FinTech Voice July 28, 2022
It’s that time of the year when events and policy advocacy are our main prioritiesPolicy Advocacy - Our recently appointed Policy Lead, Nick Kavass is reaching out to government and regulators and is keen to hear from members on priorities and challenges. Nick brings experience from across government, including Treasury, ASIC and ministerial offices, to the role.Please reach out to Nick at nick@fintechaustralia.org.au to arrange a time to discuss your policy priorities and involvement in our Policy Working Groups. Thank you for your kind messages welcoming him.Meetup - After the success of our introductory meetups, we’ve planned more regular meetups for our members combining networking and content led discussions. Each session will see discussions on pertinent topics, bringing in experts and providing insights for all in attendance. Kicking off this event series is Digital Transformations in Fintech in Sydney on August 10. Hope to connect with you there.Intersekt - All steam ahead! The demand for this year’s conference is unmatched. This is your last week to access early bird tickets. I hope to see you all there as we plan the biggest conference yet for the industry to cement new professional relationships. We will update you shortly on panels, regulator roundtables and other key events through the week that you will benefit from attending.
In other updates…
Check out this week's new episode in our FinTech Australia Podcast series - July News Roundup with Chris Hicks: Hope in the Turbulence. In this episode hear from Chris Hicks from Till Payments in conversation with our host Brian Collins talk about fintech ecosystem and more. Tune in for more here. You can also listen to them on Spotify and Apple Podcasts.ASIC (Australian Securities & Investments Commission) is hosting a Financial Innovation Regulator Meet-up, bringing together representatives from national bodies to discuss issues and their latest experience with financial innovation and technology tomorrow. For more information and registration, visit here.For any queries and support, please reach out to us.Finally, we welcome our newest member this fortnight - PATONA PTY LTD and CMSPIRegards,Rehan D’Almeida,General Manager,FinTech Australia
 |
|
CDR Sandbox |
|
|
Last week the ACCC launched the CDR Sandbox. Originally announced last November, the sandbox is a hosted environment that behaves and functions like the actual CDR ecosystem.It builds on the existing mock solution tools available from the Consumer Data Right Github and enhances the capability available to participants and vendors to test their own solutions in a hosted sandbox environment.
A sandbox-like test environment is an initiative FinTech Australia has advocated for in past submissions. |
|
Survey on CDR Guidance |
|
|
Earlier this week, the ACCC opened a short survey on their CDR participant guidance strategy. The 5-minute survey largely focuses on the accessibility and preferred channels for existing guidance, but also asks about areas where more guidance is needed.
If you have any detailed feedback raised directly with the ACCC CDR team, please reach out to us, as we are planning to meet with them in the coming weeks. |
|
Engagement with the RBA |
|
|
We recently met with the RBA to discuss their work on CBDCs, stablecoins and payments policy. The RBA is keen to increase their engagement with the fintech community and we expect to organise a member roundtable with them in the coming weeks.
We will soon share an update on this |
|
Upcoming Engagements |
|
|
Our new Policy Lead, Nick Kavass, will travel to Canberra next week for the Parliamentary Innovation Tech Showcase.Nick will also participate in a roundtable on 10 August with the NSW Industry Policy Advisory Panel, led by Dr Ken Henry AC, on the ambitions and strategic directions for industry policy in NSW. This consultation process will inform a forthcoming NSW Industry Policy White Paper, which will set the directions to underpin the State’s economic performance over the next 15 years.
Regulator roundtables will feature prominently as part of the program for Intersekt again this year. We will soon announce roundtables with regulators across a range of policy issues including CDR and open banking, payments and crypto. |
|
 |
|
|
🏅2022 edition of the Australian Growth Company Awards are here to celebrate excellence and recognise companies that demonstrate high rates of sustainable growth, innovation, integrity and contribution to the community. Nominations are open till 9 August. Apply soon
📇Open Banking Excellence (OBE) has joined forces with Accenture, the UK Government’s Department of International Trade (DIT), Innovate Finance, NatWest and the University of Oxford to develop a first-of-a-kind global Open Finance Index. The index helps to understand about Australia's domestic readiness to develop Open Banking and Open Finance ecosystems. Take part in their quick survey here. |
|
 |
|
|
📣 Basiq and LUNA presents 2022’s biggest Fintech Pitch Night. Here is the opportunity to Pitch your startup to a panel of industry experts and a room full of potential investors and users - 4 August. Click here to register🔍 Austrade is hosting a a free information session to learn more about the Research and Development Tax Incentive (R&DTI). This hour long session will introduce you to the R&DTI and guide you through key eligibility requirements. For more info, click here
🇭🇰 Hong Kong Fintech Week 2022 is here - one of the largest conferences on the calendar, attracting more than 12,000 senior executives and featuring over 250 of the world's top speakers including FinTech founders, investors, regulators, and academics. 31 Oct - 4 Nov. Book your pass now |
|
|
|
|
 |
|
|
Don’t miss all the news and insights from our members and corporate partners from our newsroom.
|
|
 |
|
|
|
 |
|
 |