Data registries and analytics business Illion, formerly Dun & Bradstreet, has acquired Adelaide fintech startup Proviso as it gears up for the arrival of Australia’s open banking regime.
The Victorian Government has today revealed Stone and Chalk has been chosen to establish and run its flagship fintech hub, while YBF Ventures will also establish a dedicated space for fintech startups in its new Bourke St building.
ANZ has announced the appointment of Ron Spector as its managing director of New Business, Emerging Technology and Ventures.
ASIC has announced a deal with the China Securities Regulatory Commission to promote innovation in financial services in their respective markets.
Australian fintech startups are seeing median revenues of $95,000 a month, up from a median of $30,000 a month last year, the 2017 Fintech Australia census has found.
Credi is working with lenders and borrowers who don’t traditionally see themselves in those terms – friends and family who simply lend each other money.
The agreement will allow the SFC and ASIC to refer fintechs to each other for advice and support via ASIC’s Innovation Hub and the SFC’s Fintech Contact Point.
Australia’s work in fintech is steadily gaining global recognition, with Sydney ranking eighth out of 44 global fintech hubs in a new report released by Deloitte this week, climbing one place from last year’s ninth.
ASIC has signed an agreement with the Ontario Securities Commission in Canada that will allow fintech companies greater support when looking to enter and operate in the other’s market.
Yodlee a platform that assists financial innovation announced this week their new strategic partnership with technology venture firm Bluechilli.