Victoria Minister for Trade and Investment Philip Dalidakis

Silicon Valley Fintech Chooses Victoria For Asia Pacific HQ

Victor P Taffa

Silicon Valley fintech innovators Nomis Solutions have announced Melbourne as the location of their Asia-Pacific HQ, boosting the state’s growing fintech sector and creating up to 50 jobs over 5 years.

“Victoria’s thriving finance sector and talented graduates are attracting global investment and spurring on our state’s rising tech sector.” Minister for Trade and Investment Philip Dalidakis said.

“We’re attracting innovative companies in modern industries that will support the jobs up of our future economy.”

More than 10,000 bankers worldwide use Nomis’ cutting-edge approach to big data, personalised customer solutions and market analysis.

This new base of operations was secured with the support of the Andrews Government, which is growing Victoria’s reputation as a leading global innovation hub.

“Nomis Solutions is excited at the opportunity to expand its business within the region’s fast moving financial services sector.” Nomis Solutions Managing Director APAC Region Damian Young said.

“We’re delighted to establish our head office in Victoria and using it as a base to expand our team locally to support our clients in Australia, New Zealand, and the wider APAC region.”

Financial services are the largest sector of the Victorian economy, employing more than 115,000 people and contributing $40 Billion per year.

Global fintech sector encompasses a wide range of capabilities such as payments, blockchain technology and data analytics, and is a growing force within Australia’s $147 Billion financial and insurance service industry.

New technologies are rapidly changing the way the financial services industry operates and the State Government is ensuring Melbourne’s fintech sector is flourishing and creating new jobs, businesses, technologies and exports.

Last year the Andrews Government announced it would partner with Stone and Chalk and YBF Ventures to create two dedicated fintech hubs in Melbourne to nurture local talent, attract investment and create jobs in this fast-growing global industry.

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