Hong Kong's and Australia's fintechs are teaming up to boost investment and partnerships between companies. It follows an agreement sealed last year between regulators of the two financial hubs.
The Fintech Association of Hong Kong and Fintech Australia have signed a memorandum of understanding to strengthen the ties between each other’s financial technology industries.
The close collaboration is also intended to lift support for investment, partnerships and expansion into each other’s markets. Danielle Szetho was appointed to lead fintech Australia in June 2016 with a remit to expand the reach of the association and its members.
Regulator Tie-Up
Both Hong Kong and Australia enjoy government and regulatory support for their fintech communities. In 2017, the Hong Kong Securities and Futures Commission and the Australian Securities and Investments Commission signed a fintech co-operation agreement, creating a framework to support financial innovation in each market.
