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FinTech

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World first cooperation between regulators on Fintech
ASIC (Australian Securities and Investment Commission) and the FCA (Financial Conduct Authority) of the UK have agreed to cooperate to assist innovative Fintech companies in Australia and the UK that wish to enter the other's market-Financial Services Update provided by Ashurst. http://download.asic.gov.au/media/3585954/fca-asiccoperation-agreement230316.pdf
23 August 2017 by Lynn Wood
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FinTech

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Open banking to encourage FinTechs
The Australian Government is conducting a review into open banking in Australia so that banks ? especially the Big Four ? open up their APIs and let FinTechs offer new financial products and services. In Europe, open banking has already been mandated by the European Commission. http://www.innovationaus.com/2017/08/ScoMo-to-pry-open-bank-data?
11 August 2017 by oliver

FinTech

https://youtu.be/I56ILiRMj9g


 
16 August 2016 by Lynn Wood

FinTech

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Innovation initiative to help create fintechs in the US
US politicians McHenry and McCarthy recently launched an "Innovation Initiative" to make it easier for American entrepreneurs to create fintech ventures, especially those that help fund small businesses. Traditionally, Britain has been a leader in this space. This lead is attributed to their more principle based approach versus the rules based approach in the US. The UK has introduced equity crowdfunding as well as innovative finance generally, and now has a growing industry based on it. http://techcrunch.com/2016/05/13/why-britain-is-beating-the-us-at-financial-innovation/
16 May 2016 by Lynn Wood