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Victoria’s fast growing financial technology sector received a boost today with the announcement that Australia’s largest fintech festival, Intersekt, has been secured by Melbourne for a further two years.

The Victorian Government will sponsor Intersekt in both 2018 and 2019, bringing together more than a thousand of the fintech sector’s most creative minds from across Australia and beyond.

“By securing Australia’s premier fintech festival for Melbourne in 2018-19 we are positioning Victoria as a global hub for fintech innovation and investment. The Victorian Government is backing the state’s fast growing fintech sector to drive new innovations that are revolutionising the world’s financial services industry and creating the jobs of tomorrow.”

Minister for Innovation and the Digital Economy Philip Dalidakis

This year’s festival will explore technologies and trends such as blockchain, open banking and cryptocurrencies that are changing the way services like payment systems, superannuation, insurance and wealth management are being delivered across the globe.

These innovations are crucial to the future growth of the financial services sector which already provides 115,000 Victorian jobs and contribute $40 billion per annum to the economy.

Hosted by FinTech Australia and FinTech Victoria, this year’s program includes a hackathon, panel sessions, a conference summit, investor-startup matching, a Women in Fintech masterclass, and graduate recruitment.

More than 100 high profile international and Australian speakers will feature at this year’s festival, including more than 50 women from across the industry.

“The support we receive from the Victorian Government is a vital component of the ongoing success of the conference. The FinTech ecosystem is only a few years young, but our Fintech startups are batting above their average, in many respects leading the world, and its thanks to supporting like this that we will continue to prosper.”

CEO of FinTech Australia Mr Brad Kitschke

The Victorian Government is working hard to ensure that the state’s fintech sector reaches its full potential, committing support through the $200 million Future Industries Fund, and launching two new fintech startup incubators run by Stone & Chalk and YBF Ventures respectively.

Victoria is already home to growing number of thriving fintech startups including Stripe, Square, Airwallex, Mimecast, Assembly Payments and Moula.

Intersekt 2018 will run from Monday 29 October to Wednesday 31 October, the full program is available at intersektfestival.com