ASIC

Jan
25

The everyday Aussie is increasingly choosing a peer to peer personal loan

ASIC’s second marketplace lending survey revealed that $300 million worth of personal and business loans were written by peer to peer lenders during the last financial year – almost double the amount commissioned during the 2015/2016 financial year. Speaking about the data, ASIC Commissioner John Price said that the survey results indicated the continuing growth […]

By Reposted by Australian FinTech | Borrowing . FinTech . Investing . Lending . Peer-to-Peer
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Nov
27

Dubai and Australia sign fintech agreement

The Dubai Financial Services Authority (DFSA) and the Australian Securities and Investments Commission (ASIC) entered into an agreement that sets out a framework for cooperation on financial technology (FinTech) innovation. The agreement demonstrates a commitment by both Authorities to provide a regulatory framework that promotes innovation in financial services and regulatory compliance in their respective […]

By Reposted by Australian FinTech | FinTech
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Nov
08

Australia, China to co-operate on fintech

Regulatory body ASIC has entered into an agreement with the China Securities Regulatory Commission to “promote innovation” and share information on market trends and regulatory development in the financial services sector. According to a statement from ASIC, the agreement will provide a “framework for information sharing between the two regulators” and will allow them to […]

By Reposted by Australian FinTech | FinTech
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Oct
25

ASIC licensing crackdowns see uptick in robo-advice demand

While one automated advice provider says the demand for automated advice has been relatively steady since the removal of the accountant’s exemption, there have been some small spikes in demand following various compliance crackdowns by ASIC. Speaking to SMSF Adviser, Plenty Plus founder Greg Einfeld said while there has been continued interest in automated advice […]

By Reposted by Australian FinTech | FinTech . Investing . Robo-Advice
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Oct
25

Australia publishes draft laws for relaxed fintech regulation

The Australian government published draft laws on Tuesday that would let financial technology companies operate without a full licence, a measure it said would encourage innovation without compromising existing levels of consumer protection. The draft laws would let companies test “a broad scope of activities…without the need to meet all the existing licensing requirements of […]

By Reposted by Australian FinTech | FinTech . Insurance . Payments
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Oct
20

Australia and New Zealand formalise fintech agreement

The Australian Securities and Investments Commission (ASIC) and New Zealand’s Financial Markets Authority (FMA) have re-affirmed their commitment to promote innovation and fintech development across the Tasman. It’s confirmation of the wide-ranging Memorandum of Understanding reached between the countries in 2012 and follows a meeting focused on the need to foster fintech innovation and growth […]

By Reposted by Australian FinTech | FinTech
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Oct
16

iSignthis goes live with Tradefinancial.com.au

Australian Securities and Frankfurt Stock Exchange cross listed iSignthis Ltd (ASX: ISX / DE: TA8), the global leader in RegTech for identity verification and transactional banking/payments, is pleased to announce that it has completed integration of its services to ASIC regulated Tradefinancial. As previously announced, iSignthis offers payment facilitation services in Australia (ISXPay®), via its […]

By Australian FinTech | FinTech . Payments
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Sep
28

Stricter regulations are coming for new digital currencies in Australia

The Australian Securities & Investment Commission (ASIC) has released a guidance paper on the regulatory framework for initial coin offerings (ICOs) in Australia. “ICOs generally operate by allowing investors to use cryptocurrency (such as bitcoin) to purchase coins via the internet for a set period of time,” ASIC said. “The ICOs are often global offerings […]

By Reposted by Australian FinTech | Currency . FinTech . Investing
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