Venture Insights attended the annual AltFi Australasian Conference on April 15^th 2018

The key takeaway from the conference was that the Fintech Industry in Australia is growing at a fast rate and the industry is optimistic about the Federal Government’s Open Banking initiative

Venture Insights recently attended the 2018 AltFi conference which included panel discussions from industry leaders in the Fintech space. Keynote speakers included Noah Breslow, CEO of OnDeck, and Mike Cutter from Equifax. The conference focused on the current state of the fintech market both globally and in Australia along with discussions around the future of the Fintech industry. One of the key themes of the conference was the future of online SME lending and the soon to be implemented Open Banking reform in which the banking industry will be the first sector to implement Consumer Data Rights (CDR). Australian fintech leaders debated how CDR and Comprehensive Credit Reporting (CCR) will affect businesses in the fintech sector with differing opinions. Below we have highlighted some of the key takeaways from the conference