Fintech22 - Winter Issue 2

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FINTECH22 SYDNEY

30 Nov - 1 Dec 2022 | SMC Conference Centre, Sydney.

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Australia is welcoming a fintech future

FINTECH22, SMC Conference Centre, SYDNEY 30 Nov - 1 Dec What is blockchain technology? What are NFTs? What is the future of money?

Find out the answers at Fintech22.

Ambitious fintech startups are backed by government support of nearly $70 billion in grants, incentives and funding pools, promising a welcoming environment for talents to thrive.

As the fintech community continues to evolve, Australian businesses are actively seeking new ways of convenience through technology.

FINTECH22 offers the opportunity to engage with innovative and cutting-edge Fintech products and services to elevate and scale your business. The event also drives meaningful connections within the fintech community through a range of networking functions.

2 DAYS OF EXHIBITOR SHOWCASE Visitors can register to attend the FINTECH22 exhibitor showcase for free over two days and engage with a range of latest FinTech products and services.

KEYNOTES & PANELS Keynotes & Panels presented by CEOs, founders, entrepreneurs, senior government officials and executives of major blockchain and fintech companies discussing critical topics affecting the industry, global financial markets, investing options and future consumer trends.

NETWORKING FUNCTIONS Visitors and businesses will be invited to participate in numerous networking functions to forge meaningful connections within the fintech & blockchain industries.

WHY ATTEND? Attend Fintech22 Sydney to hear from Fintech experts and learn how business innovations can elevate and grow your business; and engage with 40+ exhibitors, 60+ speakers, and 1500+ visitors.

SYDNEY 20% FINTECH22 + BUY NOW OFF EARLY-BIRD OFFER GET 20% OFF your delegate ticket

Learn more at: https://fintechowcase.com.au

Position your brand across the major business events in 2022

15-16 NOVEMBER, MARVEL STADIUM, MELBOURNE

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30 NOV - 1 DEC, SMC CONFERENCE CENTRE, SYDNEY

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SYDNEY

30 Nov ­ 1 DEC SMC CONFERENCE & FUNCTION CENTRE

Fintech 22 Exhibitor Showcase Fintech 22 Forum Sessions FinTech 22 Meet UpS

EXHIBIT | SPEAK | ATTEND free online tickets to attend exhibitor showcase delegate, sponsor and exhibitor packages ABF Corporate MEMBER OF THE ABF GROUP

CONTACT: E: george.moraitis@abfgroup.com.au T: 03 8689 9892

Protecting your merchant account from fraud.

Preventing merchant fraud – from using stolen credit cards to stealing whole identities – is an important part of protecting your business. Recognising it, however, isn’t always easy. Here’s what you can do to help prevent your employees from falling victim to fraudsters.

Fraud can happen to any business that accepts debit and credit cards. Your employees are the first line of defence for detecting fraud and you need to have a plan in place. Scammers are sophisticated and always working hard to make some easy money.

Falling victim to a scam, however, can have significant financial and reputational impact on your business.

Preventing fraud comes down to vigilance.

Preventing scams before they happen Educating your staff about different scams – and keeping watch for new techniques – is the most essential way to prevent fraud. This includes ways to verify that the cardholder is the person making the transaction as well as watching for suspicious behaviours. Raising anything out of the ordinary should be flagged and looked at more closely.

There are also things you can do from an organisational perspective to limit your exposure, including maintaining a secure customer database that tracks things like buying patterns, addresses and customer behaviours. For instance, if someone regularly orders a few hundred dollars’ worth of products to an address in Sydney and is suddenly ordering thousands of dollars to an address in Melbourne, it’s probably worth a closer look.

Setting up an orders approval and fulfilment process for new employees and new customers requesting high value items, which gives you time to verify the legitimacy of the order, can be very useful in preventing fraud.

Having these procedures in place can work no matter how you process payment, including through a website, in-store EFTPOS or over-the-phone.

Preventing fraud after the sale Sometimes fraud is committed after the sale, like when someone uses a terminal to issue a refund when there’s no corresponding sale. This can be done by employees crediting refunds to the accounts of friends and family.

Protecting against this fraud starts with processing refunds to the same card that was used for the original sale.

A chargeback happens when a cardholder disputes a transaction. This can be when the card was stolen but also can happen for duplicate transactions or when a merchant doesn’t supply the goods and services that were promised but doesn’t provide a refund. Ensuring that the goods went out and were delivered is an important way to verify that the transaction went through.

Keep constantly aware Keeping your merchant account safe from fraud requires constant vigilance. Staying scam aware is an essential part of protecting your business. You have the responsibility to verify that the cardholder is genuine and protect all aspects of the transaction.

