Tag: Fintech

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Industry rejects new rules for ICOs

A new regulatory framework for initial coin offerings proposed by federal government posed “a significant risk of fettering innovation”, according to a FinTech industry group. Government is actively considering...

Labor’s ASIC FinTech WA pledge

Posted on   |  by James Riley
Labor will fund new ASIC innovation resources to support FinTechs in Western Australia if it wins the upcoming federal election in order to stem the flow of companies relocating...

FinTechs respond to banking RC

Posted on   |  by James Riley
The final report from the Royal Commission into Australia’s banking sector presents “many opportunities” for the local fintech sector, but has put companies “on notice” to not repeat the...

FinTechAus reels as CEO departs

Posted on   |  by James Riley
The role and effectiveness of FinTech Australia has been questioned following the sudden departure of its CEO just four months in the role, with a prominent member of the...

APRA warning for legacy banks

Posted on   |  by James Riley
Banks and other incumbent financial service providers putting themselves at risk by neglecting investment in their legacy business systems amid pressure to avoid being disrupted by smaller, more agile...

Open banking: risk and opportunity

Posted on   |  by James Riley
The imminent open banking scheme presents huge opportunities for Australian FinTechs, but comes with some very real risks, SocietyOne chief executive Mark Jones said. The peer-to-peer lender recently hit...

‘Highly disruptive’: Turnbull’s exit

Posted on   |  by James Riley
A new Prime Minister and a significantly different Cabinet would be “highly disruptive” to the government’s tech and innovation-focused agenda and could delay important reforms currently in the works,...

Credit law delay angers FinTechs

Posted on   |  by James Riley
The FinTech industry body has criticised the government and consumer groups over delays to new comprehensive credit reporting laws, with the legislation now remaining in the lower house for...

Open banking: Lessons from UK

Posted on   |  by James Riley
While the government’s unveiling of a framework and timeline for an opening scheme marked an important milestone, the hard work is still to come, UK Banking Industry head of...

Budget 2018: A tech round-up

Posted on   |  by James Riley
The federal government has dished out funding for supercomputers, drones, FinTech and online safety awareness campaigns as part of its federal budget. Delivered by Treasurer Scott Morrison in Canberra...