Australia’s godfather of open banking, Scott Farrell, has been added to FinTech Australia’s Corridor of Fame on the annual Finnie Awards.
For the second yr in a row, the awards have been shared extensively, with small enterprise lender Lumi the one firm to obtain a couple of award, taking dwelling Finest Office Variety and Rising Chief of the 12 months.
Funds agency Zepto was named FinTech Organisation of the 12 months, with one other SME lender, Citoplus, taking dwelling Rising FinTech Organisation of the yr.
The awards recognise achievement within the Australian fintech business.
FinTech Australia Normal Supervisor Rehan D’Almeida stated the breadth of winners confirmed that the business has hit a brand new degree of maturity the place there’s achievement throughout the board.
“With that in thoughts, we need to congratulate the winners and finalists on what’s a sought-after award. Over a 100 judges sorted by way of 300 excessive calibre entities, from over 250 firms to search out these winners,” he stated.
Paul Weingarth from Slyp was named Excellent FinTech Chief of The 12 months. Dr Lili Sussman from Wisr received Feminine FinTech Chief of the 12 months and Lumi’s Paul Pagnan received Rising FinTech Chief of the 12 months.
King & Wooden Mallesons accomplice, Scott Farrell was recognised for his position as creator of the landmark Treasury evaluation into the Australian funds system, below former Coalition authorities, which pathed the best way for the introduction of open banking below the Shopper Knowledge Proper
D’Almeida paid tribute to Farrell as father to a brand new technology of fintechs.
“Many firms on this business wouldn’t exist with out Scott’s dedication in direction of guiding — and at occasions championing — the coverage dialogue on the buyer information proper, funds and different fintech-related insurance policies in Australia,” he stated.
“Scott devoted himself to reaching stability in any coverage dialogue and attaining outcomes that each shield customers and permit companies to thrive.
“This award recognises his enduring mark on the Australian fintech business and his present work taking our experiences world and guiding different international locations on the best way to arrange related coverage frameworks.”
Farrell joins Reinventure’s Simon Cant because the second particular person within the class, alongside Australian fintech unicorns, Airwallex and Afterpay.
FinTech Australia 2023 Finnies Winners
BEST WORKPLACE DIVERSITY: Lumi
EXCELLENCE IN ESTABLISHING GLOBAL MARKET PRESENCE: Knowledge Zoo
EXCELLENCE IN INDUSTRY COLLABORATIONS & PARTNERSHIPS: MYOB & BUTN
EXCELLENCE IN BUSINESS LENDING: Prospa
EXCELLENCE IN CONSUMER LENDING: Athena Dwelling Loans
EXCELLENCE IN PAYMENTS (inc. remittance/FX): Clever
EXCELLENCE IN BLOCKCHAIN/DISTRIBUTED LEDGER: Civic Ledger
EXCELLENCE IN CRYPTO AND DIGITAL CURRENCIES/WALLETS/EXCHANGES: Crypto.com
EXCELLENCE IN INSURTECH: Honey Insurance coverage
EXCELLENCE IN REGTECH: Biza
EXCELLENCE IN WEALTH MANAGEMENT (inc. PFM & robo): Life Sherpa
EXCELLENCE IN OPEN DATA: Frollo
POSITIVE IMPACT AWARD: Brighte
EXCELLENCE IN FINTECH SUPPORT SERVICES: Astero
EMERGING FINTECH LEADER OF THE YEAR: Paul Pagnan, Lumi
FEMALE FINTECH LEADER OF THE YEAR: Dr Lili Sussman, Wisr
OUTSTANDING FINTECH LEADER OF THE YEAR: Paul Weingarth, Slyp
EMERGING FINTECH ORGANISATION OF THE YEAR – Folks’s Selection Award: Hiya Intelligent
EMERGING FINTECH ORGANISATION OF THE YEAR: Citoplus
FINTECH ORGANISATION OF THE YEAR – Folks’s Selection Award: Hnry
FINTECH ORGANISATION OF THE YEAR: Zepto
HALL OF FAME: Scott Farrell