Industry

Investors poured a record $4.5 billion into financial start-ups in Asia last year, four times as much as the previous year, putting the region at the centre of the global tech revolution poised to shake up the financial services industry.

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After a tumultuous end to 2015 which saw Decimal replace its executive team and rethink its strategy, the ASX-listed robo-adviser is rolling out a "gold-plated enterprise platform" to super funds and financial institutions.

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Fintech may, or may not, be the one-horse race the financial commentators are claiming. But it’s certainly where the smart money’s going.

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Prime Minister Malcolm Turnbull has launched a fintech advisory group to help establish Australia as a leading financial technology market within the Asia Pacific.

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The Turnbull government has committed $150,000 to the Stone & Chalk Asia Fintech Program in an effort to establish Australia as a leading fintech market in Asia by 2017.

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