FinTech Voice, February 27, 2025

Written By Katrina Angelika

Hi FinTech Australia Community,

After wrapping up our community events, we have a few big updates to share. Plenty of opportunities below so please reach out if I can support

  • We're hosting the 2nd edition of Fintech for Net Zero on March 12! This event is all about exploring how finance and technology impacts the environment. It's also a fantastic opportunity to connect with industry leaders. Register here.

  • There's less than 1 month left to submit your entries for the Finnie awards! Don’t miss your chance to be recognised as one of Australia's leading fintechs. Submit your entries by 25 March 2025, 10 PM AEDT

  • Network with UK and Australian industry leaders at the UK-Australia Fintech Connect hosted by UKDBT, in collaboration with Moore and FA, on March 13, at Moore Melbourne. Space is limited, RSVP by March 5.

  • We're revamping our podcast! It will feature an Intersekt-panel type discussion where you can nominate speakers and choose thought-provoking topics that matter to the fintech community. Express your interest here.

  • If International expansion is on your roadmap, our team has put together a few delegations, pre-departure briefings and other opportunities. See all details here.

Kind regards,

Rehan D’Almeida,

Chief Executive Officer,

FinTech Australia

Policy Update

Strategic Examination of R&D Consultation 

The Department of Industry, Science and Resources (DISR) is seeking feedback its Strategic Examination of Research & Development system. An independent expert panel will lead the review, with exploration into how Australia can encourage further research and home-grown ideas.  

The panel has developed the consultations discussion paper which outlines consideration around topics such as:

  • maximise the value of existing investment in R&D

  • strengthen linkages between research and industry

  • support the achievement of national priorities

  • drive greater R&D investment by industry and boost innovation

  • uplift Australia’s overall R&D intensity.

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.

ASIC Invites Feedback for CS 16 Reportable Situations - Additional Relief

ASIC is inviting feedback for a proposal on providing additional relief under the reportable situations regime for misleading and decepctive conduct (MDC) provisions and certain civil pentalilty provisions (CPPs). Reports under the current regime has found from MDC and CPP breaches that were reported, to have any valuable signficiance, with ASIC noting that any report involves a cost upon the licensee. 

ASIC in light of this, is proposing to find relief from these reporting breaches in MDC provisions and CPPs when:

  • the breach has been rectified within 30 days from when it first occurred (this includes paying any necessary remediation), and

  • the number of impacted consumers does not exceed five, and

  • the total financial loss or damage to all impacted consumers resulting from the breach does not exceed $500 (including where the loss has been remediated), and

  • the breach is not a contravention of the client money reporting rules and clearing and settlement rules.

FinTech Australia does not plan to make a submission, members interested in contributing are encouraged to contact our policy team. The consultation closes 11 March 2025.

Other news

We are working on these submissions:

We recently made submissions on:

  1. 2025–26 Pre-Budget Submission

  2. Review of Merchant Card Payment Costs and Surcharging - Issues Paper

  3. Consumer Data Right Rules – Non-Bank Lending and Banking Data Scope Consultation

  4. Scams Prevention Framework - Exposure Draft legislation

  5. Introducing Mandatory Guardrails for AI in High-risk Settings

  6. Senate Inquiry into Home Ownership

  7. CDR Rules: Consent and Operational Enhancement Amendments 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

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.

🗓 Wednesday, 12 March 2025

📍Tank Stream Labs, Haymarket, NSW

  • 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

🗓 13 March 2025 (Register by 5th of March)

📍Moore Australia, Melbourne VIC

🗓 25 March 2025

📍ICC Sydney, NSW

🗓 5-6 November 2025

📍ICC Sydney, NSW

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.

  • This week's Member Spotlight features V-Key. Discover how V-Key’s current technology powers high-security solutions for mobile identity, authentication, authorization, and payments—trusted by major banks, payment gateways, and government agencies globally. Read here.

  • Budgetly recognised in the 2025 C100 Awards for exceptional employee experience. Read More.

  • Hello Clever Taps Former Google, Yahoo & SPH Media Executive to Spearhead APAC Growth. Read More.

  • Wisr Money on Your Mind Report: Two in three Australians think about their finances at least once a day. Read More.

  • LENSELL Expands Global Investment Analytics with Addition of London Stock Exchange (LSE). Read More.

  • New sales and partnerships heads at Quickli point to strong growth. Read More.

  • TreviPay and TICO Manufacturing Partner to Offer Net Terms Program, TICO Charge, to Dealers and Fleet Services. Read More.

  • Vanta Expands Australia and New Zealand Presence with New Data Centre and Support for Additional Compliance Frameworks. Read More.

  • Hello Clever introduces Clever AI — What If You Could See The Future Before Investing In It? Read More.

  • Stryd recruits Cheok Lee as Head of Product to boost broker and lender offerings. Read More.

  • Quickli launches five new white-label widgets for broker websites. Read More.

  • Budgetly unveils “Buddy AI” - the AI Assistant transforming SME spend management. 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! 🇦🇺

Tune in to our newest podcast episode with Andrew Black from ConnectID!

In this episode, we explore Australia's evolving digital identity landscape. Andrew shares insights on ConnectID’s role in enabling secure identity verification, onboarding all four major banks, the importance of interoperability and the network's global standards approach.

Tune into FA Podcast here! 🎧

Katrina Angelika
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Budgetly unveils “Buddy AI” - the AI Assistant transforming SME spend management