This week, Australian tech funding hits high figures, Scott Farrell leads the move to Open Banking and consumers ditch their bank branches for digital.
Mo money, mo fintech
Last week, it was India flashing the cash, and this week it’s been announced that Australia are closely following in their tracks. In the last quarter, $625 million has been pumped into Aussie startups, half of which went into fintech coffers. The fintech startups who received the most moolah included ZipMoney, Stockspot, and ofcourse, yours truly. Read more
Putting Open Banking in the Scottlight
Yesterday, the government announced Scott Farrell would to be the driving force of Open Banking in Australia. The partner at King & Wood Mallesons is known to be a huge fan of blockchain, and supports open data across all sectors of the Australian economy. Read more
UK Fintech opens doors to data
UK innovation foundation Nesta has launched an Open Up Challenge, giving twenty winning entrants access to a treasure chest of golden SME data, and £50,000 for them to play with. Fintechs such as Iwoca and DueDil have already done some nifty things with the prize, hinting at a promising future for open banking in fintech. May the doors to data remain fully open. Read more
Britannia rules again
New French president and ex-investment banker Emmanuel Macron has been pulling out all the stops to entice UK startups from across the channel, but, despite looming Brexit negotiations, fintechs are opting to remain in the capital. Read more
Is your cashier lonesome tonight?
A new report by Novantas has suggested that people are swapping talking for tapping, forgoing a visit to their local bank branch for online interaction. They report that even the older generations are going digital for their money management, leaving poor old cashiers with just the walls to talk to. Read more
These witnesses will not be silenced
This week saw Airwallexers Joe and Jasmine silence the courtroom with their insights on Fintech and the Law in front of the House of Representatives, with enough time for a cheeky selfie afterwards. #hearhear.