2 December 2022

Australia stars at the world’s largest fintech festival

Australian fintechs were in the spotlight at the first in-person Singapore Fintech Festival (SFF) since 2019. SFF 2022 featured over 850 speakers and more than 570 exhibitors. The event drew a record 62,000 participants from 115 countries.

More than 2,500 people visited the Australia Pavilion over the 3-day event.

‘We spoke to many companies and interested parties at the Australia Pavilion,’ says Austrade Senior Trade and Investment Commissioner Stephen Skulley. ‘We made some great connections that we hope to convert to export or investment opportunities.’

Connecting innovative Australian fintechs to the world

Austrade’s co-exhibitors at the Australia Pavilion included Fintech Australia, the RegTech Association, Global Victoria, Investment New South Wales, and Stone & Chalk.

With these co-exhibitors’ support, Austrade brought 81 delegates from 35 Australian fintechs to SFF. Also in attendance were representatives from Australian banks, accelerators and industry associations. Find out more about the Australian fintechs.

Australia’s Consumer Data Right showcased at the World Fintech Festival

Austrade presented on Australia’s open finance model – considered the world’s most comprehensive – on the World Fintech Festival stage.

‘Europe and the UK started with open banking. Australia learned from them and created Consumer Data Right, a far more robust and reliable framework,’ says Ruth Hatherley, CEO of Moneycatcha.

‘The [Australian] Government included technology companies and banks in the process to help design frameworks, data standards and schemas. There’s a lot of rich information there.’

Watch the Austrade session on Australia’s open finance model here.

Advice on navigating the Singaporean fintech market

Austrade also hosted an information and networking reception for Australian delegates. The Singapore Fintech Association (SFA) and Singapore-based Australian companies shared insights on the Singaporean fintech ecosystem and advice on navigating the Asian market. Venture capitalists also shared expansion and fundraising tips for Singapore.

‘Thanks to our collaboration with SFA and support from regional Austrade posts, we enhanced the relationship and potential business opportunities with regional fintech associations for Australian fintechs,’ says Skulley.

Austrade’s Business Development Managers in Singapore, Indonesia and Thailand also arranged business matching meetings between regional customers and Australian fintechs.

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