government

Feb
01

Data61 wants Australia to go all-in on fintech and cybersecurity innovation

Data61 has published a guide on how Australia can leverage the cybersecurity and fintech talent present in the country’s startup scene, highlighting in particular the need to combine the two sectors with the strong backing of both industry and government to advance Australia’s global competitiveness. In Startup Secrets: How Australia can create new businesses with […]

By Reposted by Australian FinTech | FinTech
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Jan
31

Peer-to-peer lenders lead increase in personal loans

Personal loan applications rose strongly during the December 2016 quarter, with much of the growth coming from online marketplace lenders. The latest Quarterly Consumer Credit Demand Index from credit agency Veda shows the number of personal loan applications for the December 2016 quarter was 12.4 per cent higher than the December 2015 quarter. “Growth in […]

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

Scott Morrison backs robo-advisers to cheap superannuation advice to retirees

Treasurer Scott Morrison has endorsed “robo-advisers” offering cheap automated superannuation advice as the next step in Australia’s financial industry, and urged consumers to overcome their privacy fears about business and governments sharing personal data. As the Turnbull government continues to battle controversy over Centrelink’s “robo-debt” letters, Mr Morrison has been spruiking to his international counterparts […]

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

Commonwealth Bank and QTC create first government bond using blockchain

Commonwealth Bank of Australia (Commonwealth Bank) has arranged a virtual cryptobond for Queensland Treasury Corporation using its capital markets blockchain platform, in the first blockchain bond issuance by a government entity both in Australia and in the world. The transaction marks the first trial of Commonwealth Bank’s private, permissioned blockchain platform for the end-to-end issuance […]

By Australian FinTech | Blockchain . FinTech
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Jan
25

Scott Morrison to tell global finance leaders Australia backs fintech

The federal government wants to see the fintech sector “grow big, to thrive and deliver benefits for consumers and the economy”, Treasurer Scott Morrison will tell global central bank governors and finance ministers on Wednesday. In a speech to a high-level G20 conference in Wiesbaden, Germany, Mr Morrison will say fintech can boost banking competition […]

By Reposted by Australian FinTech | ASX . Banking . Blockchain . FinTech . Payments
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Jan
23

Scott Morrison’s UK fintech mission

Treasurer Scott Morrison will receive firsthand briefings on Britain’s pioneering move to open up access to bank data ahead of what is likely to be a similar shake-up here. Mr Morrison is visiting London and will meet with fintech entrepreneurs, academics and regulators to learn more about how start-ups are disrupting established financial services players […]

By Reposted by Australian FinTech | Banking . FinTech
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Jan
17

Government urged to test blockchain’s potential

Blockchain technology might help prevent a repeat of the Centrelink data-matching disaster, says investment banker turned business professor Christine Helliar. Blockchain is the technology behind cryptocurrency Bitcoin, but is increasingly viewed as having applications elsewhere in business and government. In simple terms, blockchain is a tamper-proof digital ledger that keeps a continuous record of all […]

By Reposted by Australian FinTech | Bitcoin . Blockchain . FinTech . Payments
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Jan
13

Investec funding for H2’s fintech accelerator backed by NSW government

Niche lender Investec has increased its funding facility for the fintech accelerator H2 Ventures by $4 million, in a deal that has been partially underwritten by the NSW government, which says it is willing to provide more guarantees to encourage venture capital funding. H2 Ventures says it remains committed to raising an unlisted, $30 million […]

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