government

Feb
16

Crowd-sourced equity funding bill to pass Senate

Retail investors will soon be able to buy up to $10,000 of equity in their favourite business ideas, with “crowd-sourced funding” legislation set to pass the Senate with Greens support. The legislation will allow unlisted public companies with annual turnover or gross assets of up to $25 million to advertise their business plans on licensed […]

By Reposted by Australian FinTech | FinTech . Investing . Venture Capital
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Feb
14

Dart aims for a United States of Fintech

Australian tech entrepreneurs have launched a new digital home for the global fintech community, providing an agnostic platform that founders hope will one day become the seat for an inclusive and encyclopaedic fintech commonwealth. Founder and CEO, Cameron Dart, told AB+F that the International FinTech platform, combines a web portal and directory to meet growing demand […]

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Feb
14

Too slow out of the blocks

Blockchain is hands down the most talked about piece of technology in recent memory but the level of investment in Australia on distributed ledger solutions isn’t quite in step with the enthusiasm on display from our corporate set. Sydney start-up Veredictum’s chief executive Tim Lea said the current state of affairs was completely out of […]

By Reposted by Australian FinTech | Blockchain . FinTech . Investing
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Feb
13

Banks stake out Apple Pay battleground in ACCC submission

The concept of the big banks arguing for change in order to increase competition tells you something about Apple’s apparent domination of the mobile phone market and its willingness to exploit this market power. In a submission released today, the banks have responded to the ACCC’s draft denial of the right to collectively negotiate with […]

By Reposted by Australian FinTech | Banking . FinTech . Payments
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Feb
09

Carney cuts through the fintech hype with clear-eyed take on risk

Financial Stability Board chair Mark Carney’s status as one of the world’s great fintech boosters makes his occasional musings on the associated risk to the financial system all the more striking. The Basel-based FSB, which makes recommendations to G20 nations, is thinking deeply about the appropriate regulatory response to fintech’s risks and rewards and will […]

By Reposted by Australian FinTech | Banking . FinTech
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Feb
08

UK fintech delegation heads to Australasia

A trade delegation of eleven UK fintech companies will visit Australia and New Zealand in March. The UK’s Department for International Trade (DIT) will bring a trade delegation of eleven successful UK fintech companies to Australia and New Zealand in March. The trade mission will build on the success achieved by several UK companies in […]

By Australian FinTech | FinTech . Venture Capital
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Feb
07

ATO signs up as first client for fintech start-up Mainframe Cloud

Fintech start-up Mainframe Cloud (“MfC”) has signed a contract with the Australian Taxation Office (“ATO”) to deliver a suite of mainframe modernisation solutions to the Australian Government’s major revenue collection agency.  The contract follows an extensive and successful Beta testing exercise in 2016 and the achievement of a minimum viable product by MfC. Based at […]

By Australian FinTech | FinTech . Venture Capital
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Feb
03

Kate Carnell urges pressure on banks to change

Small business ombudsman Kate Carnell will today issue a strong warning to government that after 17 inquiries into the banking industry since the GFC the time has come to put pressure on the banks to change their practices. Carnell’s report on small business lending is due to be released today by Revenue and Financial Services […]

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