Fintech opportunities in Australia with Commonwealth Bank, AusTrade & Fintech Ireland, supported by the Irish Australian Chamber of Commerce and the Australian Embassy to Ireland
FINTECH OPPORTUNITIES IN AUSTRALIA - COMMONWEALTH BANK OF AUSTRALIA, AUSTRADE & FINTECH IRELAND
All 50+ places for this event have been taken. We sent the invitation to people on our mailing list. If you are not on the mailing list you may miss out on our next event it. Join it HERE . If you are on the wait list we'll inform of a cancellation in order of names on the wait list. See our Linkedin post at https://www.linkedin.com/feed/update/urn:li:activity:6407114580211888128
Date: Wednesday 30th May 2018
Time: 15:00-17:30
Venue: Offices of Taxback/TransferMate, 14 Stephen's Green, Dublin 2
Cost: None - its FREE!
Registration: We are using a private page on EventBrite for registration. Subscribers to our mailing list will receive an email to the registration page. If you are not on our mailing list, join it at https://fintechireland.com/get-involved.html. There is limited capacity. We also need to hold places for guests of Commonwealth Bank, Austrade and the Irish Australian Chamber of Commerce. If we can open up our registration to people not on our mailing list we will update this page. We are using a private page on EventBrite for registration. We reserve the right to approve any and all registrations received.
Format: Short Presentations and Panel Discussions with Case Studies, plus Q&A from Commonwealth Bank, AusTrade, Fintech Ireland and case studies from Irish fintech and regtech companies which have entered the Australian market. The Commonwealth Bank will be represented by its Head of Innovation Lab, London – Supun King-Jayawardana, Austrade by its Senior Trade & Investment Commissioner – Mr David Watson. The event will be chaired by and panel sessions moderated by the Founder of Fintech Ireland – Mr Peter Oakes. We will be announcing the Fintech and Regtech firms to be showcased shortly, as well as our Panel Discussion members.
Fintech Ireland is exceptionally pleased to announce this unique event on Fintech opportunities in Australia with Commonwealth Bank & AusTrade. Thanks to support from the Australian Embassy to Ireland and the Irish Australian Chamber of Commerce. A number of Irish regtech and fintech companies have expanded into Australia over recent years, and we are also seeing Australian finserv and fintech companies setting up their European HQs in Ireland.
Thanks to TaxBack and TransferMate for the use of their meeting rooms for this excellent event.
This event will focus upon the trade opportunities in Australia and is an excellent opportunity to connect directly with:
Also in the room will be representatives from both the Australian Embassy in Ireland and the Irish Australian Chamber of Commerce to help with additional questions you might have.
Some facts about the Australian economy which you may not know:
Examples of Irish fintech and regtech companies who have advanced into Australian include: TransferMate, Fenergo, Gecko Governance, Kyckr, Corlytics, CurrencyFair, Fexco plus other tech companies like Prodigy Learning and CyberRiskAware.
Other background information relevant to this event:
ASIC & FCA regulatory cooperation agreement: On 23 March 2016, the Financial Conduct Authority (FCA) and Australian Securities and Investments Commission (ASIC) signed a regulatory cooperation agreement which provides reciprocal support to Fintech firms entering the Australian and UK Markets.
Collaboration framework between Commonwealth Bank’s Innovation Lab and Austrade: In March 2017, The Australian Minister for Trade, Tourism and Investment, The Honourable Steven Ciobo MP, signed a collaboration framework between the Commonwealth Bank of Australia’s London Innovation Lab and the Australian Trade and Investment Commission. This initiative helps identify innovation and two-way investment, serving as a platform to support Australian firms, with unique Fintech solutions, to enter the UK market and for UK companies looking to enter Australia.
ING and Commonwealth Bank RegTech Pilot:
February 2018 – ING and Commonwealth Bank of Australia (CBA) have recently completed a RegTech pilot, in London, to simplify processing of information and implementation of regulation using the Markets in Financial Instruments Directive II (MiFID II) as a test case. The Financial Conduct Authority (FCA) was a key member of this experiment and participated as an observer of the project. Observing the project gave the FCA greater understanding of the potential applications of RegTech, Natural Language Processing (NLP) and Artificial Intelligence (AI), and how these technologies can help organisations simplify and meet their compliance obligations. The project, completed in partnership with fintech, Ascent Technologies and law firm Pinsent Masons, used NLP and AI to interpret and convert 1.5 million paragraphs of regulation into a series of bitesize, actionable tasks appropriate for the banks.
We look forward to welcoming you on Wednesday 30th May.
We reserve the right to approve any and all registrations received. Priority will be given to Fintech Ireland subscribers and guests of the Commonwealth Bank of Australia, Austrade, the Irish Australian Chamber of Commerce and the Australian Embassy to Ireland. This is a free event, we reserve the right to cancel or amend the event for any reason. Fintech Ireland’s Privacy Policy is located at https://fintechireland.com/uploads/3/5/4/5/35459745/fintech_ireland_privacy_policy.pdf
All 50+ places for this event have been taken. We sent the invitation to people on our mailing list. If you are not on the mailing list you may miss out on our next event it. Join it HERE . If you are on the wait list we'll inform of a cancellation in order of names on the wait list. See our Linkedin post at https://www.linkedin.com/feed/update/urn:li:activity:6407114580211888128
Date: Wednesday 30th May 2018
Time: 15:00-17:30
Venue: Offices of Taxback/TransferMate, 14 Stephen's Green, Dublin 2
Cost: None - its FREE!
