Australia Promotes Local Fintech Industry to Asia Through New Initiative

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Australia Promotes Local Fintech Industry to Asia Through New Initiative

Postby kreslik.news » Sat Feb 27, 2016 4:35 pm


The Australian government, headed by Prime Minister Malcolm Turnbull, is providing a boost to the country’s fintech sector. According to an announcement made in Shanghai, China, during a visit to Asia by the Treasurer of Australia, Honorable Scott Morrison, the government will be providing $150,000 in funds to the Stone & Chalk FinTech Asia program.

A non-profit initiative, Sydney based Stone & Chalk is a technology hub created to focus exclusively on cultivating Australia’s fintech eco-system. Like other technology hubs around the world, Stone & Chalk includes programs for startups and partnerships with established financial players.

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