ASIC has commenced civil penalty proceedings against GetSwift and its directors Bane Hunter and Joel Macdonald, alleging that the company made misleading announcements in relation to client agreements.
ASIC has joined 28 international bodies in launching the Global Financial Innovation Network (GFIN), which aims to support financial innovation in the interests of consumers.
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”.
ASIC has announced a deal with the China Securities Regulatory Commission to promote innovation in financial services in their respective markets.
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.
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.