Regtech & Fintech DLT-as-a-Platform live in Australia
A few years in the making, now Australia's Australian Securities Exchange (ASX) is live with Synfini - its distributed ledger technology (DLT) as-a-service platform.
The premise is to offer multi-party services through the platform including automated consent management and data sovereignty with each party permissioned on the ledger according to specific security and privacy requirements.
Could this regtech/ fintech innovation see more applications of distributed ledger technology and faster business workflows? Already KPMG is building onto the platform the NSW government building assurance solution (Broadridge)
This week we’re going off road and into the ocean!
Ocean Impact Organisation announced their inaugural cohort
for their 2022 Accelerator Program which I’m proud to be supporting as a mentor.
What’s this got to do with Fintech? Well, there’s some loose
crossover, everyone’s a Fintech when it comes to money in and money out! But
really this is just a shout out for something great and impactful that’s
happening, so we don’t have to hear about how bad our stocks and crypto are
Check out the cohort here: https://www.ocean-impact.org/accelerator-program-2022-cohortAnd read the Press Release: https://bit.ly/3MowHT2
Fed up with the great resignation? How hard it is out there to
Is it a lack of talent? Big tech hoarding? Overinflated salaries?
Big tech are secretly laying off up to 30% of staff, managing
reduced valuations and increasing costs.
This trickles down to startups as a resetting of valuations
and raises. Fintech's will need to do more with less. But as the great
resignation turns into the great redundancy, maybe the gravy train is over.
Can Fintech pickup talent searching for a new home? Perhaps,
but there might be a slight re-adjustment on salary expectations.https://www.smartcompany.com.au/opinion/adam-schwab-tech-layoffs-jobs/
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