Australian FinTech Firms Recognized as World Leaders in FinTech
The annual FinTech 100 list has listed nine Australian FinTech companies among the world’s leaders in the sector, according to a report by StartupSmart, an Australian publication for the startup community. Compiled by H2 Ventures and KPMG FinTech, it listed Prospa, Tyro, and Society One within the top 50 established leaders category, and HashChing, Afterpay, Brighte, Data Republic, Identitii, and Spriggy within the top 50 emerging firms. Speaking to StartupSmart, Beau Bertoli, Prospa founder and CEO, said that it was a major achievement to be recognized alongside of firms such as Square,....
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Not one to remain behind in the FinTech race, Australia is increasing its investments in FinTech in a bid to boost its financial management systems and to improve its status as a leading country in financial technology, according to research from East & Partners, an Australian-based market research firm. The research found that Australian corporate treasurers are planning on increasing their spending on FinTech by around 12.2 percent. It added that 17.6 percent of treasurers had already invested in the sector while an additional 24.2 percent were exploring the possibility of investing.....
Fintech Australia is a national Australian Fintech Industry Association. Their vision is to make Australia one of the world’s leading markets for Fintech innovation and investment. Founded in October 2015, their membership base now comprises over 70 startups, venture capital funds, hubs and accelerators across Australia that specialise in Fintech. As a not-for-profit organisation, they support the Australian Fintech community, build awareness and trust in Fintech startups and advocate for better policy on behalf of our members. Fintech Australia is the voice for Fintech innovation in....
Federal Treasurer Scott Morrison has said that the growth of FinTech and the financial sector moving into the digital space has produced a shift in how businesses operate presenting challenges and opportunities. At the recent G20 conference at Wiesbaden in Germany, Morrison spoke how innovation was changing the face of finance. In a report from InnovationAus, an Australian news site, he said that FinTech is the way of the future. He said: While we cannot go backwards, the success of fintech is not guaranteed. It is important that all of us work together, across borders, to help build this....
The ‘Big Four’ global accounting firms PricewaterhouseCoopers (PwC), Deloitte, Ernst & Young (EY) and KPMG have all been trying to figure out which way Financial Technology (FinTech) is heading. As such they have been publishing articles and reports and trying to provide the world with an analysis of where the nascent financial technology industry is heading. These accounting firms are important mainly because they service, in one capacity or another, most of the world’s companies and provide insight and shape opinion of industry leaders across myriad of sectors. It is interesting to....
Though the United Kingdom plays a definitive role in the growth of FinTech industry, which is now worth £20 billion in annual revenues to the UK, employs 135,000 people, and attracted 42% of all European FinTech investment in 2014, Prime Minister David Cameron is not satisfied. Thus, Cameron, has welcomed FinTech 2020, which aims to make the UK the premier location for at least 25 global FinTech leaders, whether by IPO, global market share or by valuation. Talking about FinTech 2020, Cameron said: