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Zenith Group, including Zenith Investment Partners and Chant West, has been acquired by a global fund data and tech company.

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New amendments to the Consumer Data Right (CDR) rules are a “step forward” for the local fintech sector, according to the FinTech Australia CEO.

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Financial services minister Jane Hume has encouraged financial advisers to embrace what robo-advice can do for the future of the sector.

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The digital transformation brought on by the COVID pandemic and consumer confidence in technologies have resulted in a major boom for the Australian fintech sector.

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Jane Hume is adamant that curtailing finfluencers via legislation would be equivalent to creating a nanny state with “unworkable” rail guards that inhibit progress and innovation.

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A French start-up backed by Silver Lake has raised US$555 million in preparation for an expansion in international markets, including in Australia.

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