government

Jun
12

Credit report delay shows fintech social risk concerns

Nothing is more valuable to a fintech start-up than data. And some of the best quality data for pricing financial services are the historical records of customer debt repayments. When run through algorithms, these can indicate how likely a prospective borrower is to repay a loan in the future, which helps with assessing risk and […]

By Reposted by Australian FinTech | FinTech . Lending
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Jun
07

Credit law delay angers FinTechs

The FinTech industry body has criticised the government and consumer groups over delays to new comprehensive credit reporting laws, with the legislation now remaining in the lower house for three months. It comes as a senate committee gave a tick of approval to the bill, despite a number of concerns surrounding its potential impact on […]

By Reposted by Australian FinTech | FinTech
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Jun
07

Online lender Prospa delays float 30 minutes to listing

The sharemarket float of online lender Prospa has been postponed about half an hour before the planned listing, after the corporate watchdog wanted further details of its small business loan contracts. Prospa and its joint lead managers – investment banks UBS and Macquarie – said the 48-hour delay was because it was “seeking to clarify […]

By Reposted by Australian FinTech | ASX . Borrowing . FinTech . Investing . Lending . Venture Capital
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Jun
06

ASIC Chair James Shipton wants Australia to lead the world in Regtech

In a speech delivered to an Australian Senate Committee meeting last week, James Shipton, Chair of the Australian Securities and Investments Commission (ASIC), told the members Australia can lead the way when it comes to Regtech adoption. Australia has a vibrant Fintech ecosystem that has benefited from a fairly supportive government and an active Fintech […]

By Reposted by Australian FinTech | FinTech
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May
30

Startup ecosystem needs flywheel for growth: former FinTech Australia chief

Danielle Szetho, the inaugural CEO of FinTech Australia stepped down from her post in March this year. Since then, she has been traveling around Asia to meet like-minded individuals who are passionate about changing the world with technology, seeking new opportunities to contribute to the growth of Australia’s startup community. Talking about her past experience, […]

By Reposted by Australian FinTech | FinTech
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May
28

Australia toughens stance against misleading ICOs

The rapid, perhaps unprecedented rise of cryptocurrencies and financial blockchain innovations continue to be a divisive subject for policy makers in the financial sectors of countries all over the world. Central banks and financial regulators are scrambling to adapt to the new realities this decentralized and sophisticated new interpretation of currency as a medium of […]

By Reposted by Australian FinTech | Currency . FinTech . Investing
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May
25

Australian Government backs Fintech HashChing with $700,000 loan from Jobs NSW

HashChing, a Sydney-based home loan marketplace, has just announced a $700,000 loan from Jobs NSW. Deputy Premier and Minister for Small Business John Barilaro said the NSW Government had backed the Fintech which is expected to create 46 jobs over the next five years. “Jobs for NSW is helping some of our brightest business people […]

By Reposted by Australian FinTech | Borrowing . FinTech . Lending . Mortgage
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May
18

Anger grows over crowdfund farce

Anger is growing over “farcical” delays to passing the equity crowdfunding bill that would extend the regime to private Australian companies, with the scheme now unlikely to come into effect until the end of the year. There are also concerns that cuts to corporate regulator ASIC will further slow the implementation of the scheme, which […]

By Reposted by Australian FinTech | FinTech . Investing
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