Displaying items by tag: Fintech sector

Investment in Australia’s fintech sector has accelerated in the first half of 2020, reaching US$376.5 million, a more than 150% increase from US$149.05 million in the corresponding period in 2019, with the growth coming despite a decline in merger activity, according to a new fintech report.

Published in Deals

International digital remittances will reach US$525 billion by 2024 as traditional players in the market face fintech challenges, according to a new research report.

Published in Market

The founder and chief executive of marketplace lender MoneyPlace, Stuart Stoyan, has been appointed as the new chair of Fintech Australia to replace the founding chair, Simon Cant, who is stepping down.

Published in People Moves

Online retail marketplace MyDeal.com.au has launched a business loans service in partnership with fintech lender Prospa, offering unsecured loans which it claims will accelerate the growth of retailers.

Published in Market

KPMG Australia has launched a fintech accelerator — mLabs  aimed at connecting authorised deposit-taking institutions (ADIs) with fintech startups.

Published in Strategy

Card payments provider Tyro has warned that Australia’s position in the global fintech market could be jeopardised if  big banks are allowed to retain control of customer transaction data.

Published in Market

Australia has a bright future as a leader in Fintech innovation but to reach that leadership position requires concerted effort from government agencies and established financial institutions, as well as partnerships and research collaboration between banks and start-ups, according to global research company, Frost & Sullivan.

Published in Strategy
Wednesday, 04 May 2016 01:08

Budget draws mixed reaction from startups

The Budget has drawn a mixed and not overly enthusiastic reaction from Australia’s tech startups. While many welcome small business tax cuts and ongoing support for the fintech sector, others are disappointed that some of the initiatives announced by Treasurer Scott Morrison don’t go far enough.

Published in Market

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