Being vigilant is an important part of protecting your merchant account. CommBank is right behind you, delivering the tools, insights and services you need to help you understand the threats your business may face and to give you the peace of mind that everything you’ve worked hard for is safe and secure. CommBank can help you prepare your employees with suggestions for training and best practices to prevent merchant fraud.

Check out our Merchant security hub for our tips to help you protect your business from merchant fraud.

If you would like to speak to your local Business Banker about how CommBank’s support ecosystem makes it easier to run your business, make an appointment online, call 13 1998 or visit your local branch.

This article is intended to provide general information of an educational nature only. It does not have regard to the financial situation or needs of any reader and must not be relied upon as financial product advice. You should consider seeking independent financial advice before making any decision based on this information. The information in this article and any opinions, conclusions or recommendations are reasonably held or made, based on the information available at the time of its publication but no representation or warranty, either expressed or implied, is made or provided as to the accuracy, reliability or completeness of any statement made in this article. Commonwealth Bank of Australia ABN 48 123 123 124. AFSL and Australian Credit Licence 234945.

Will automation replace your firm?

Find out the answer at FINTECH22 Sydney

MEET THE 2022 SPEAKERS

FINTECH22 Forum Sessions feature industry panels and engaging keynotes presented by industry experts, CEOs, founders, entrepreneurs and executives of major blockchain and fintech companies.

Delegates at FINTECH22 will hear about Blockchain Technology, Cryptocurrency, NFTs, Metaverse, Decentralised Finance (DeFi), Emerging Tech, Cybersecurity, Gaming, Challenger Finance, Automation, Financial Crime & Prevention, RegTech, Social Media, Big Data and more.

DAY 1 MODERATOR Karen Cohen

DAY 2 MODERATOR Lucy Lin

Founder Emerging Tech Talent

Founder & CMO Forestlyn

Steve Vallas

Susan Brown

CEO Blockchain Australia

Partner Deloitte Digital

Judy Sahay

Shira Levine

CEO Crowd Media Group

Founder Fanchismo

Bill Angelis

Akasha Rose

CEO & Founder Asta

Growth Lead Cosmic Champs

Ben Ford

Bobby Oparaocha

Head of Growth Frollo

CEO and Founder Valyou X

SYDNEY 20% FINTECH22 + BUY NOW OFF EARLY-BIRD OFFER GET 20% OFF your delegate ticket

Learn more at: https://fintechowcase.com.au

FINTECH22 Sydney is bringing invaluable opportunities to network

Visitors at FINTECH22 Exhibitor Showcase can meet directly with blockchain, cryptocurrency, fintech, emerging technology companies and startups to discover innovative financial technology to elevate their business.

A RECAP OF FINTECH21 MELBOURNE

What’s the future of money?

What’s the future of blockchain technology? How can RegTech support fintech? Attendees of Fintech 21 Forum found out directly from fintech leaders.

FINTECH21 MELBOURNE ON MAY 18-19 2022 Hosted at Marvel Stadium, Fintech 21 Forum featured industry panels and engaging keynotes presented by CEOs, founders, entrepreneurs and executives of major blockchain and fintech companies.

Day 1: Blockchain & Crypto

Day 2: Fintech Solutions & Trends

Karen Cohen, Founder of Emerging Tech Talent & Women in Emerging Tech, commenced Fintech 21 Forum with the Introduction of Blockchain Day, exploring a range of topics from cryptocurrency investing to the future of decentralised finance (DeFi).

The growth in technology is driving fintech’s evolution.

As Fintech Australia is sitting in sixth place globally, more attention is drawn to the value that Australian fintechs are bringing. Fintech Day 2 highlighted the future of open finance, automation, regtech in the fintech industry, financial crime trends, and Australia’s e-commerce sector.

The unresolved question of “Is blockchain technology safer?” was then discussed in depth by the four industry leaders: • Bill Angelidis, CEO & Founder, Asta • Nathanael Johnstone, Head of Accounts & Sales, LAB Group • Paul Kang, Co-Founder, Entersoft • Ryan Kris, Co-Founder & COO, Verida This panel also covered blockchain cybersecurity threats, attacks and prevention for individuals and businesses, and securing digital assets, scams, and threats.

Followed by the topic of trends and gaps in crypto accounting for business, Jakub Sawczuk, CEO & Founder of AEM Algorithm, explained how businesses lack blockchain-native solutions to improve inefficiencies in their workflows and their struggle with reporting crypto tax.

