Victorian Premier Daniel Andrews announced plans to establish the fintech hub to “boost local start-ups, attract investment and create new jobs”.

The hub will be located in the Goods Shed North in the Docklands precinct.

“The hub will strengthen the local fintech sector by bringing start-ups together with investors, industry corporates and researchers in one concentrated and collaborative workspace,” Mr Andrews said in a statement.

The premier also announced that Melbourne will host the Australian ‘fintech festival’ Intersekt, beginning on 27 October.

“The Intersekt Festival is hosted by FinTech Australia and FinTech Victoria in conjunction with fintech company Next Money and co-working community the York Butter Factory,” Mr Andrews said.

Victorian Minister for Small Business, Innovation and Trade Philip Dalidakis said, “Innovations in financial technology are revolutionising the finance industry and Victoria has an opportunity to win a bigger share of this fast-growing sector.”

“This fintech hub will turbocharge our start-up ecosystem and attract new investment that will strengthen our professional services industry and create jobs,” Mr Dalidakis said.

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