Australia’s peak fintech body, FinTech Australia has received a $200,000 funding grant from the Federal Treasury to promote Australia as a world leading fintech destination.
International fintech organisation Innovate Finance has today announced the launch of Global FinTech Hubs Federation [GFHF] to help foster innovation and collaboration across the global fintech industry. GFHF will enable participants from around the world to gain an influential point of engagement with international stakeholders and like-minded organisations.
As far as the startup landscape goes, the fintech sector has emerged as the real winner of Treasurer Scott Morrison’s 2016 Budget. A key focus has been made on supporting innovative ideas to ensure Australia is a leading destination for fintech companies and global disruptors.
The Australian fintech ecosystem has been ranked as one of the top seven globally in a report released today by Ernst & Young. The report examined access to talent and capital, an ecosystem’s regulatory environment, and demand among consumers for innovation in the financial space.
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