London fintech delegation reveals deeper Australia-UK tech links

Ten Australian fintech start-ups are in London this week on a trade delegation arranged by the Australian British Chamber of Commerce, a sign of deepening ties between the two nation’s technology scenes.

While England’s game against Columbia in the World Cup and the tennis at Wimbledon offer potential distractions, so excited is the chamber about its official program it has coined a new acronym for it: The “ABFCC”, or “Australian British FinTech Cyber Catalyst”.

The start-ups in the group are Everproof, Trade Ledger, TRAction FinTech, Adviser Ratings, InDebted, CYDARM Technologies, HyperIntel, Airlock Digital, Aleron and Randtronics. There’s a regtech and cybersecurity flavour, and the group is being led by Law Enforcement and Cyber Security Minister Angus Taylor.

Australian Securities and Investments Commission commissioner Cathie Armour and YBF Ventures chair and former ANZ CEO Mike Smith are also with the entrepreneurs, who will be hosted by Aberdeen Standard Investments, Macquarie and Commonwealth Bank’s innovation lab in London.

Other ABCC supporters are Telstra, Austcyber and the NSW and Victorian governments.

The UK government has been aggressively trying to lure the world’s best fintech businesses to London for several years now; 17 of the top 50 international fintech firms are based there.

The UK Department of International Trade has worked with the ABCC on this visit and its networks will link the start-ups with UK government officials, including Alastair Lukies, UK Prime Minister Theresa May’s “business ambassador for fintech”, and various regulators.

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Source: London fintech delegation reveals deeper Australia-UK tech links | afr.com