Thanks to all who attended the Annual Meeting, there was a great turnout and many insights were shared by the leadership team; a highlight – the association has achieved phenomenal growth in the past 12 months, with membership doubling from 77 members to 153 members in the year to September 2018.
Delta Insurance has prepared a whitepaper on the Evolution of Cyber Threats, discussing topics of interest to the FinTech community such as cyber risks that can occur when using Blockchain and AI, and shares several Risk Management Strategies that offer valuable insights to any business using new technology.
In the international space, the Financial Conduct Authority (FCA) in the UK has launched the Global Financial Innovation Network (GFIN), which currently includes 12 global regulators. The aim is to build a global sandbox, and if New Zealand becomes a member, I believe this environment will give us the edge to scale multiple FinTechNZ companies onto the global stage. FinTechNZ is planning to write to officials to suggest New Zealand will benefit from involvement in this global initiative.
There was general agreement at that session that FinTechNZ is ready to transition to more formal governance arrangements, and I have spent this month working with the team at NZTech to develop this framework. The new governance structure will include the appointment of an Executive Council via a formal voting process. The Core Working Group is now tasked with finalising those details and I look forward to sharing our progress with you in future updates.
This year features an amazing lineup of events around the country; I’m particularly looking forward to Good For The World Open Days, where we will hear from Prime Minister Jacinda Ardern about how Government is going to deepen its relationship with the tech industry.