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05-04-2016, 02:01 PM
Australia hopes fintech will be its golden ticket, but it's **t that easy
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Australia's gone mad for fintech, but whether it will prove the country's golden ticket as the mining boom dries up is a**ther question.
The industry has certainly captured the Australian government's imagination, however. A speech can hardly go by without fintech being name-checked by politicians standing in warehouse-turned-startup hubs across the nation
SEE ALSO: Global tech companies to pay up as Australia gets its own 'Google Tax' (http://mashable.com/2016/05/03/australia-introduces-google-tax/)
In the 2016 Budget passed down Tuesday, fintech startups were among the most prominent beneficiaries of federal largesse. The government set aside (http://budget.gov.au/2016-17/content/bp2/html/bp2_expense-22.htm) A$200,000 to promote Australia internationally as a fintech market and it's considering creating an idea-testing "sandbox" (http://budget.gov.au/2016-17/content/glossies/jobs-growth/html/jobs-growth-01.htm), which will let fintech startups operate without certain regulations for up to six months. Read more... (http://mashable.com/2016/05/04/fintech-startups-australia/)
More about Budget 2016 (http://mashable.com/category/budget-2016/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Fintech (http://mashable.com/category/fintech/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Australia (http://mashable.com/category/australia/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Startups (http://mashable.com/startups/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/dlYxYWWSuuo
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Australia's gone mad for fintech, but whether it will prove the country's golden ticket as the mining boom dries up is a**ther question.
The industry has certainly captured the Australian government's imagination, however. A speech can hardly go by without fintech being name-checked by politicians standing in warehouse-turned-startup hubs across the nation
SEE ALSO: Global tech companies to pay up as Australia gets its own 'Google Tax' (http://mashable.com/2016/05/03/australia-introduces-google-tax/)
In the 2016 Budget passed down Tuesday, fintech startups were among the most prominent beneficiaries of federal largesse. The government set aside (http://budget.gov.au/2016-17/content/bp2/html/bp2_expense-22.htm) A$200,000 to promote Australia internationally as a fintech market and it's considering creating an idea-testing "sandbox" (http://budget.gov.au/2016-17/content/glossies/jobs-growth/html/jobs-growth-01.htm), which will let fintech startups operate without certain regulations for up to six months. Read more... (http://mashable.com/2016/05/04/fintech-startups-australia/)
More about Budget 2016 (http://mashable.com/category/budget-2016/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Fintech (http://mashable.com/category/fintech/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Australia (http://mashable.com/category/australia/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Startups (http://mashable.com/startups/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/dlYxYWWSuuo