Small business lending fintech Prospa has amended its loan terms following a review by the Australian Securities and Investments Commission (ASIC).
Small business lending startup Prospa has delayed its ASX listing as it seeks to clarify questions raised by ASIC yesterday around its loan terms.
ASIC stated that initial coin offerings can “involve significant risks for investors that are often not disclosed or well understood”.
Joel MacDonald has stepped down as GetSwift CEO and chairman Bane Hunter has taken on the role as “part of [GetSwift’s] ongoing program to continually develop its governance practices as it grows”.
After years of lobbying from the startup sector, retail – or mum and dad – investors now have access to equity crowdfunding opportunities through the seven intermediaries this week granted licenses by ASIC.
ASIC has announced a deal with the China Securities Regulatory Commission to promote innovation in financial services in their respective markets.
The Federal Government has today revealed a new legislative package that will allow private companies to access equity crowdfunding.
ASIC has announced it will be opening applications for CSF licences, allowing eligible public companies to sell shares through a licensed intermediary.
ASIC has signed an agreement with the United Arab Emirates’ ADGM FSRA, which outlines how both nations will collaborate to support fintech startups.
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.
The UK DIT is partnering with the ACC to send five Aussie fintech startups to the UK to participate in the inaugural British Australian Fintech Forum.
First announced by Scott Morrison in May, ASIC has launched its ‘regulatory sandbox’ for fintechs looking to test new financial products and services.
This week ASX and ASIC have launched a new cyber health check for Australia’s top 100 listed companies. The voluntary survey, an initiative promised in the government’s $230 million cyber security strategy, aims to improve the cyber security defences of Australia’s largest companies.
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.