Day 1 of Fintech21 further highlighted NFTs and the rise of “tokenizing” real-world tangible assets such as artwork, cars, houses, etc. The future of the NFT industry in Australia and globally was discussed comprehensively by experts working in NFTs across marketing, music, sports, art galleries and more: • • • • • •

Shira Levine, Founder, Fanchismo String Nguyen, CEO, Chubbiverse Judy Sahay, CEO, Crowd Media Group Mariella Mejia, Chief Marketing Officer, Meadow Labs Bobby Oparaocha, CEO & Founder, Valyou X Emilya Colliver, CEO & Founder, Sugar Glider Digital

MC of the day – Dave Anderson is an AI Evangelist whose work spans Australia and North America as a well-known public speaker, tech evangelist and podcast host. From software development to business strategy, Dave is an industry keynote speaker, frequently found on stage at every major cloud and technology event.

He initiated Day 2 by giving a brief on a range of topics from challenger finance, AI & data to fintech’s influence on global trade and Web3.

What does Open Finance hold for the future and what needs to happen to make this a reality? Damir Cuca, CEO & Founder of Basiq, addresses topics of the current state of open banking, the role of consent management, and what open finance means for businesses and consumers.

Jaco Veldsman, Co-Founder of Paytron, then examined the question of “Will technology & automation replace you or your firm?”. He also shared how to not only survive and thrive in the midst of disruption & technological change.

Day 2 continued with Darren Cade, CEO of Arctic Intelligence, answered the question of “How is RegTech making compliance easy for fintechs?”, while discussing the trends in regtech and lessons from challenges faced by bigger corporation.

The 2-Day Fintech21 Forum came to an end as our host, Dave Anderson, gave a Wrap-up speech.

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Learn more at: https://fintechowcase.com.au

FINTECH22 is coming to Sydney on 30 Nov 1 Dec 2022; Don’t be left out of this opportunity to forge meaningful connections within the fintech & blockchain industries.

Presented by Commonwealth Bank at Marvel Stadium in Melbourne, FINTECH21 attracted over 40 exhibitors, 55 speakers and 1,500 visitors.

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FINTECH

How fintechs can avoid falling victim to financial crime Fintechs may be at the forefront of financial innovation but they’re also increasingly financial crime targets. We sat down with Ali Zoabi, the APAC Director for Arctic Intelligence, an award-winning Regulatory Technology (RegTech) company that helps protect businesses from financial crime, including money laundering, terrorism financing, bribery and corruption. With Arctic Intelligence’s expertise tailored to the fintech and startup banking sector, Zoabi provides insights into how this booming Australian industry can avoid falling victim to financial crime and what current trends tell us about the industry’s future risks.

What are the most worrying financial crime trends you’ve seen recently?

In general, financial crime is increasing at an alarming rate.

A 2021 survey by PwC UK found that economic crime had reached its highest level in the past two years last year, with up to 56% of surveyed UK firms stating they were impacted by fraud, corruption and other forms of financial crime. As global financial crime has risen, AUSTRAC has adjusted to COVID-19 by providing more specific guidance to reporting entities.

In particular, conventional transactional organised crime schemes, which usually take advantage of global supply chains, are increasingly forced to diversify further into fraud and cybercrime in response to this economic change.

How are financial criminals targeting fintechs in particular?

And what puts them at greater risk?

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Ali Zoabi APAC Director Arctic Intelligence One of the clear factors that can drive financial crime up exponentially in the digital world is its borderless landscape. Due to this borderless nature, the practice of targeting fintechs can be scaled up dramatically. On top of that, many startups and fintechs are at a higher risk due to limited resources.

Why is it important for fintechs to assess their financial crime risks?

The rush into remote workplaces is one of the major factors why fintechs need to assess their financial crime

AUSTRALIAN BUSINESS FORUM | WINTER ISSUE

risks.

On one side, a move to the digital world may simplify many financial processes and transactions for the user.

On the other side, this great migration online comes with significant challenges and potential consequences for the company. As many processes, such as onboarding, were required to be done online and remotely during the pandemic, this potentially opened the door to some dark actors.

Many fintechs’ increasing reliance on the internet puts them at risk, including working from less safe environments to access business-sensitive systems, as opposed to an office environment.

These hybrid working methods are likely to be sustained, giving greater exposure to internet-enabled frauds and cybercrime. So, this will need to be addressed with new or adapted controls to lessen the risk of compromised systems and people who use them.

What are 3 best practices every fintech can take to address financial crime risks?

1.

Controls: What controls are in place, to guard against these risks? How effective. are these controls? Around Anti Money Laundering, Fraud, Cyber Crime in particular.

2.

Employee Awareness & Training: Employee Training, Employee Screening, Employee Empowerment.

3.

