Eleven UK FinTechs have arrived in Australia on a special government trade mission to build connections with businesses and government in the country.
The chosen companies will represent the UKâ€™s FinTech industry at Australiaâ€™s Intersekt Festival where they will be greeted by the Sydney Consul-General.
Companies involved in the weeklong tour include international payment solution and infrastructure developer CurrencyCloud, cloud-based asset and automotive finance provider QV Systems, and banking API developer Clear Bank.
The delegates will deliver keynote speeches and presentations to conference delegates and senior officials from the Australian and New Zealand markets.
They will also hear speeches from senior figures about the Australian FinTech landscape, recent policy developments and discuss how they can work closely to build partnerships. They will also hear about the lessons learned for companies seeking to establish in Australia.
Finally, the delegates will listen to first-hand experiences from business leaders about the rewards and challenges of launching in the local market.
Following this, they will head to the EY Centre in Sydney to hear from a panel of Australian financial institutions who will share their thoughts on the best pitching methods and what they are currently looking for in terms of partnerships.
QV Systems and six other delegate companies will have the opportunity to pitch their offering to a room of EY consultants, partners and guests from the financial services community.
QV Systems founder and CEO Daniel Layne said, â€œAustralia and New Zealand are home to some of the most innovative and disruptive financial services firms in the world, and weâ€™re very excited to participate in this visit, to learn about market trends and discuss ways to partner on key projects.
â€œBeing here on the ground gives us a real insight into the needs of the local market and helps us better understand how we can collaborate with fast-growing firms.â€
Currencycloud has made a big move in the Australian market this year. It recently partnered with Australia-based financial superapp Bano for the launch of an FX Converter tool. The company also recently acquired an Australian Financial Services (AFS) licence by the Australian Securities and Investments Commission.
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