- The latest from ASIC’s Innovation Hub, AUSTRAC and APRA
ASIC’s Innovation Hub exists to foster innovation that could benefit consumers by helping Australian fintech start-ups navigate the regulatory framework. Learn about ASIC’s approach to innovation and the services and resources ASIC has available for fintech businesses. A range of speakers will give an update on ASIC’s experience working with fintech start-ups and ways you can engage to promote good outcomes and create efficiencies. The session will explore topics including: - ASIC’s approach to innovation - Informal assistance available for fintechs, including resources, tips and pointers for start-ups - ASIC’s experience with fintechs applying for AFS and credit licences - International engagement and networks - ASIC’s new regtech funding - ICOs and crypto-assets Also hear an update from AUSTRAC and from APRA on its experiences and tips for engaging with its Licensing Unit There will plenty of time for Q&A and feedback as well. (NB: Entrance to the building is on Harris Street)
- ASIC, AUSTRAC and ATO discuss regulatory view on Initial Coin Offerings (ICOs)
There has been a lot of hype around Initial Coin Offerings (ICOs) and Cryptocurrencies there remains uncertainty on how ICOs and cryptocurrencies are viewed by local regulators. The Australian Securities and Investments Commission (ASIC), Australian Transaction Reports and Analysis Centre (AUSTRAC) and the Australian Tax Office (ATO) are convened in a Regulators public session to share and discuss the regulatory view on ICOs and crypto. This is your opportunity to hear directly from the regulators as well as asking the important questions relating to ICOs and crypto such as: · What are ICOs and what are the warnings the regulators are giving? · Can I do my own ICO in Australia? Do I need a license? · What's the tax treatment of crypto currencies and what tax issues arise for ICO’s? RSVP below, spots for this event are limited.
- Meet the fintech regulators - ASIC, Austrac, APRA and RBA
It's back! Due to the overwhelmingly positive response to last year's Meet The Regulators event, we've brought back representatives from the major regulators affecting Fintechs in Australia - ASIC, Austrac, APRA, OAIC and RBA. There has been a mountain of change since the last regulator event so each will provide an update to their innovation initiatives and explain how fintechs can navigate the new (and impending) regulatory landscape. There will also be plenty of time for questions - so bring your best (and hardest!). For fintech startups and corporates, this is an event not to be missed! Regulation is absolutely key to not only the success of a fintech concept, but even just getting it off the ground. Topics discussed include: - ASIC's informal assistance, sandbox, international network and regtech - Proposals for a phased approach to licensing banks - New Payments Platform update - Public/Private partnerships to combat financial crime - Why privacy is important for new fintech businesses, and some tips on good data handling practices and conducting privacy impact assessments. ...and more! RSVP now for one of biggest events in the Sydney Fintech Calendar.
- LAST CHANCE - Equity Crowdfunding Regime - Have your say!
In response to Federal Treasury's recently announced Equity Crowdfunding Regime Proposal (http://www.treasury.gov.au/ConsultationsandReviews/Consultations/2017/Extending-CSEF-to-proprietary-companies) we've partnered with FinTech Australia (https://fintechaustralia.org.au/) to help get community feedback on the plan to government. The feedback from our meetup will go into FinTech Australia's submission back to Treasury with the hope that it will lead to a final regime well-tailored to the needs of startups. The agenda for the evening will be: • An Overview of the proposed regime and what it means for Startups/Investors • FinTech Australia's perspective on how the new proposed regime might be improved • Inputs from the Sydney Fintech Startup Community on what you think of the new regime, and anything you may be concerned about The idea being that before FinTech Australia finalise their submission to Federal Treasury they've had a good opportunity to exchange views with a broad spread of the community. Hope to see you there. Kim.
- Discussing ASICs Regulatory Sandbox
ASIC has launched a regulatory sandbox environment, designed to help fintechs develop and test their ideas. It includes a world-first class waiver that allows eligible businesses to test certain services for up to 12 months without an Australian financial services or credit licence. ASIC Commissioner John Price, and Senior Executive Leader Mark Adams will explain how it works, who is eligible and address questions.
