FinTech Voice, May 4, 2023

Hi Community,

It's May already and that means one key event for the industry - The Finnies! It's time to celebrate, network and hear from your peers in the industry. Tickets sell out pretty quick so don't miss out.

Voting is now open for People's Choice Award (If the link doesn't work, please copy this https://6j2wdxu8ain.typeform.com/to/JOx3jfQd)! Please put in your votes and you'll also have a chance to win two free tickets to Intersekt this year.

Our corporate partner Provenir has put together an interesting article that lists the SME Lending fintechs that are leading the way in executing credit risk decisioning.

We are currently developing policy submissions to two ongoing consultation processes and are working with our members for their inputs,

The Attorney-General's Department consultation on proposed reforms to modernise Australia's AML/CTF regime;
AFCA's consultation on proposed changes to their rules and operational guidelines.

If these are of interest or you would like to know more, please reach out to our team.

Kind regards,

Rehan D’Almeida,

General Manager,

FinTech Australia

Policy Update

House Economics Committee - Inquiry into promoting economic dynamism, competition and business formation

FinTech Australia appeared today alongside a panel of members at a public hearing on the ongoing Inquiry into promoting economic dynamism, competition and business formation.

Thank you to our members who represented the fintech community at the hearing. If you would like to get involved in the next steps of this Inquiry, please reach out to our policy team.

FinTech Australia's initial submission to this Inquiry focused on 4 key areas:

Prioritising forward-looking, transformational reforms;
Addressing systemic issues which diminish competition;
Creating incentives to lower the barriers to growth;
Empowering regulators to better support competition and innovation.

Attorney-General's Department - Modernising Australia's anti-money laundering and counter-terrorism financing regime

The Attorney-General's Department recently launched a public consultation on proposed reforms of Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) regime. Fintech Australia will make a submission.

If you are interested in participating in our submission, please reach out to our policy team directly.

Submissions close on 16 June 2023.

Current consultations

We are currently developing submissions to consultations on:

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.

If you would like to get involved, please check out our GlueUp Platform to register or reach out directly to our policy team.

Upcoming Events & Opportunities

The Finnies 2023 voting for People's Choice Awards FinTech Organization of the Year Award and People's Choice Awards Emerging Fintech Organization of the Year Award are now open! Voting closes on May 10th, 2023.

Vote Now

The Global Financial Innovation Network (GFIN) has launched its first-ever virtual Greenwashing TechSprint. This will be hosted on the UK FCA Digital Sandbox, and its purpose is to bring together international regulators, firms, and innovators to develop a tool or solution that could help regulators or the market more effectively tackle or mitigate the risks of Greenwashing in financial services.

The TechDiversity Awards Gala event will be held on the 25th of May 2023. The TechDiversity Awards recognise individuals and groups that have demonstrated leadership and embraced inclusion by raising awareness and promoting diversity initiatives and programs.

Get Tickets Here

Applications are now open to the Pitch, SmartCompany’s startup pitch competition. Early-stage and seed startups should enter now – it’s fast and free. Shortlisted candidates will be invited to pitch in person to our guest judging panel of VC judges and leaders of the startup community. It’s your fastest way to gain awareness with coverage on SmartCompany, get VC feedback, and WIN – the winning pitch will receive up to $100,000 in AWC active credits.

Apply Here

Community Updates

Don’t miss all the news and insights from our members and corporate partners from our newsroom.

Change Financial bolsters New Zealand Expansion, announces Credit Union Auckland as latest client.
CreditorWatch Business Risk Index revealed that businesses has returned to pre-COVID levels but these businesses should be aware of dire predictions.
Change Financial announces Tony Sheehan as Chief Executive Officer
ASL is proud to announce its latest innovation — A state-of-the-art Financial Crime Solution - Article here
Financial management and data sharing app, Diñeiro, selects Envestnet | Yodlee for data aggregation - Article here