Why the RBA would want to create a digital Australian dollar

The Reserve Bank of Australia could join the likes of Estonia and Lebanon in creating a cryptocurrency based on the Australian dollar, to reap the benefits of technology like the blockchain but with more stability than other well known currencies like Bitcoin. The RBA has already been approached by interested startups to create this new digital currency, known as … Read more

Aussie fintech startups boast 200% revenue growth, but there’s still work to be done on diversity and collaboration

The second ever census of Australian fintech startups has shone a spotlight on the industry’s rapid growth and significant investment but the report reveals gender equality in the sector is still a ways off. FinTech Australia released the findings of its annual census at the Intersekt Collab/Collide summit in Melbourne this morning. The report, which was … Read more

Australian fintech startup HCash just revealed it raised $53 million through an ICO in July

Initial coin offerings (ICOs) are polarising the business world at the moment, but one Australian company has made hay while the sun shines, raising 21,000 Bitcoins worth of capital. Blockchain security startup HCash, which is developing its technology in conjunction with Melbourne’s Monash University, has revealed to Business Insider that the round closed on July … Read more

Government announces fintech “bridge” to UK to foster collaboration and investment

Treasurer Scott Morrison has unveiled plans for a new fintech “bridge” agreement between Australia and the UK in an effort to up investment in Aussie fintech startupsand make “digital business a global business”. Speaking at FinTech Australia’s Intersekt Collab/Collide summit today, Morrison announced the agreement will be signed by the end of the year. The commitment … Read more

This new ecosystem map showcases the “extraordinary” growth in Australian fintech

The astounding growth in Australian fintech startups has been highlighted in a new ecosystem map released by FinTech Australia today and comes ahead of the release of the organisation’s next census, which will be available later this week. One hundred and sixty-two companies are included in the snapshot, which is a 36% increase from just four … Read more

Industry association Insurtech Australia formed to support local insurance innovation

Startups, corporates and insurance industry professionals have come together to create Insurtech Australia, an insurance industry association designed to support startups and industry innovators working in the insurance sector. Created as a standalone division within fintech industry association FinTech Australia, Insurtech Australia is a national not-for-profit organisation that will seek to uphold the needs of startups … Read more

Disruptive technologies : understand, evaluate, respond (book)

Author: Paul Armstrong Disruptive Technologies outlines the steps businesses can take to engage with emerging technologies today in order to serve the consumer of tomorrow. This book offers the knowledge and tools to engage confidently with emerging technologies for better business. This highly practical book offers organizations a distinct response to emerging technologies including Blockchain … Read more