Yesterday, I had the rare honour of hosting a session at the British Consulate-General Sydney with The Rt Hon The Lord Mayor of the City of London, Alderman Charles Bowman, and his FinTech delegation. Delegates included the UK Prime Minister's Business Envoy for Financial Services, Alastair Lukies CBE as well as UK technology companies focused on banking and payments, insurance, asset management and cyber security. The delegation is in Australia for the week, meeting with a variety of government and business leaders, regulators and trade bodies in Sydney, Canberra and Melbourne.
I opened the session by highlighting what an exciting time it is both for payments and FinTech in Australia:
The rest of the session was a fantastically open and far-reaching discussion on all of the above, as well as transport, wearables and mobile, QR codes, the opportunity for collaboration between UK and Australian FinTechs, and a potential UK-Australia free trade deal.
The last of these is a topic for a meeting between the Lord Mayor and Treasurer Scott Morrison today, with a FinTech "bridge" between Australia and the UK seen as a possible step towards that. Exciting times!