Updates in fintech June 28, 2019

29 June

Written By

In case you missed it, we are excitedto announceour new membership structure, which has been developedto maximise value to our members. In addition to introducing new price points, we will be including two new memberships tiers - Friends of Fintech and International membership. With these new memberships in place, we will be able to further build and support the local fintech community. Reach out to us if you have any questions.The FinTech Australia AGM took place on June 26, 2019. We excited to announce the reappointment of Alan Tsen as Chair and introduce the new director roles.The open banking discussions have been ramping up. We have completed theConsumer Data Standards Submission on June 21 and I thank all the memberswho provided their support. The Treasury submission is currently under way and I look forward to working with the group for this submission.The work on theintersekt fintech festivalis also progressing with a lot of interest from our international community. The festival will take case place from October 15th to 17th - don't forget to save the dates! If you are interested in partneringwith us or exhibiting at theconference, please reach out to Rehan for more information.I would also like to welcome our new members, 25Fifteen, Bromleigh, Financial Mindfulness, broker.com.au, Inkpay and Pineapple Funding! More information on these companies below.Let us know about any updatesyou would like to share with other members and the general communityand we'll be happy to promote.

Rebecca Schot-Guppy

General ManagerFinTech Australia

European unicorn Revolut has enteredthe Aussie neobank race
Frollo, the digital finance engagement platform, is a winner of Inclusive Fintech 50 a global competition that recognisesfintechs driving financial inclusion.
Map My Plan has won the EY Financial Well-being PitchFest for its customer-centric financial proposition
CEO and Co-founder of Australia'squickestcompany to hit unicorn status, Airwallexand Outstanding FinTech Leader of the year -Jack Zhang explains the entrepreneurial mindset for growth.
Melbourne payments startup Verrency has raised $10 million in Series A funding, as it solidifies its presence in Australia and overseas.
Stone & Chalk launches Women in Fintech program in Melbourne
National Australia Banks venture capital arm, NAB Ventures, has scored its first exit, with accounting industry heavyweight H&R Block buying Canadian fintech Wave Financial for $583 million.
Raiz Invest international expansion continues with JV agreement executed with key Malaysian institution
Up has reached100,000 customerssince launching in October 2018.
Insurtech Cover Genius has secured an insurance partnership contract with one of Europes major online travel agencies.
Travelbybit has created Australia's most crypto-friendly town.
Stone & Chalk is expanding into the space and defence industries with new start-up precinct atAustralian Space Agency headquarters in Adelaide.
Melbourne-based tech and innovation hub, YBF Ventures is pleased to announce it will be taking operational control and ownership of the Tyro Fintech Hub in Sydney.

National Australia Bank has pledged an extra $2 billion in funding for emerging technology-based businesses that often find it hard to obtain finance, as it eyes a bigger slice of a key growth market.
Facebook takes crypto mainstream, with new cryptocurrency and digital wallet.
Some argue the cryptocurrency price collapse was a necessary development which has sorted the genuinely innovative businesses from the pump-and-dump schemes.
How neobanks might be part of Australian Military Banks future
Local fintechs have blamed a lack of commercial incentives andfearof competitionfor the slow adoption of the new payments platform (NPP) by big banks.

New Payments Platform Functionality and Access: Conclusions Paper

The Reserve Bank released a report on the functionality of, and access to, the New Payments Platform. The report presents 13 recommendations from the public consultation that the Bank has undertaken with input and assistance from the Australian Competition and Consumer Commission (ACCC). The recommendations, if fully implemented by NPP Australia (NPPA) and its participants, should address the issues and policy concerns identified during the consultation.The report is available on the Banks website. New Payments Platform Functionality and Access: Conclusions Paper

The LendIt Fintech Europe 2019 - Attend or exhibit

LendIt Fintech Europe is the continents Leading Event in Financial Services Innovation. This years event will attract 1,200+ fintechs, banks and investors from Europes most influential companies to learn, network and do business.

The 1:1 networking arena hosts over 2,000 meetings. And, 50 hot topic panel sessions are organized into 4 main tracks: Digital Banking, Lending Innovations, Cutting Edge in Fintech, and SpendIt at LendIt, our new paytech-focused trackCheck out their event prospectus for exhibition opportunitieshere!

