FintechOz

Australia. New world. New Economy. Everything #Fintech under the Sun for all of Oz. Helps #finserv looking to setup in Europe too via our man in EU, @oakeslaw

[FintechOz @FintechOZ]

Australian breakfast TV compared some #fintech payments firms to banks for loading AUD1,000 onto travel cards:

#1 The big R, @RevolutApp
#2 @Wise
#3 Commonwealth Bank
#4 @Qantas
#5 @Australia Post

[FintechOz @FintechOZ]

Legislated #crypto service providers regime coming to Australia.

[Ｐｅｔｅｒ Ｏａｋｅｓ @Oakeslaw]

Australian Treasurer says plans to introduce licensing arrangements for businesses that offer #digitalassets such as #crypto & #stablecoin.

Governor of the Reserve Bank doesn't share the enthusiasm on #virtualassets.

https://t.co/Mbrf7e2cIX

@FintechOZ

[FintechOz @FintechOZ]

Yep. Have been a customer of @AllicaBank for years. Very rare to find an actual UK bank, not an emoney firm, in the UK with such seamless tech.

And important to note. The word 'banking' (& often 'bank') are being abused by quite a few as misdescriptions of non-bank services.

[ᖴIᑎTEᑕᕼ IᖇEᒪᗩᑎᗪ 🇮🇪 @FinTechIreland]

Hey @InterceptIE - this @AllicaBank we told you about yesterday which we heard about from @FinTechUK_HQ

https://t.co/ZNco6i93a1

[FintechOz @FintechOZ]

Australia could be cash-free in five years. Are we ready?

Despite our move away from the folding stuff, we’re not doing enough to help older generations embrace digital payments, nor are we building the infrastructure needed. By @wilsonbec

https://t.co/7EpIxXkJFq

[FintechOz @FintechOZ]

Scott Farquhar to step down as #Atlassian co-CEO

https://t.co/yUhGlAWYNt

[FintechOz @FintechOZ]

Critics warn changes to #buynowpaylater don’t go far enough.

#BNPL

https://t.co/Nkp776p86N

[FintechOz @FintechOZ]

By @oakeslaw: Recent #fintech enforcement news from @ASIC. Both involve regulatory misuse of #crypto (not that #crypto itself is a breach of Australian law).

Good cases for the #antimoneylaundering / #financialcrime typology library when training staff

https://t.co/uKsiOeQ5S1

[ASIC Media @asicmedia]

We invite representatives from the #credit, #banking, #insurance and #superannuation industries to join our virtual workshop exploring insights and best practices for supporting #FirstNations consumers experiencing financial abuse. Register now https://t.co/u0WDSV0wiK

[ASIC Media @asicmedia]

‘Quantum AI’ and ‘Immediate Edge’ are some of the most prolific online investment trading platform #scams. Find out how ASIC, as part of the National Anti-Scam Centre, is working to disrupt investment scams https://t.co/fcgysXImoR

@acccgova‘Quantum AI’ and ‘Immediate Edge’ are some of the most prolific online investment trading platform #scams. Find out how ASIC, as part of the National Anti-Scam Centre, is working to disrupt investment scams https://t.co/fcgysXImoR

@acccgova‘Quantum AI’ and ‘Immediate Edge’ are some of the most prolific online investment trading platform #scams. Find out how ASIC, as part of the National Anti-Scam Centre, is working to disrupt investment scams https://t.co/fcgysXImoR

@acccgova‘Quantum AI’ and ‘Immediate Edge’ are some of the most prolific online investment trading platform #scams. Find out how ASIC, as part of the National Anti-Scam Centre, is working to disrupt investment scams https://t.co/fcgysXImoR

@acccgova‘Quantum AI’ and ‘Immediate Edge’ are some of the most prolific online investment trading platform #scams. Find out how ASIC, as part of the National Anti-Scam Centre, is working to disrupt investment scams https://t.co/fcgysXImoR

@acccgovau

[FintechOz @FintechOZ]

"@asicmedia is stopping investment scams at the source of their promotion, removing them from the internet before they can lure in unsuspecting consumers.". That's a big job says @Oakeslaw of https://t.co/v8q0Whdg1y

[ASIC Media @asicmedia]

