This week, Sydney creates a mega-hub, Fintech Australia fights to revoke sponsorship restrictions, and Indian fintech tops investment charts.
It’s always good to follow Parisian models
The government of New South Wales has announced a $35 million plan to fire up a startup innovation hub in Sydney, bringing 2500 of the brightest sparks in technology together in one location. Modelled on mega-hub Station F in Paris, it’s set to be the biggest of its kind in the Southern Hemisphere. Read More
A hero lies in Fintech Australia
Saving the fintech landscape one lobby at a time, Fintech Australia along with StartupAUS and TechSydney have won the fight to protect the rights of foreign fintech employees to stay in the country. Thanks to their hard work, six new occupations have been added to the list of Migrant workers allowed to stay on the 457 visa, which had seen severe cutbacks last April. Read More
Want to be a fintech billionaire?
Move to India. Indian fintech investors have been letting their purse-strings run wild and loose in 2017, having funded a whopping $2 Billion into the fintech sector between January and June 2017. The latest expenditures take the fintech sector to the top of India’s investment charts, pipping e-commerce and Healthtech. Take that, hospitals. Read More
Blockchain too slow for banks
Slow and steady does not win the transactional banking race. A number of UK fintechs have announced concerns over Blockchain’s suitability for transactional banking, stating its public nature makes it too slow to keep up with banking. Read More
Consolidation for the nation
The Challenger Bank Battlefield, a recent fintech reports looked at a number of challenger banks as case studies, argues that consolidation between fintechs and banks is becoming the inevitable. It states that both fintechs and banks got what each other needs, and together they will create a new banking ecosystem. Sounds epic.Read more
A quote can paint a thousand tweets
This week Airwallex's Joe McGuire won the panel over at London Fintech Week with his comments about SWIFT. You'll have to check our social media to find out what they were...