastercard and Open Finance ANZ. View the full report and map here.
MFAA Report 2025: The Value of Mortgage and Finance Broking. Read More.

New Members

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