Our latest #enforcement and #regulatory update highlights our work to disrupt investment #scams, and how our surveillance activity has been targeted to prevent consumer harm with a focus on market integrity, greenwashing, insurance failures and compliance https://t.co/f2bbn7lYKOur latest #enforcement and #regulatory update highlights our work to disrupt investment #scams, and how our surveillance activity has been targeted to prevent consumer harm with a focus on market integrity, greenwashing, insurance failures and compliance https://t.co/f2bbn7lYKOur latest #enforcement and #regulatory update highlights our work to disrupt investment #scams, and how our surveillance activity has been targeted to prevent consumer harm with a focus on market integrity, greenwashing, insurance failures and compliance https://t.co/f2bbn7lYKOur latest #enforcement and #regulatory update highlights our work to disrupt investment #scams, and how our surveillance activity has been targeted to prevent consumer harm with a focus on market integrity, greenwashing, insurance failures and compliance https://t.co/f2bbn7lYKOur latest #enforcement and #regulatory update highlights our work to disrupt investment #scams, and how our surveillance activity has been targeted to prevent consumer harm with a focus on market integrity, greenwashing, insurance failures and compliance https://t.co/f2bbn7lYKOur latest #enforcement and #regulatory update highlights our work to disrupt investment #scams, and how our surveillance activity has been targeted to prevent consumer harm with a focus on market integrity, greenwashing, insurance failures and compliance https://t.co/f2bbn7lYKV

[FintechOz @FintechOZ]

#Bitcoin    is surging. This is why it may not last

#crypto-specific factors in the resurgence of the flagship for #cryptoassets include the most significant one - US SEC’s begrudging approving spot trading of #btc    by ETFs in January

https://t.co/YCHERMCRuf

@Oakeslaw

[FintechOz @FintechOZ]

Although self-managed super funds (SMSFs) now hold about $1 billion in #cryptoassets compared to $240 million just three years ago (and zero five years ago), that is less than 0.03% of the $3.5 trillion in total held in Australia's super pool. #BTC

https://t.co/yPSpQQcn4c

[FintechOz @FintechOZ]

“APRA don’t like seeing a bank application from a bunch of disruptive entrepreneurs with an innovative product. That has been the challenge, and that is something they will need to get their head around if more banks will be starting.” said Avenue’s co-founder Colin Porter.

[Ｐｅｔｅｒ Ｏａｋｅｓ @Oakeslaw]

Neo bank #AvenueBank shrugs of covid & US bank failures to become Australia's newest #fintech bank & first niche bank focused on providing bank guarantees to small businesses & landlords.

https://t.co/H318BNfleG

@FinTechUK_HQ

[FintechOz @FintechOZ]

Reserve Bank of Australia's Consumer Payment Survey showed in the past 3 years the percentage of Australians paying with cash has halved from more than 27% of total payments to just 13%

[Ｐｅｔｅｒ Ｏａｋｅｓ @Oakeslaw]

Cash #payments continue to decline as Aussies move to electronic methods, RBA says

https://t.co/GeTuFRryi1

[FintechOz @FintechOZ]

"Know-it works by connecting to accounting software like Xero or Quickbooks."

[Ｆｉｎｔｅｃｈ ＵＫ 🇬🇧 @FinTechUK_HQ]

Scottish #fintech, @Knowitglobal, that provides a cloud-based credit management solution for SMEs, is aiming to land in Australia in 2024 after picking up a raft of customers in the UK since its launch this year. By @timbiggs @FintechOZ

https://t.co/LtOjgjU0oR

[Ｐｅｔｅｒ Ｏａｋｅｓ @Oakeslaw]

#Waratahs no.10 Ben Donaldson selected over Japan-based Bernard Foley in Eddie Jones's newlook #Wallabies for #RWC2023.

Slipper & Hooper to share captaincy.

Koroibete, Skelton and Kerevi confirmed.

https://t.co/Z4btYiFXwj

[ShiteCoin @shitecoin]

Outrageous. @iamjohnoliver on @LastWeekTonight says that any #crypto can be built by anyone with a laptop. #Shitecoin took two laptops. Price based on number of Ryanair flights which arrive on time. And runs on Ireland's #craicchain.

[FintechOz @FintechOZ]

"Fingers pointed to an issue at #TechMahindra, an Indian tech firm that provides administration services for a range of #Perpetual superannuation products including unit registry, client administration, insurance administration and reporting."

https://t.co/QyvllKBf9f

[TransferMate @TransferMate]

What a week at @money2020!🙌

A special thanks to @Entirl & Dr. Jennifer Carroll MacNeill TD, Minister of State at the Department of Finance who spoke with the team getting an insight into TransferMate's cutting-edge solutions, helping the growth of the Irish #fintech industry.

[FintechOz @FintechOZ]

#fintech #payments leader @Tyro finds that in May this year 40% of cafes and restaurants levied surcharges, compared to 25% in May 2022 when inflation started to rise. Meanwhile, 41% of pubs and bars surcharged compared to 29% a year earlier.

https://t.co/2b5kN7AGoN