Dear Community,
We hope everyone is well as we start to approach Finnies season! With only 3 weeks to go until applications close, we encourage all fintechs to apply to have a chance to have your talent and hard work recognised at Australia's largest fintech awards. Expect to hear our big announcement about the Finnies soon. This week we have a wealth of updates for you regarding our policy work, events, and opportunities. PolicyOver the next couple of weeks, we are hosting a series of online roundtables and webinars. Tomorrow, we will be hosting an update and fireside chat with Senator The Hon Andrew Bragg and Rebecca Schot-Guppy, CEO of FinTech Australia which will include an update from Senator Andrew Bragg about the Senate Select Committee inquiry into fintech and regtech. On 12 August we will be hosting a roundtable with the NPP where an update will be provided on the take-up and usage of the NPP and the NPP's roadmap and future capability development.
In terms of policy work, we are currently continuing to work hard on our response to the ACCC's Intermediaries consultation that is representative of the industry, as well as providing informal feedback to ASIC regarding the Enhanced Regulatory Sandbox. We have finalised and published our submission to ASIC regarding the ePayments Review, which can be found on our website. We are also currently working with our Blockchain and Digital Currency policy working group in respect to deregulation, and the future of the blockchain roadmap. Additionally, we have received a number of member complaints in respect of AFCA. We are organising a roundtable to discuss these complaints with AFCA.
Community InitiativesThank you again to Frollo for sponsoring this week's newsletter. Your continued support of FinTech Australia and the broader fintech ecosystem is greatly appreciated. We would also like to welcome Tribe Digital Ventures, Symphony Communications Services and Yieldhub as our newest members!
Over the past two weeks, our Five Fintechs on Fridays, which has been kindly sponsored by ID Exchange, has featured Up, XBert, Athena, Monoova and Cashrewards and Zscore, Brighte, Medipass, Stockspot and myprosperity. In our Member Spotlight series, we spoke to Wisr CEO, Anthony Nantes, about the purpose that drives their business, and Medipass CEO, Jonathan Davey about their journey, the impact of COVID-19, and his future plans for the business. If you would like to be involved please let us know by reaching out to Jazz@fintechaustralia.org.au.
If you need to chat or want to discuss anything, please feel free to give me a call.Rebecca Schot-Guppy,CEOFinTech Australia
Consumer Data Right - Intermediaries Consultation
We have released our first draft of our response to the ACCC's Intermediaries Consultation for member feedback and review. We are currently in the process of drafting our final version in preparation for submission. Sign up as a member to get more information.
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ASIC ePayments Review
Thank you to all the members that have provided feedback on our submission to ASIC regarding the ePayments review. Thank you to the team at DLA Piper, who have been assisting with this submission and to all the members that have contributed.
You can find the final version of the Submission here.
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Enhanced Regulatory Sandbox
Last week the ACCC requested informal feedback regarding the Enhanced Regulatory Sandbox's net public test, and innovation test. Thank you to the members who took the time to speak to us on our call last week, and the team from The Fold Legal and King & Wood Mallesons who have been assisting with the draft submissions.The draft submission will be sent to the policy working groups for members to access.
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Thank you again to Frollo for sponsoring this week's newsletter.Frollo's Data Enrichment API helps you turn transaction data into insights, by enabling you to access market leading categorisation accuracy through one simple API. Whether you're using third party aggregators, direct bank feeds or CDR data, just send Frollo your transactions and receive them back within seconds, categorised and enriched. It's that simple.
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The OneLenz team are delivering Pitch & Connect, a digitally enabled event where startups and scale ups will get to pitch to leading Investors, Venture Capital and Private Equity firms.
To apply your startup will need to register at OneLenz for free, www.OneLenz.com
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