Culture: it starts from the top.

4.

Noteworthy third - Seek advice: most problems have already been solved. Ask the professionals.

What’s the ‘compliance revolution’?

There is a global movement away from spreadsheets, towards software. This software assists in preventing and detecting financial crime, more efficiently and effectively.

If you are a fintech or startup, then chances are you are using software to disrupt an existing market. With this in mind, why would you use spreadsheets to solve complex financial crime problems, rather than using software?

Arctic Intelligence www.arctic-intelligence.com

LEARN MORE AT

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AUSTRALIAN BUSINESS FORUM | WINTER ISSUE

Creating a seamless eCommerce experience to scale your business

The ability to engage with customers on whichever platforms they prefer used to be an afterthought or perhaps even a luxury.

It was not until recently that we experienced a shift in this sentiment – pre-pandemic, 59% of Australian small businesses operated without a website. However, as consumers’ shopping and payment preferences continue to evolve rapidly, so too does the need to provide a seamless customer experience – be it online, in-store or a clever combination of both.

Businesses at the forefront of eCommerce innovations have reaped the benefits in revenue growth and enhanced customer experiences. And those who have fallen behind in their digital transformation journeys now feel the critical impact of legacy processes.

As we shift away from the age-old, traditional brickand-mortar presence, a hybrid business model will start to take preference and open new growth opportunities.

At the centre of this evolution are modern payments innovations, working quietly in the background of your eCommerce platform to unify disparate systems, enable business efficiency, enhance customer experience and, ultimately, future-proof your business.

The shift to eCommerce 4.0 While retailers, hospitality venues and other businesses witness an organic return to in-person experiences, consumers now have broader expectations from companies. Human interactions remain a critical differentiator and a crucial part of the customer experience but online, and in-app shopping experiences are becoming increasingly popular, giving rise to the hybrid consumer.

Modern Payment Solutions Central to this new era of eCommerce are modern payment solutions that go beyond the payment step itself. Previously reserved for larger enterprises, payment fintech disruptors, like Till, are offering sophisticated and robust end-to-end payments solutions that enable businesses of all shapes and sizes to harness the power of their business and transactional data.

Tech-driven capabilities offer integrations to business systems to enable automation and increase efficiency, whilst simple plug-and-play infrastructure provides an all-access pass to invaluable insights into your customer and business.

With strategic partnerships, SMBs can tap into compliant, pioneering payments technologies that deliver on customer demands in a simple, scalable, and accessible way.

A new era calls for new ways to pay (and get paid.)

Wherever you are in your business journey, futureproofing your eCommerce capabilities with a unified payments ecosystem will equip you for success in this new era.

Find out how Till can help you unlock the opportunity in eCommerce Visit our booth at Fintech21 or jump onto: tillpayments.com

When others won’t,Till will Not all payment providers are the same.

Till’s technology, seamless integrations, and unified ecosystem will transform your business.

Every channel

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Open Finance Platform The Building Blocks of Financial Services

At Basiq, our vision is Making Finance Easy, where consumers are empowered to engage with their finances in new and unique ways.

Connect to Data

Data Insights

Event Driven Actions

Secure consented access to financial data from over 130 institutions via web connections and Open Banking

Get the complete picture of end-users with real time enrichment and categorisation of financial data

Take event-driven data insights and automate actions such as executing a payment based on changes in financial data

Some of the most innovative financial services companies are built on the Basiq platform

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AUSTRALIAN BUSINESS FORUM | WINTER ISSUE

Introducing ATEM Mini Pro

The compact television studio that lets you create presentation videos and live streams!

Blackmagic Design is a leader in video for the television industry, and now you can create your own streaming videos with ATEM Mini.

Simply connect HDMI cameras, computers or even microphones.

Then push the buttons on the panel to switch video sources just like a professional broadcaster! You can even add titles, picture in picture overlays and mix audio! Then live stream to Zoom, Skype or YouTube!

Live Stream Training and Conferences

Create Training and Educational Videos

Monitor all Video Inputs!

ATEM Mini’s includes everything you need. All the buttons are positioned on the front panel so it’s very easy to learn. There are 4 HDMI video inputs for connecting cameras and computers, plus a USB output that looks like a webcam so you can connect to Zoom or Skype. ATEM Software Control for Mac and PC is also included, which allows access to more advanced “broadcast” features!

With so many cameras, computers and effects, things can get busy fast! The ATEM Mini Pro model features a “multiview” that lets you see all cameras, titles and program, plus streaming and recording status all on a single TV or monitor.

There are even tally indicators to show when a camera is on air! Only ATEM Mini is a true professional television studio in a small compact design!

