This Article was posted today:
http://www.zdnet.com/article/federal-government-establishes-fintech-advisory-group/
"Federal government establishes fintech advisory group".
Some key points from the article:
Fintech is just Red Hot. Imo Once the DD is done and the presentation is out we will be seeing alot more money coming in here. Good Fortune to all holders
- The federal government has announced it will be establishing a financial technology advisory group to help drive the country's fintech position in the Asia-Pacific region.
- "Although Australia is a leading financial services market in the region, the sector is becoming increasingly globalised and exposed to technological disruption. Many traditional financial products are being disrupted by the fintech sector, which is well positioned to become a leading player in the Asia-Pacific."
- The advisory group will also explore increased facilitation of digital advice models, the uptake of blockchain technologies, the tax treatment of digital currencies, data transparency and aggregation, and emerging insurance models, the spokesperson said.
- Examples of "new approaches" to fintech that are "stimulating more competition" to benefit consumers, according to the government include crowdfunding, peer-to-peer lending, mobile payments, digital currencies, and robo-advisers.
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