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​​Australia looks at a new initiative that forces banks to build APIs to share data by 2018. Hereby empowering consumers. “We are strongly in favour of ensuring that consumers have better access to data and that third parties can then use it to offer services and identify opportunitys” Peter Kell, Deputy Chairman of ASIC.  The committee believes that there is a strong case for increasing access to, what the banks themselves regard as “customers” data. This includes, for example, a customer’s transaction history, account balances, credit card usage, and mortgage payments.

 
​The fintech industry is starting to mature. Shifting market conditions, regulatory challenges and altering consumer trends are going to have a large impact on the industry. McKinsey identify seven key areas where change will happen and where it needs to be aken into consideration by startups and incumenbents alike. 
The fintech industry is starting to mature. Shifting market conditions, regulatory challenges and altering consumer trends are going to have a large impact on the industry. Mckinsey has identified seven key areas where change will happen and where it needs to be taken into consideration by startups and incumbents alike. Rea​d more on the 7 areas here. 
The Start-up and Scale-up Initiative aims to combine all the possibilities that already exist in the EU, but plans on including a new focus on venture capital investment, insolvency law, and taxation. However, while the EC notes that there isn’t a lack of new ideas in Europe, it highlights the fact that many firms fail to make it beyond the first few years.​ 
SETL, Deloitte and Metro Bank have successfully demonstrated a contactless blockchain smartcard retail payment system for 100 customers of the UK-based challenger bank. The project was facilitated in the FCA Regulatory Sandbox, which demonstrates the benefits of the a sandbox environment, as it provides a ‘safe space’ in which businesses can test innovative products, services, business models and delivery mechanisms in a live environment while ensuring that consumers are appropriately protected. ​ 
​​​The Global Fintech Hubs Federation is an independent and inclusive global network of emerging and established fintech hubs that helps foster innovation across the world’s financial services industry. Copenhagen FinTech is increasing its international focus and looking forward to tap even more into the global network of fintech hubs around the world.

 
I finanssektoren er man begyndt at spekulere i effekten af øget brug af kunstig intelligens og robotter på antallet af arbejdspladser. Både Finansforbundet, Finanssektorens arbejdsgiverforening (FA), og CBS er enige om, at der kommer til at forsvinde jobs. "De job, der bliver afskaffet, forsvinder nedefra. Det er de mindst komplekse jobs, der forsvinder først" udtaler Finansforbundets næstformand, Michael Budolfsen, til FinansWatch.
 

More than 150 people from the Danish fintech ecosystem participated in the grand opening of Copenhagen Fintech Lab - Scandinavia's first co-working space dedicated to fintech entrepreneurs. At the launch, the Minister for Business and Growth Troels Lund Poulsen and the Mayor of Employment and Integration Anna Mee Allerslev both gave very passionate speeches about the importance of growing the fintech ecosystem in Denmark. 

The launch was a great success and received a lot of national and international attention. On this basis we have compiled a list of the media coverage.

 
November 10 2016 marked the official opening of the brand new Copenhagen FinTech Lab. The Lab is the first fintech-dedicated workspace in Scandinavia. The event was a great success with more than a 150 participants from many different backgrounds.
Business and growth minister Troels Lund Poulsen and Mayor of employment and integration Anne Mee Allerslev both spoke at the event about the importance of the Lab 
Copenhagen FinTech slår i dag dørene op til deres nye Lab kaldet Copenhagen FinTech Lab, som skal medvirke til at indfri visionen om at give Danmark en fremtrædende plads på fintech-verdenskortet.
Laboratoriet på ca. 1000 m2, der er det første fintech-fokuserede co-working space i Norden - kommer til at huse op imod 100 fintech-startup-personer fordelt på 25 – 30 startup-virksomheder og bliver derfor også et naturligt omdrejningspunkt for en række fintech-events og -aktiviteter.
 
 
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