ASIC

May
15

Three disruptive forces driving Aussie neobanks like volt, as fintech startups get serious

There are hundreds of fintechs offering financial services, from budgeting tools to financial advice to loans, but it wasn’t until last week that a start-up was authorised in Australia to offer the product sitting at the heart of banking – deposits. In a significant milestone for the local fintech scene, the Australian Prudential Regulation Authority […]

By Reposted by Australian FinTech | Banking . FinTech
DETAIL
May
15

Labor warns ASIC cuts threaten Australian fintech sector

Spokesman for the Digital Economy, Ed Husic, has slammed the Coalition’s budget cuts to the Australian Securities and Investments Commission, saying it would hamper the regulator’s ability to keep on top of technology-led disruption occurring in the financial services sector. Mr Husic told The Australian Financial Review it would also likely slowdown the process of […]

By Reposted by Australian FinTech | FinTech
DETAIL
May
02

ASIC announces action on misleading or deceptive conduct in ICOs

ASIC has already taken action against suspicious ICOs. ASIC chairman John Price recently warned that Australian consumer law would apply to ICOs, even if they were extended from overseas. On 1 May ASIC announced that this would start taking the form of a crackdown on deceptive or misleading conduct by ICOs, which is prohibited under […]

By Reposted by Australian FinTech | FinTech . Investing
DETAIL
May
01

ASIC, AUSTRAC and banks urged to engage with regtech start-ups amid controversy

A batch of start-ups will engage with banks and regulators about creating a “compliance-by-design” culture in financial services later this week at an inaugural RegTech Association event and are hoping conversation will soon turn to action. The expected release on Tuesday morning by the Australian Prudential Regulation Authority of a report into governance problems at […]

By Reposted by Australian FinTech | Banking . FinTech
DETAIL
Apr
30

ASIC looking to regulate overseas ICOs under Australian laws

Australian regulations may apply to ICOs, even when created and offered overseas, warns commissioner. ASIC will be eyeing initial coin offerings (ICOs) as it moves to update its guidelines for companies raising funds by issuing digital currencies or tokens. Specifically, it warns that Australian laws may apply to ICOs even when they’re created and offered […]

By Reposted by Australian FinTech | FinTech . Investing
DETAIL
Apr
27

Bentleys selects BGL’s CAS 360 and Simple Fund 360

BGL Corporate Solutions, Australia’s leading supplier of SMSF administration and ASIC corporate compliance solutions is pleased to announce that Bentleys Chartered Accountants & Business Advisors has chosen CAS 360 and Simple Fund 360 as their ASIC corporate compliance and SMSF administration. “We conducted an extensive review of all the products in the marketplace” said Robin […]

By Australian FinTech | FinTech
DETAIL
Apr
27

ASIC turns attention to initial coin offerings

As a method of raising funds. Initial coin offerings (ICOs) will be a “key focus” for Australia’s corporate watchdog as it looks to update guidance on companies considering raising funds by issuing digital coins or tokens. The Australian Securities and Investments Commission (ASIC) will expand the scope of its guidance in coming weeks to include […]

By Reposted by Australian FinTech | FinTech . Investing
DETAIL
Apr
19

Crowd2Fund prepares to cross fintech bridge to Australia

Leading P2P lending platform Crowd2Fund are launching an Australian office by becoming one the first UK-based companies to utilise the new ‘FinTech Bridge’ between the UK and Australia. The Enhanced Cooperation Agreement, signed in March 2018 between the FCA and the Australian Securities and Investments Commission (ASIC), will make it easier for regulated FinTech companies […]

By Reposted by Australian FinTech | Borrowing . FinTech . Investing . Lending . Peer-to-Peer
DETAIL