Next week Australia’s first dedicated fintech festival, Intersekt, will go live in Melbourne. Fintech and finance enthusiasts from across Australia will have the opportunity to engage themselves in a week’s worth of live and immersive content, ranging from the FinTech Australia and Next Money Collab/CollideSummit, to the NAB Hackathon and Visa Pitchfest.
A number of industry veterans, politicians and international keynote speakers will be featured, alongside up and coming fintech startups. If you’re local to Australia or even the APAC region, it’s not too late to get a ticket. Plus, as a loyal Daily Fintech reader, you can use my speaker code at the checkout to nab yourself a bargain – Speaker50
What is impressive about the conference is that the organisers have committed to meeting a gender equality target for speakers involved, as part of a broader initiative to increase the number of women involved in fintech across all sub-sectors.
Of course, like any festival, there are multiple event streams, and designing your own itinerary can be time consuming. So below is a curated list of sessions not to miss, for those with a small business fintech bent.
Behind the Scenes @ AirWallex (5pm Tuesday 30th October)
Airwallex is all about making cross-border transactions easier and simpler for SMEs. The platform utilises machine learning to identify the cheapest way of settling payments. One of the company’s early competitive advantages was its ability to obtain a licence in China to conduct international transactions, something many other big players have still not being able to land.
Opening Plenary – The Hon. Scott Morrison MP, Fed Treasurer of Aust (8:30am Thursday 1st November)
Just this week the government published draft legislation aimed at relaxing some of the conditions of the existing regulatory sandbox. Well timed indeed for Mr Morrison’s opening speech!
The news will be welcomed by some members of the fintech community, with the proposed amendments seeking to allow fintech startups to serve up to 100 customers for a maximum period of 24 months, as they seek to validate their business and find product/market fit. Generally speaking, those benefitting are most likely to be B2B startups – not many B2C fintech businesses could possibly prove out a business model on only 100 customers.
SME Lending Panel (11:00am Thursday 1st November)
Fintech business lenders are often seen as the knight in shining armour in the SME lending space. But with some charging what could be considered predatory rates, it will only take a few stories of heartbreak and a scandal here and there for the new kids on the block to lose their shine.
This panel will discuss the development of a broader lending charter for the sector, to foster best practices and hold the ‘cowboys’ to account.
If you are in town or attending, please let me know! You can contact me via twitter (@JessicaEllerm) or Linkedin. And if you have the chance, drop in to see my superannuation session on Friday at 11:40am.