In between bites of their sausage sizzles, many Australians may not have realised the impact of their vote on the 4th largest export industry in Australia, Technology.Australia contributes c1.6% of Global GDP. In comparison we contribute c2.1% of the Fintech market size globally as the 6th largest hub.Payments, Crypto, CBDC and other financial regulatory and infrastructure changes sit poised with our new Government.The next steps we take will demonstrate to the world if we are a tech follower or leader.The opportunity exists, isn't it time Australia put on their big boy technology pants?https://www.afr.com/technology/australia-gets-its-second-shot-at-being-a-tech-nation-20220523-p5ants

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Open Banking FinTech Frollo's latest consumer report suggests two thirds of consumers would consider changing banks if the process was easier and friction was removed.The report surveyed consumers from a range of backgrounds, and not just those who already use FinTech products, supporting the hypothesis that if banks offers products & services that have hitherto been offered only by FinTechs, consumer appetite would be high.Recent changes to the Open Banking accreditation process have seen a flurry of activity outside the banking section, offering further vindication and traction of the CDR (consumer data right) regime.https://www.frollo.com.au/blog/two-thirds-of-australians-want-to-use-open-banking-to-switch-banks/

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Can Fintech change the world, for good?If you ask many of the founders applying new models to financial services, then yes.From supporting reforestation, powering solar energy projects, tracking and highlighting carbon emissions to enabling access to ethical and sustainable investments, the rise of Green Fintech is no longer a trend.A new ecological awareness of product use is here, customers care and why shouldn't that include financial products?Investors are also taking note with a significant increase in sustainable investments in Fintech.And at the forefront in Australia is Startup Bootcamp's recently launched Sustainable Fintech Fund.https://www.startupbootcamp.com.au/blog/global-sust

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