26th-27th of SeptemberBusiness Design Centre, London

Register todayusing code FINAUS15% to save 15%on passes

Intersekt 2019- Opportunity toExhibit

Now in its 4th year, the annual FinTech Industry Conference Intersekt, is the leading and most thought provoking conference. It is the largest gathering of Australian Fintechs, hubs, accelerators, policymakers, regulators, investors and advisors, devoted to examining, discussing and unlocking the potential of Australias Fintech market.

Intersekt 2019 will be better than ever with a 3 day program of leading international and national speakers, free workshops, optional satellite events and extensive networking opportunities with two social functions. We currently have booths available for you to exhibit.

15th-17th OctoberFederation SquareMelbourne

Please reach out to Rehan if you are interested in exhibiting this year!

Speakership opportunity at Paris Fintech Forum

The Paris Fintech Forumwill be back next January 28 & 29, 2020 to host the 5th edition of the two-dayunder the high patronage of M. Emmanuel Macron, President of the French Republic.Expect an outstanding speaker line up, an amazing international crowd of attendees being mostly decision makers (c-level and directors), not to mention more than 100 amazing partners.

28th and 29th January 2020Paris

Applications for speakership are now open for the 2020 Paris Fintech Forum!

Australian British Financial Services Catalyst

The Australian British Financial Services Catalyst is returning to London in July for another week of leading practice insights and business development opportunities in a new pre-Brexit world! The Fintech Bridge is up and running and the Catalyst is seeking to ramp up the activity between the two countries.The Catalyst will examine the challenges facing financial institutions with the rapid change of technology and customer expectations, new regulations, data security and building the platforms for future banking while ensuring the wealth of data from legacy systems is maintained.

The Catalyst is keen to attract the best and in conjunction with Fintech Australia is delighted to offer a 40% discount to members. For assisted places we ask the following:

The company must be headquartered in Australia and have been trading for at least 12 months
The product or service should have global applicability
The product or service will have a cybersecurity or fintech application
The company must be able to demonstrate a genuine interest and ability to collaborate or establish a presence in the UK.

July 1 - 4, 2019London

40% discount for the first 5 members of Fintech Australia who submit a completed registration form.Thereafter, 20% so first come first servedIf you are interested in taking advantage of the offer please contact Rehan - rehan@fintechaustralia.org.au

Dedicated Fintech Track at New York Venture Summit

FinTech Australia invites you to attend the Dedicated Fintech Track at New York Venture Summit presented by youngStartup Ventures.Meet, interact and network with hundreds of VCs, Corporate VCs, angel investors, investment bankers and founders of venture backed, emerging and early stage companies on the Fintech Track at the prestigious New York Venture Summit being held on July 9th & 10th 2019 at Convene, New York City.

July 9th & 10th 2019Convene, New York City

FinTech Australia community is entitled to $100 off the rates using the discount code (FTAUVIP).

5 Steps To Growth: Lessons from TransferWise

TransferWise is excited to present an exclusive masterclass for the Australian business and startup community, featuring TransferWise VP of Growth, Nilan Peiris.Join Nilan at Stone and Chalk, Melbourne, where he will share TransferWise's growth journey as well as explain how running an organisation of autonomous independent teams, has enabled TransferWise to scale at supersonic speeds to become Europe's most valuable fintech.

August27th 2019Stone & Chalk710 Collins StreetDocklands, VIC 3008

RBI 2019 APAC - DigitalBankingConference

Join us for our hugely successful Banking Innovation Conference (APAC), Hong Kong, 10th-11th of September which will bring together 150+ high-profile speakers and individuals from the leading banks, FinTechs, regulators & tech providers within the region.

The focus will be on how to drive digital transformation through customer-centric open banking and payment innovation strategies. With industry leaders from ANZ Bank, Up, Volt Bank, Archa, Huawei, Morgan Stanley, DBS, HSBC and OCBC leading intense discussions and workshops.

10th-11th of SeptemberHong Kong

Register today at our website using code EB to save $100 on passes or contact us directly regarding partnership opportunities.