Registration: We are using a private page on EventBrite for registration. Subscribers to our mailing list will receive an email to the registration page. If you are not on our mailing list, join it at https://fintechireland.com/get-involved.html. There is limited capacity. We also need to hold places for guests of Commonwealth Bank, Austrade and the Irish Australian Chamber of Commerce. If we can open up our registration to people not on our mailing list we will update this page. We are using a private page on EventBrite for registration. We reserve the right to approve any and all registrations received.
Format: Short Presentations and Panel Discussions with Case Studies, plus Q&A from Commonwealth Bank, AusTrade, Fintech Ireland and case studies from Irish fintech and regtech companies which have entered the Australian market. The Commonwealth Bank will be represented by its Head of Innovation Lab, London – Supun King-Jayawardana, Austrade by its Senior Trade & Investment Commissioner – Mr David Watson. The event will be chaired by and panel sessions moderated by the Founder of Fintech Ireland – Mr Peter Oakes. We will be announcing the Fintech and Regtech firms to be showcased shortly, as well as our Panel Discussion members.
Fintech Ireland is exceptionally pleased to announce this unique event on Fintech opportunities in Australia with Commonwealth Bank & AusTrade. Thanks to support from the Australian Embassy to Ireland and the Irish Australian Chamber of Commerce. A number of Irish regtech and fintech companies have expanded into Australia over recent years, and we are also seeing Australian finserv and fintech companies setting up their European HQs in Ireland.
Thanks to TaxBack and TransferMate for the use of their meeting rooms for this excellent event.
This event will focus upon the trade opportunities in Australia and is an excellent opportunity to connect directly with:
- Commonwealth Bank of Australia - one of Australia's largest banks
- AusTrade, the Australian government’s Trade and Investment arm, will cover wider opportunities in the Australian market and the support they can provide.
Also in the room will be representatives from both the Australian Embassy in Ireland and the Irish Australian Chamber of Commerce to help with additional questions you might have.
Some facts about the Australian economy which you may not know:
- Australia’s economic growth has outperformed its peers for the past two decades and the fundamentals are in place for this trend to continue.
- According to IMF forecasts, Australia is expected to realise average annual real GDP growth of 2.9 per cent between 2017 and 2021 – the highest among major advanced economies.
- Revenue from financial technologies in Australia is forecast to grow to A$4.2 billion by 2020
- With assets of more than A$7 trillion - over four times the country’s nominal GDP - Australia’s financial sector offers access to one of the Asia-Pacific region’s largest pools of bank assets as well as the world’s third largest pension asset pool.
- Australia’s major banks (ANZ, CBA, NAB, Westpac) are among the top 50 globally in terms of asset size and rank in the top 20 globally for safest banks. Australia’s A$2 trillion pension assets are expected to grow to A$4.5 trillion over the next decade and the major driver behind the country’s globally significant funds management industry
- Australia’s financial markets are among the largest and most sophisticated in the Asia- Pacific region with total annual turnover exceeding A$135 trillion or 84 times nominal GDP
Examples of Irish fintech and regtech companies who have advanced into Australian include: TransferMate, Fenergo, Gecko Governance, Kyckr, Corlytics, CurrencyFair, Fexco plus other tech companies like Prodigy Learning and CyberRiskAware.
Other background information relevant to this event:
ASIC & FCA regulatory cooperation agreement: On 23 March 2016, the Financial Conduct Authority (FCA) and Australian Securities and Investments Commission (ASIC) signed a regulatory cooperation agreement which provides reciprocal support to Fintech firms entering the Australian and UK Markets.
Collaboration framework between Commonwealth Bank’s Innovation Lab and Austrade: In March 2017, The Australian Minister for Trade, Tourism and Investment, The Honourable Steven Ciobo MP, signed a collaboration framework between the Commonwealth Bank of Australia’s London Innovation Lab and the Australian Trade and Investment Commission. This initiative helps identify innovation and two-way investment, serving as a platform to support Australian firms, with unique Fintech solutions, to enter the UK market and for UK companies looking to enter Australia.
ING and Commonwealth Bank RegTech Pilot:
February 2018 – ING and Commonwealth Bank of Australia (CBA) have recently completed a RegTech pilot, in London, to simplify processing of information and implementation of regulation using the Markets in Financial Instruments Directive II (MiFID II) as a test case. The Financial Conduct Authority (FCA) was a key member of this experiment and participated as an observer of the project. Observing the project gave the FCA greater understanding of the potential applications of RegTech, Natural Language Processing (NLP) and Artificial Intelligence (AI), and how these technologies can help organisations simplify and meet their compliance obligations. The project, completed in partnership with fintech, Ascent Technologies and law firm Pinsent Masons, used NLP and AI to interpret and convert 1.5 million paragraphs of regulation into a series of bitesize, actionable tasks appropriate for the banks.
We look forward to welcoming you on Wednesday 30th May.
We reserve the right to approve any and all registrations received. Priority will be given to Fintech Ireland subscribers and guests of the Commonwealth Bank of Australia, Austrade, the Irish Australian Chamber of Commerce and the Australian Embassy to Ireland. This is a free event, we reserve the right to cancel or amend the event for any reason. Fintech Ireland’s Privacy Policy is located at https://fintechireland.com/uploads/3/5/4/5/35459745/fintech_ireland_privacy_policy.pdf