FinTech Voice January 26, 2023
Dear Community,FinTech Australia will once again be hosting the two flagship events in 2023 - The Finnies and Intersekt, bringing together members, corporate partners, investors and government to connect, learn and grow, together moving our industry forward into the coming years. Follow the links for the prospectus. We’re also building other flagship events this year that we are excited to share with you as soon as they finalise.1.3 million people changed jobs in the past year: the highest job mobility rate Australia has ever seen. Our corporate partner - ProbeCX has a free recruitment report for insights into the future of recruitment.Heading over the ditch to Fintech New Zealand’s Hui Taumata? FinTech Australia has secured a discount for our members. https://www.fintechhui.nz/register Code: FinTechAus200 for a $200 discount.If you require any support this year or suggestions about what more we can do to support, please reach out to us.Regards,
Rehan D’Almeida,General Manager,FinTech Australia
Members hear from Minister Jones
FinTech Australia hosted the Hon Stephen Jones MP, Assistant Treasurer and Minister for Financial Services, for a dinner with fintech industry leaders last week. Minister Jones outlined the Government's priorities for the year ahead, including forthcoming consultations on digital assets regulation and reforms to the payments system.
The Minister also highlighted the importance of the role of fintechs in supporting the Consumer Data Right and ensuring its success. We appreciate the Minister's support for fintech and the opportunity provided for members to share some of the challenges the sector is facing in 2023, including de-banking and access to insurance.
Member roundtable with Treasury on Strategic Plan for Payments
FinTech Australia is hosting a roundtable for members with the payments team at Treasury to discuss the proposed Strategic Plan for the Payments System. The roundtable will provide an opportunity for members to engage directly with the policy team which is drafting the Plan and developing reforms to the payments system.
Policy Submissions: Q4 Highlights
This week we posted an article highlighting some of our submissions you might have missed during a busy final quarter of 2022.
Check it out here.
Current consultations
We are currently developing submissions to consultations on:
- CDR Non-bank lending sector design paper;
- National Reconstruction Fund Consultation Paper;
- Strategic Plan for the Payments System Consultation Paper;
- APRA's proposals for PPF minimum capital requirements.
We have recently made submissions on:
- AUSTRAC's draft guidance on de-banking;
- Feedback to Treasury on the CFR's de-banking report;
- Treasury's BNPL Options Paper;
- Treasury's draft legislation to enable CDR action initiation.
See our recent submissions on our website.We also expect the 'token mapping' consultation paper to be released imminently and will soon provide details on how to get involved in our response to our Crypto, Blockchain and Web3 Policy Working Group.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.
Opportunities
👨🏻💻 Join the UNSW in their pioneering study on Enterprise Blockchain-Driven Connected Ecosystems and be a part of shaping the future of blockchain technology in Australia. This study aims to examine the role of enterprise blockchain technology in establishing the state of its adoption and use cases within the business environment in enabling mobility, trust, interoperability, and better workflow.An hour of your time is needed for the research, which will be presented at the world's largest FinTech conference later this year. If you're interested to see how you can easily contribute and elevate your brand please reach out to Dr. Eric Lim.🔮 Predictions 2023 This report is a little bit different, you won't find any jargon or pages of text talking about the problem. But what you will find is a lot of passion and actionable insights spread across 4 key themes. We'd love to get you involved in sharing the report. Please use this tracking URL whenever you share the report: https://hubs.ly/Q01yD0X70🇮🇳 Market Strategies for Aussie Technology Companies Interested in learning more about the fintech market in India or launching your operations in the market? Austrade will be leading a number of initiatives to help Australian businesses in India in 2023. Touch base with Stu (stu@fintechaustralia.org.au) to learn more.
Member Showcase
Don’t miss all the news and insights from our members and corporate partners from our newsroom.
- Windsor First partners with Currencycloud to give its clients a royal cross -border payments experience.
- TreviPay today announced the signing of a definitive agreement to acquire payment platform Apruve.
- Airwallex partners with American Express to diversify payment acceptance options
- Jacobi Inc partnering with Principal Asset Management to digitise and scale fintech-enabled model portfolio offering
- Change Financial granted AFSL enables direct issuing in Australia
- Sandstone Technology appoints Anthony Mckew as Chief Technology Officer
Industry News
New Member
