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More jobs for Australians as Silicon Valley Fintech opens APAC headquarters in Victoria

An announcement made by the Victoria Government focused on Melbourne being the new Asia-Pacific Headquarters of a Silicon Valley fintech innovator.

Victoria’s growing fintech sector will be boosted as Nomis Solutions, a Silicon Valley fintech innovator, has announced that Melbourne will be the location of their Asia-Pacific Headquarters. This move will be creating 50 jobs in over five years.

Nomis Solutions’ cutting-edge approach to big data as well as its personalised customer solutions and market analysis are being used by more than 10,000 bankers worldwide.

The support of the Andrews Labor Government has secured Nomis Solutions’ base of operations in Melbourne. The Victoria Government is growing the state’s reputation as a leading global innovation hub.

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

With an employment count of more than 115,000 people and a contribution of A$40 billion per year, the financial services is considered to be the largest sector of the Victorian economy.

The global fintech sector encompasses a wide range of capabilities such as payments, blockchain technology and data analytics. The sector is also considered to be a growing force within Australia’s A$147 billion financial and insurance service industry.

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

With the emerging of new technologies, rapid changes are occurring in the way the financial service industry operates. Because of this, the Victoria Government is ensuring that Melbourne’s fintech sector is flourishing and creating new jobs, businesses, technologies and exports.

The Labor Government announced last year that it would partner with Stone and Chalk, and YBF Ventures in order to create two dedicated fintech hubs in Melbourne. Those partnerships would nurture local talent, attract investment and create jobs in this fast-growing global industry.

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

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

Mr 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.”

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