Tag: FinTech Australia

APRA licence pause will ‘stifle innovation’

Posted on   |  by Denham Sadler
The prudential regulator’s decision to stop issuing new banking licences for at least six months will “stifle innovation” and cripple FinTechs, according to FinTech Australia. The Australian Prudential Regulation...

FinTech inquiry pivots to COVID-19 response

Posted on   |  by Denham Sadler
The decision to delay the landmark Parliamentary inquiry into FinTech and reopen submission to address COVID-19 is “dangerous” and risks taking the momentum out of the government’s response to...

FinTech screen scraping scrap heats up

Posted on   |  by Denham Sadler
The landmark Parliamentary inquiry into the FinTech sector has again descended into a feud over the controversial practice of screen scraping, much to the chagrin of FinTech Australia. Screen...

R&D tax interpretations are ‘ludicrous’

Posted on   |  by Denham Sadler
The “strict interpretation” of what constitutes an eligible activity under the Research and Development Tax Incentive restricting software claims is “ludicrous” and leading local tech companies to move offshore,...

MacGibbon wants cyber support for startups

Posted on   |  by Denham Sadler
The federal government should provide financial support to startups and small businesses looking to meet the “rigorous” open banking privacy and security rules, according to former special adviser to...

History repeats: Open banking delayed again

Posted on   |  by James Riley
It was a case of history repeating itself in the dying days of 2019, as a delay to the launch of open banking was announced on the last Friday...

FinTech inquiry’s new issues paper 

Posted on   |  by James Riley
A new Senate inquiry into the FinTech sector should be the first step in the development of a national policy agenda for the sector, according to FinTech Australia general-manager Rebecca...

Labor trusts gov’t on CDR regime

Posted on   |  by James Riley
The Consumer Data Right laws are “very complex and messy” and plans to amend them later in the year may lead to further problems, digital rights advocates have said....

Govt puts CDR back on agenda

Posted on   |  by Denham Sadler
The government has introduced Consumer Data Right legislation to Parliament for the second time, weeks after the launch of the open banking pilot program. Treasurer Josh Frydenberg introduced the...