Suite2Go went global in Q2 representing and meeting with fintech’s clients and partners in Singapore, London and Ireland. Our principal Andrew King had the pleasure of spending a week in London in June at Kaizen Reporting’s HQ in the Gherkin building. Summer in the City was in full swing and there was plenty of action in the fintech and RegTech space and lot’s of interest in how to grow into the Australian market.
Meanwhile CO-CEO John Ryan was in Ireland experiencing the vibrant emerging fintech sector in that market. Confidence is growing around Ireland’s ability to lead in AI, to such an extent they plan to host a major AI Summit next year as part of their EU presidency. 47 member state heads will be in attendance.
Also focus is shifting to the Central Bank of Irelands Sandbox progression with incubator projects. This is being accompanied by positive statistic updates about an expanding payments specialisation from the edge of Europe, but with closest proximity to the US..
What’s new!
This quarter we brought on a new client into the Australian market RTGS.global, their solution enables financial institutions to settle funds transfers with each other faster, cheaper and more securely than they can do today. You only need to connect to one API to find, select and then settle money movements with counterparties for currencies around the world.
Conferences and Events
At Suite2Go we believe staying ahead of the curve and being able to share knowledge and learned experience as an industry is extremely important. Conferences are important for their role in fostering collaboration, knowledge sharing, and networking. They can generate significant revenue for businesses, and provide valuable learning and professional development opportunities for attendees. We often run webinars and roundtables for our clients, as they offer distinct yet complementary benefits.Webinars excel at reaching large audiences, providing convenient learning opportunities, and fostering interaction through live Q&A and polls, while also allowing for recording and on-demand access. Roundtables, on the other hand, prioritise in-depth engagement, active listening, and breaking down hierarchies, fostering open discussion and collaboration, especially for senior executives and decision makers.
IMAP Conference
Suite2go’s Co-CEO Leanne Bradley attended the IMAP – Institute of Managed Account Professionals Advice in Action conference on Thursday 24th July https://imap.asn.au/events/upcoming-events.htmlThe overarching theme coming through all the panels and presentations was the impact that AI has and will have on the advice industry and its efficiency such through automation of managed accounts and discretionary managed accounts such as MDAs. Look out for more insights on AI and Wealth in our next Newsletter and other developments in the AI space.
Fintech Marketplace
On the same afternoon Leanne went along to the Fintech Marketplace in Sydney https://fintechmarketplace.com.au catching up with some successful offshore Fintechs looking to expand into Australia such as Armada as well as some interesting solutions that have been successful in other industries now looking to expand more formally into Financial Services. One that was quite interesting was Babel Streetused for government security but can be easily configured to help with AML.
SIAA conference
In May Suite2Go sponsored the Stockbrokers and Investment Association Conference in Sydney along with some of our fintech solution vendors and partners. Chelmer, ausbiz, Kaizen, IMAP – Institute of Managed Account Professionals. It was 7 years ago that Suite2Go last sponsored the conference and established the original Fintech barn, showcasing some of the new upcoming financial technology for the sector. Back then we were showcasing companies like Raiz and Snowflake – and look where they are now! More about the conference highlights in our post from May (Link below) in case you missed it!
https://www.linkedin.com/feed/update/urn:li:activity:7330755257708269568
Our Wealth Tech solution provider Chelmer also had their own booth at the Stockbrokers and Investment Advisers Association conference, where we launched the results and insights of our second Wealth Management Survey (link below). Chelmer’s Director and Product Innovation Officer Andy Robertson also took the stage in a panel to discuss platform evolution, highlighting how significant investment in interoperability, open architecture and artificial intelligence is driving transformation for advisers. Andy was joined by Jason Entwistle (HUB24), Edwina Maloney (AMP), and moderator Stuart Holdsworth (Financial Simplicity) in an insightful discussion on the next wave of platform innovation.
https://www.linkedin.com/feed/update/urn:li:activity:7338492759403544576
Dublin Tech Summit
John Ryan attended the Dublin Tech Summit 2025 (29 – 30 May) which was run at the RDS, as part of Dublin Tech Week.
The 2 day event was well attended, and it was great way to connect with interesting new vendors in Ireland. There was less focus at this event on fintech, but there was a range of startups who were involved in the pitching competition which were interesting to watch, like Refact.ai (AI platform), Lastsay (an inheritance chat app), and also ClearIP (App to help startups through the IP minefield).
The content at this conference was reflective of the fast moving space of AI, and Ireland does seem to be positioning well, in both attracting new startups but also in connecting with the US and UK/European markets to progress around the technology and the upcoming EU regulations. Great to see our partner Corlytics (founder John Byrne) in action at the event, and it was nice also to meet Fexco (a little payment startup with 3000 people in Killorglin, Co. Kerry), and the Hong Kong Invest team who complement the work of Suite2Go in focusing on opening up channels to Asia for startups.
Client news
We look to work with vendors that are addressing a gap or need in the financial services market, whether it be addressing a regulatory requirement, streamlining a very manual process that requires scale or something innovative that no one else is doing and can add valuable insights.
