Tag: Fintech

Fintechs urge ‘swift action’ on payment system reforms

Posted on   |  by Brandon How
Local fintechs have welcomed proposed reforms to Australia’s payments “outdated” system, but say swift action is needed to fix regulations that are up to a decade behind those in global...

Getting the most out of state and federal startup programs

Posted on   |  by James Riley
When the German federal government unveiled its first national startup strategy in the middle of 2022, its biggest surprise perhaps was that it had not arrived earlier. German industrial...

Govt to move on de-banking

Posted on   |  by Joseph Brookes
Treasurer Jim Chalmers has flagged a government response to financial regulators’ warning that fintechs and digital currency exchanges are being “de-banked” suddenly and with little explanation. After reviewing the...

Fintech fury, startup confusion over empty budget

Posted on   |  by Joseph Brookes
Australia’s fintech industry group has slammed the government for failing to support the sector in Tuesday’s budget, while startups have labelled it “confusing” after not even rating a mention...

New FinTech Aust chief on priorities and helping local firms grow

Posted on   |  by Joseph Brookes
FinTech Australia has appointed investor and finance executive Andrew Porter as its new chief executive. Mr Porter, a 20-year industry veteran who advises several local FinTech’s boards, said reconnecting...

Debanking risks ‘undermining’ local tech sector

Posted on   |  by Denham Sadler
The increasingly common practice of large financial providers “debanking” Australian tech firms is a “significant threat to competition” and risks “undermining” the growth of the local sector, a Parliamentary...

Time to prepare for Big Tech in the CDR scheme

Posted on   |  by Denham Sadler
The federal government needs to get on the front foot and prepare for Big Tech to try to get involved with the Consumer Data Right scheme in order to...