Fintech Archives - InnovationAus

Consumer Data Right Startups Trade

FinTech, data rights and a Newfound mission

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

30 July 2020 | 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

16 July 2020 | 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

16 April 2020 | 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

1 April 2020 | 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

11 February 2020 | 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

5 February 2020 | 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...

MacGibbon wants cyber support for startups

23 January 2020 | 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...

FinTechs trying to shirk CDR rules

20 January 2020 | by Denham Sadler

Current laws and regulations aren’t enough to stop FinTechs shirking the new Consumer Data Right rules, according to two major consumer groups. In a joint submission to the Select...

No-one’s playing in the sandbox

14 January 2020 | by Denham Sadler

The federal government will look to pass legislation improving the regulatory sandbox as a “matter of priority” when Parliament resumes next month after it was revealed that only seven...

Tag: Fintech