IDEMIA Collaborates with Fintech Australia

IDEMIA, a France-based augmented identity company, announced today that it has formed a corporate partnership with Fintech Australia to provide key support for Fintech Australia’s events and community activities. The Australian trade organization plans to expand the country’s fintech ecosystem.

According to the official press release, IDEMIA will use its resources including research and development (R&D) to facilitate Australia’s fintech sector. In 2018, IDEMIA won the 'Innovation Partner of the Year' award in Australia from the country’s business payment market leader, Westpac.

Additionally, IDEMIA launched its Global Fintech Accelerator Accelerator An accelerator or startup accelerator is defined as fixed-term programs that look to foster investment, connections, sales, and education to kindle growth in a project.Most commonly this effort constitutes a public pitch event, demos, and other forms of marketing. Startup accelerators are most commonly associated with Silicon Valley, a global hub for investing and fintech.Startup accelerators however are a global phenomenon that privately funded as an investment fund. This nature of investing he An accelerator or startup accelerator is defined as fixed-term programs that look to foster investment, connections, sales, and education to kindle growth in a project.Most commonly this effort constitutes a public pitch event, demos, and other forms of marketing. Startup accelerators are most commonly associated with Silicon Valley, a global hub for investing and fintech.Startup accelerators however are a global phenomenon that privately funded as an investment fund. This nature of investing he Read this Term Card Program in 2020 to support fintech companies and neobanks in their card issuance process. The company has made several fintech-related investments in the past.

Commenting on the recent announcement, Rebecca Schot-Guppy, General Manager of Fintech Australia, said: “We welcome IDEMIA to our partnership program and look forward to further integrating the company with the Australian Fintech community. Fintech Australia has signed up a myriad of major corporate partners in the past year, and hence, our cooperation with IDEMIA is essential to growing our ecosystem and forming collaborations that will help Fintech firms step up growth.”

Australia’s Fintech Sector

Fintech companies in Australia have reported significant growth in recent years. FinTech Australia has contributed a lot towards the expansion of the fintech ecosystem in the country. Through the recent partnership with IDEMIA, the trade organization plans to facilitate emerging startups working in the financial technology sector.

“With our comprehensive services, global footprint and Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term experience, we are ideally placed to support fast-changing payment trends and help Fintechs meet their goals. We’re excited about our partnership with Fintech Australia, especially since ongoing innovation and digital services take-up will be driven by Fintechs. We really look forward to teaming up with more Australian Fintech firms so that we get an idea how we can best use our technologies to enhance not only their services but also how our technologies can be rolled out to other industries,” Ben Scott, VP of Financial Institutions at IDEMIA Australasia mentioned in the official announcement.