Tag: Fintech

Australian FinTech: Worth its weight in gold

Posted on   |  by Jane Hume
One of the most remarkable things about the COVID pandemic is how investors rushed to listed technology equities as panic struck global markets. Whereas gold has traditionally dominated as...

FinTech inquiry turns to structural issues

Posted on   |  by Denham Sadler
After delivering an interim report with recommendations for some “quick wins”, the parliamentary inquiry into FinTech will be turning its attention to longer-term structural issues for the sector. The...

FinTech, data rights and a Newfound mission

Posted on   |  by David McClure
Australia’s consumer data right legislation doesn’t just exist to open up the banking sector, it’s for making the product matching and switching process much easier in an increasingly wide...

Open banking’s majestically slow start

Posted on   |  by Denham Sadler
Australia’s Consumer Data Right scheme has received a further $20 million after the opening banking regime’s slow start this month, with only one FinTech signed up as a data...

JobKeeper ‘failed’ early-stage tech firms

Posted on   |  by Denham Sadler
The government’s JobKeeper wage subsidy scheme has “failed” early-stage pre-revenue tech companies, with more support needed following the September cut-off, a Parliamentary inquiry has heard. The Select Committee on...

Timing couldn’t be better for Open Banking

Posted on   |  by Kristofer Rogers
At the recent AFR banking and wealth conference, held as a virtual event during these unprecedented times, ACCC chairman Rod Sims reasserted a commitment to keeping the July 1...

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...

Improved sandbox passes Parliament

Posted on   |  by Denham Sadler
A broader range of FinTechs will be able to access the regulatory sandbox for twice the length of time after legislation was finally passed by Parliament, nearly two-and-a-half years...

Credit reporting regime finally moves

Posted on   |  by Denham Sadler
Labor will attempt to amend legislation paving the way for a mandatory credit reporting regime in the Senate after it finally passed through the lower house, nearly two and...