The ATEM Mini Pro model has a built in hardware streaming engine for live streaming via its ethernet connection. This means you can live stream to YouTube, Facebook and Teams in much better quality and with perfectly smooth motion.

You can even connect a hard disk or flash storage to the USB connection and record your stream for upload later!

Use Professional Video Effects ATEM Mini is really a professional broadcast switcher used by television stations.

This means it has professional effects such as a DVE for picture in picture effects commonly used for commentating over a computer slide show. There are titles for presenter names, wipe effects for transitioning between sources and a green screen keyer for replacing backgrounds with graphics.

ATEM Mini..........$469 ATEM Mini Pro..........$789 ATEM Mini Pro ISO..........$1,265

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AuroraFS is a peer-to-peer file system based on blockchain technology. It can join all of the world’s storage devices into a unified file system that can be accessed by any node.

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he AuroraFS System is designed to meet demand for data storage and retrieval by incentivising the provision of hardware space and bandwidth for processing. Clients spend tokens for the storage and retrieval of data within the AuroraFS System. Miners, also referred to as nodes, earn tokens by storing and accessing data within the AuroraFS System. Miners can also participate in the creation of new blocks for the blockchain for reward.

Additionally, AuroraFS contains a built-in traffic incentive system to provide highly effective, low-cost content distribution.

Simply put, users get rewarded to join and contribute bandwidth.

Web3 and the Meta verse require massive storage, computational, and highdefinition video streaming capabilities.

Visit aufs.io to learn more about how AuroraFS has built the foundation for the future of the internet.

That’s why we developed AuroraFS, the only decentralized global file system enabling high readability and authorized access on peer to peer networks.

AuroraFS was built to be the world’s first platform: • providing ultra-fast P2P network retrieval speeds - even for real-time high definition video • achieving the massive amount of P2P traffic accounting and settlement • and realizing secure, authorized data access capabilities on P2P networks aufs.io

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With zero downtime and resistance to DDoS attacks, AuroraFS is a next-level all-in-one storage and content sharing platform designed with commercial usage in mind.

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Position your brand across the major business events in 2022

15-16 NOVEMBER, MARVEL STADIUM, MELBOURNE

CRYPTO-BLOCKCHAIN-EMERGING TECH

30 NOV - 1 DEC, SMC CONFERENCE CENTRE, SYDNEY

Exhibitor, Sponsor Speaker Packages Available

ABF EVENTS

www.abf.events info@abf.events +613 8689 9898

Why are Aussies crypto-curious… but not committing?

A survey by Gemini reveals that over two in five crypto owners in Australia first started investing in crypto in 2021.

About 81% of Australian crypto investors choose to hold their crypto investments for the long term with more than half of Australian crypto investors surveyed viewing cryptocurrency as a good way to diversify their assets.

While Australia’s crypto adoption rate is similar to western nations like the US and the UK, the country lags in terms of adoption in comparison to other APAC countries surveyed, such as Singapore, Hong Kong, Indonesia and India.

Australia’s investor and tax rules must keep pace with the rapid innovation in the $US2 trillion crypto market, as a chorus of business leaders told The Australian Financial

Review Cryptocurrency Summit that an explosion of new business models and investment had grown too large to be considered fringe.

“Banks are getting to the point where they are willing to connect those two systems,” said Kain Warwick, Young Rich Lister and found of Synthetix, an early crypto derivatives platform governed by 85,000 users.

“It makes sense that banks will be the primary point where that connectivity is most effective, and that is the opportunity for forward-thinking banks.”

Nevertheless, Statistics show that more than 800,000 Australians transacted in crypto assets in the last 3 years, with an increase of 63% between 2021 and 2020.So much is crypto now becoming a part of everyday Australians’ investments, that the Federal Government this month issued a Consultation Paper inviting comment on the longawaited introduction of a regulatory framework for crypto investment services.

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www.vista.com/au

CRYPTO-BLOCKCHAIN-EMERGING TECH

SYDNEY

30 Nov ­ 1 DEC SMC CONFERENCE & FUNCTION CENTRE

Fintech 22 Exhibitor Showcase Fintech 22 Forum Sessions FinTech 22 Meet UpS

EXHIBIT | SPEAK | ATTEND free online tickets to attend exhibitor showcase delegate, sponsor and exhibitor packages ABF Corporate

CONTACT: SYDNEY 20% FINTECH22 EARLY-BIRD OFFER E:OFF george.moraitis@abfgroup.com.au + BUY NOW GET 20% OFF your delegate ticket

T: 03 8689 9892

MEMBER OF THE ABF GROUP

Learn more at: https://fintechowcase.com.au