This quarter our Derivative Reporting Solution product Kaizen was awarded Best Transaction Reporting Solution at the Capital Markets Tech Awards APAC. The award is recognition of Kaizen’s commitment to delivering innovative solutions that help compliance and operations teams across Asia-Pacific to meet their regulatory reporting requirements
Regulatory News
ASIC Sustainability Reporting
SIC has released Regulatory Guide 280 (RG 280) on Sustainability Reporting, offering detailed guidance for entities required to prepare climate-related financial disclosures under Chapter 2M of the Corporations Act 2001. This includes companies, superannuation entities, registered schemes, and other investment vehicles. The guide outlines who must report, what information must be included, how sustainability-related disclosures can be made outside the main report, and how ASIC will administer and enforce these requirements. RG 280 builds on feedback received through Consultation Paper 380 (CP 380), which attracted 60 submissions from a broad range of stakeholders, including industry bodies, law firms, and academics.
In response to consultation feedback, ASIC expanded RG 280 to include guidance on climate scenario analysis, Scope 3 emissions, director responsibilities, and threshold application. Updates were also made to how sustainability information should be labelled and disclosed outside formal reports.
Reserve Bank review of payment fees
The Reserve Bank of Australia (RBA) has released a Consultation Paper as part of its review of merchant card payment costs and surcharging, following extensive consultation since October 2024. The RBA’s Payments System Board has proposed removing card surcharges on eftpos, Mastercard, and Visa to simplify payments, improve transparency, and boost competition, noting that surcharging no longer effectively influences consumer payment choices. It also proposes lowering interchange fee caps, potentially saving businesses $1.2 billion annually, particularly benefiting small businesses, and introducing caps on foreign card fees. Additionally, the RBA suggests requiring greater fee transparency from card networks and large acquirers. Feedback on these proposals is invited by 26 August 2025, with final reforms and a timeline to be announced by year-end.
Fintech news and market activity
The Fintech and Financial services industry is a buzz with an increasing amount of merger and acquisitions, and strategic partnerships. Some of the Industry news during the quarter included.
Airwallex acquires Vietnamese payment service provider CTIN Pay: As part of its Asia-Pacific growth strategy, Airwallex announced in March 2025 the acquisition of Vietnam-based CTIN Pay, its first fintech M&A since entering the New Zealand market, further bolstering its regional payments stack
Scalare Partners acquires tech startup hub and accelerator Tank Stream Labs for $5.5 million: Scalare Partners have announced the acquisition of tech-focused workspace and business service provider Tank Stream Labs.
SS&C Technologies to acquire Calastone for £766 million: Calastone have entered into a definitive agreement to be acquired by SS&C Technologies, in a transaction valued at approximately £766 million. This acquisition closely followed the announcement by Calastone in April of the launch of their tokenised distribution solution which allows asset managers to tokenise any fund operating on Calastone’s network and distribute it across blockchain-based channels.
Bell Financial Group (BFG) has announced a strategic partnership with Praemium, selecting Praemium’s Scope+ platform for administration of over 2,200 client portfolios. This collaboration aims to support BFG’s growth in wealth management products and services, while Praemium will see a significant increase in its funds under administration (FUA).The deal represents a milestone for Praemium’s Scope+ solution and reflects growing demand for high-quality, scalable administration services in the wealth management sector.
CareSuper and FNZ partner to launch enhanced Direct Investment Option platform in Australia: CareSuper and FNZ have partnered to bring an enhanced Direct Investment Option (DIO) platform to CareSuper’s members.
LGT Crestone completed acquisition of CBA’s high‑net‑worth advice business: In Q2 2025, LGT Crestone took over Commonwealth Bank’s high-net-worth advisory arm, adding about A$5 billion in assets under advice and bringing its total to approximately A$40 billion across 138 advisers
AUSIEX completed acquisition of FIIG: allowing AUSIEX to expand its product and service suite to accommodate the wider needs of brokers, advisers, investors and family offices. AUSIEX expands beyond exchange-traded instruments listed on ASX and Cboe to now also include over-the-counter domestic and international fixed income products via the FIIG platform which has $4.5 bn under advice.
BetaShares announced the merger of its managed accounts division with InvestSense. The newly formed Trellia Wealth Partners will operate as a standalone entity with approximately A$8 billion in FUM, offering a full suite of index-based, active, and bespoke managed account solutions tailored for financial advisers
CC Capital finalises A$3.3 billion takeover of Insignia Financial: CC Capital has secured Insignia Financial at A$4.80 per share, representing a ~57% premium. This high-profile takeover is seen as emblematic of surging private equity interest in Australia’s wealth management sector
Upcoming events
Kaizen Reporting’s CEO Dario Crispini will be coming to Australia the week of August 18th.
Suite2Go and Payments Foundry will be in Melbourne for FinTech Australia’s Intersekt Conference in September https://www.intersektfestival.com/event/19f72086-5ebe-4d90-b11d-4c284c84bada/summary