Australian Federal Treasurer Pushes FinTech Agenda
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....
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The Australian Treasurer and the FinTech Advisory Group met on Friday to further discuss the development of innovation in the financial services sector. Among topics focused on were blockchain technology and ending the double tax for digital currencies, including bitcoin. Some Progress Made. The meeting discussed various FinTech topics, including a....
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....
Switzerland’s Federal Council – a seven-member group that serves as the country’s head of government – began consulting amendments to the country’s Banking Act and Banking Ordinance when it comes to financial technology on the 1st of February. The goal is to reduce market entry barriers for Fintech firms, and to enhance the Swiss financial center’s competitiveness. The country’s Federal Council had in the past outlined its Fintech-friendly agenda, in which the Federal Department of Finance (FDF) was instructed to prepare a consolation draft that would make it easier for Fintech companies....
Switzerland’s Federal Council has called for reducing the barriers seen by Fintech firms to enter the country which could see broader implications on the country’s regulatory stance on virtual currencies like bitcoin. In a meeting today, the Swiss Federal Council instructed the Federal Department of Finance (FDF) to prepare a consultation draft to relax the regulatory framework required for Fintech companies to enter and invest resources in the country. The Federal Council, a seven-member executive council – essentially the country’s cabinet – outlined its objectives geared to make....
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,....