- Insurtech: The opportunities for Australian startups and insurers
We are pleased to be partnering with the Insurtech Sydney Meetup (https://www.meetup.com/Insurtech-Sydney/) for their inaugural event and formal launch. The Topic The focus will be on "The Insurtech Opportunity": Insurtech has largely been left behind in the Fintech agenda in Australia. Globally however, Insurtech is attracting serious venture capital and attention from the global insurers. Despite this, there are limited Australian Insurtech startups but high demand from many Australian insurers looking for new technologies to improve their customer experiences, deliver products and services in new ways and transform their operating models. This poses a great opportunity for technology startups and insurers to collaborate. To highlight the opportunities for technology startups, we have assembled some great speakers and panelists to shed some light on the Insurtech opportunities globally and some of the common challenges (and opportunities) in the Australian insurance sector. The event will include: • A panel discussion with panelists from: · Tim Tez, MetLife Insurance Ltd., Chief Product and Marketing Officer · Dan Cohen, FlareHR, Managing Director · Alfred Lo, AMP New Ventures, Head of AMP New Ventures · Vanessa Dobson, Munich RE, Manager Research and Development • A presentation by KPMG on the Second Quarter 2016 The Pulse of Fintech, with a focus on Insurtech. Details below: • Start: 5:30 pm drinks, nibbles and networking • Presentations start at 6:00 pm • Conclusion of presentations: 7.15pm • Networking and drinks: 7:15 to 8.00pm
- Next Money + Sydney FinTech Startups Meetup: Innovative Payments
For this meetup we've partnered with Next Money's (Formerly Next Bank) Sydney chapter. Next Money (https://nextmoney.org/) is the world’s fastest growing fintech collaboration platform built by a global network of innovators, communities, events and programs. The focus will be on "Innovative Payments": The Payments space has been changing rapidly and we've assembled some great speakers to shed some light on interesting activity in the space: • Paul Buchanan (https://www.linkedin.com/in/buck95) (Head of Mobile Business, Global Owner NFC - PayPal) • David Thomasson (https://www.linkedin.com/in/david-thomasson-4238a55) (Division Director, Payments - Macquarie Bank) • Meow-Ludo Meow Meow (https://www.linkedin.com/in/meow-ludo-meow-meow-13b66226) (BioFoundry) • Andrew Sharpe (https://www.linkedin.com/in/andrew-sharpe-b41614) (Product Owner - OneFill (http://www.onefill.com/)) Details below: • Start: 5:30pm drinks and nibbles • Presentations start at 5.45pm • Conclusion of presentations: 7.00pm • Networking and drinks: 7 to 8.00pm
- ASIC regulatory sandbox
ASIC Commissioner John Price, and Senior Executive Leader Mark Adams will take us through the ASIC consultation paper on a Regulatory Sandbox for Fintech startups that was published on 8 June. You can read more about the paper here (http://www.asic.gov.au/about-asic/media-centre/find-a-media-release/2016-releases/16-185mr-asic-consults-on-a-regulatory-sandbox-licensing-exemption/). You will have an opportunity to ask how it might work in practice and how you can be involved in developing a submission to the consultation paper. ================================ SCHEDULE ================================ 6:00pm Networking & drinks 6:30pm ASIC presentation on regulatory sandbox 7:00pm ASIC Q&A with fintech & startup community 7:30pm Networking & drinks
- FinTech Regulation 101 - Joint Regulator Info Session
Following on from our ASIC session, we now have another "first-of-its-kind" event for you. Representatives of all the major bodies that regulate FinTech (there are a few of them!) will be coming to help you navigate the web of regulation that currently exists. FORMAT We've come up with a format that will make sure there's not too much dry information and that you'll have a chance to get any questions you have answered. The night will be split into a 5 short (8 minute) presentations from each regulator (see below) that will cover what they do and where they fit in the broader regulatory picture. 8 mins - ASIC 8 mins - Austrac 8 mins - APRA 8 mins - RBA 8 mins - OAIC After that there will be a 45 minute joint Q&A session Tyro will be hosting the evening in their new event space and there will be drinks/food provided as well. Places are unlimited - so bring your friends! SCHEDULE 6:00pm: Doors Open 6:30 - 7:15: Presentations 7:15 - 8:00: Q&A 8:00 - 9:00: Network, ask more questions etc. 9:00pm: Doors Close
- Q&A with GM Strategy & Planning at ANZ - Patrick Maes
Happy new year everyone! We're back for 2016 and for our first event we have Patrick Maes, GM Strategy & Planning at ANZ up from Melbourne, to do a Q&A session. With ANZ super-focused on innovation after the appointment of new CEO Shayne Elliot, it will be great to hear Patrick's thoughts on fintech, startups and much more. It will be a more intimate session than we normally have - only 70 spaces are available - so make sure you RSVP. Date: Monday 4th April Venue: Tank Stream Labs Schedule: 6.00 – Arrivals 6:15 - Interview with Patrick Maes & Audience Q&A 7:15 - Networking, Nibbles & Drinks 8:00 - Event Close