finder fintech roundup: The budget, debt collection, bitcoin and data

Elizabeth Barry 15 May 2017 NEWS

fintech data

The fintech sector reacted to the budget and notable influencers kept pushing for innovation.

Like the rest of Australia, those in fintech were affected by Budget 2017 announcements, as well as a few other key happenings from the past week. Catch up here.

Fintech sector welcomes Budget 2017

Fintech heavyweights such as Fintech Australia CEO Danielle Szetho and join Prospa CEO Beau Bertoli have welcomed this year's budget. Find out more about measures such as the enhanced regulatory sandbox and the open banking regime.

Government working to end the double taxation of bitcoin

Announced just before the budget, the government has accepted a recommendation by the Productivity Commission to end the double taxation of bitcoin. To do this, the digital currency will be treated as a financial supply for GST purposes.

Fintech beyond finance: How InDebted is innovating debt collection

While there has been a strong fintech focus on small- to medium-enterprises, not much of that has been in debt collection. We spoke to Kara Frederick about her new position on InDebted's board and how the startup plans to innovate the "archaic" debt collection industry.

Tyro director: Australia has to catch up to compete in the digital economy

We have been lagging behind in open banking and open data in Australia. We talk to Jost Stollman about the three necessities to a truly open banking regime and how Australia needs to "shamelessly learn" from its competitors.

The finder fintech roundup is a summary of the news in fintech from the past week. Check back every Monday to catch up.
Picture: Shutterstock

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