EY Sweeney and FinTech Australia have today revealed the results of its 2016 Census report on the Australian fintech landscape. The report is the most detailed and comprehensive analysis of Australia’s fintech ecosystem to date and reveals important recommendations to be considered by startups, community and government on how to take advantage of Australia’s unique global position to further grow the sector.
The Australian Securities and Investment Commission (ASIC) has released its corporate plan for 2016-17 through to 2019-20, highlighting the role of innovation in both helping it achieve its various objectives and the challenges technology may pose.
Australia’s first listed fintech investment fund H2Ocean seeks raise of $55 million to fund fintech startups
H2 Ventures has announced Australia’s first listed fintech investment company, H2Ocean to expose investors to diverse portfolios and increase funding for early stage fintech startups. H2Ocean is seeking to raise a minimum of $27 million and a maximum of $55 million to provide a permanent and stable pool of capital for long-term investment opportunities.
ASIC releases consultation paper on regulatory sandbox licensing exemption to facilitate fintech innovation
ASIC has released a consultation paper on proposed regulatory sandbox licensing exemption to further facilitate fintech innovation. The proposal follows on from ASIC’s announcement last month to provide additional steps to assist early stage fintech startup companies navigate through regulatory framework.
The Australian Securities and Investments Commission (ASIC) has announced it is set to release a public consultation paper on a proposed regulatory sandbox licensing exemption next month.
Earlier this year, we covered a story about Michael Fraser, who also goes by the moniker “The Arbitrator”. Mr Fraser identifies himself as a consumer and business relationship advocate and has recently made headlines regarding his ongoing interactions with senior members of the Commonwealth Bank. He is communicating with them on behalf of a number of alleged victims who say their complaints have not been heard by the institution.
The new national business name registration system has now commenced, replacing the current state and territory registers. All Business name registrations are now managed by the Australian Securities and Investments Commission [ASIC] – Some of these changes may affect your business. Here are a few key facts provided by the Government that will answer some of the most obvious questions that you may have about the changes.