I went along to the Sydney FinTech Startup Meetup for the first time tonight.
It was an interesting meeting as the speakers were all from the Westpac Group, one of the biggest, oldest companies in Australia, which hardly seems appropriate to the Startup scene. However, the guys had a lot to say about how they see the current banking markets and what the bank’s take on innovation and interaction with small companies looks like. From my point of view (as an employee of a financial startup that’s recently hit profitability and is now entering a scaling stage) it was interesting to listen to the challenges that these big companies face and to think about how we might try to avoid the same traps as we grow. Continue reading