View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
  2. Company news
March 24, 2017

CBA, Austrade ink fintech collaboration agreement

The Commonwealth Bank of Australia (CBA) and Austrade have inked a collaboration pact to encourage the flow of fintech innovation between Australia and the UK.

By Verdict Staff

The Commonwealth Bank of Australia (CBA) and Austrade have inked a collaboration pact to encourage the flow of fintech innovation between Australia and the UK.

The agreement will be used to attract fintech investors to Australia, and at the same time, allow Australian fintech startups to gain access to the UK market.

Australian fintech firms will secure a temporary space for up to three months in CBA’s London Innovation Lab as part of the agreement.

The agreement will support trade missions from Australia and the UK, as well as mentor Australian businesses in the UK and European market.

Austrade UK senior trade and investment commissioner David Watson said: “The collaboration agreement benefits Australian and UK fintech firms.

“It gives Australian firms the opportunity to access the latest fintech in CBA’s Innovation Lab and to immerse themselves in the world’s leading fintech market, while UK companies can tap into Australia’s expertise through networking sessions.”

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International