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Boasting the fifth largest largest pension asset pool in the world, Fintech Australia believes fintech statups can benefit from providing services that help Australia's $2tn super industry become more technology efficient and cut administration costs. Last week, Fintech Australia launched an inaugural nationwide census to determine the size and composition of the Australian fintech landscape.
“However, we’re seeing a growing maturity in the market [which] reflects how far the [fintech] industry has come in Australia in a short time.” In December last year, First State Super announced a $250 million partnership deal with H2 Ventures. At the time, First State Super’s former chief investment officer Richard Brandweiner noted that super funds had an important role to play in encouraging innovation in new technologies while delivering attractive returns for fund members.
http://www.financialobserver.com.au/articles/super-funds-turning-to-fintech-for-innovation
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