Fintech vs. banks, AI jobs surge & top startup raises

HeadlinesClash between fintech industry and big banks over open banking.New report predicts the rise of AI jobs in Australia.Details of "Future Made in Australia" legislation explored.Notable startup capital raises, including Caresquare and Redactive AI.SummaryIn this episode of the Startup Retro podcast, the hosts delve into the biggest headlines of the week. The discussion centres around the clash between the fintech industry and big banks over open banking, as well as a new report predicting the rise of AI jobs in Australia. Will and Gem also pick their favourite startup capital raises and share intriguing insights from their reading throughout the week.Time Stamps00:24: The clash between the fintech industry and big banks over open banking implementation in Australia reveals differing perspectives on the effectiveness and adoption of the system.06:50: A new report predicts a significant increase in AI-related jobs by 2030, emphasising the need for individuals to develop AI competency to thrive in the future workforce.09:48: The "Future Made in Australia" legislation introduces key pillars to promote community benefits and sector assessments for strategic investments.14:00: Startup raises, like Caresquare's seed investment and Redactive AI's substantial funding round, highlight the diversity and innovation in the Australian startup scene.24:53: Engaging with resources like Robotsguide.com sheds light on the wide range of robotics applications and innovations shaping the technology landscape.LinksTo get all the links to the stories we mentioned in this episode, you can read this week’s Overnight Success newsletter: https://newsletter.overnightsuccess.vc/p/6-july-2024HeadlinesOpen Banking:Australian Banking Association Consumer Data Right Strategic Review July 2024Basiq Open Banking Report July 2024Tech Council AI JobsMedia ReleaseReportStartup RaisesRedactive AICaresquare Millibeam: ReciMe Profit PeakKaaS - Knowledge as a ServiceOur favourite startup-relevant read, listen or watch of the weekGemma’s Pick: Robots GuideWill’s Pick: What you should know about SAFE notesSend feedback to the hostsGemma LinkedIn: https://www.linkedin.com/in/gemmaclancy/Will LinkedIn: https://www.linkedin.com/in/williamrichards/SponsorsThanks to our sponsors for helping to make this episode of The Startup Retro possible.RipplingAre you a founder overwhelmed by HR, payroll, onboarding, and IT tasks? Simplify with Rippling: an all-in-one platform for your global workforce.Get 3 Months Free Google for StartupsGoogle for Startups Cloud Program Get up to US$350,000 of Google Cloud and Firebase credits for two years for your startup plus technical, business and financial support through the Google for Startups Cloud Program. Apply nowGoogle for Startups AI First Accelerator The Google for Startups AI First Accelerator is a 10-week equity-free accelerator program for Seed and Series A stage Australian startups building AI&ML-driven platforms and products.Apply now TeamifiedBuild a top-notch team fast with Teamified. Teamified offers fractional CTOs, contractors, and remote team members from the Philippines, India, or Sri Lanka. Cut hiring times by 50%.Get started The Day One NetworkThe Startup Retro is part of Day One, the podcast network dedicated to founders, operators & investors.For updates on the Day One network, including news about our shows, like this one, and network-wide updates, sign up for the Day One Newsletter. We are dedicated to creating content that helps Australian founders succeed. https://dayone.fm/newsletterSponsor the showWant to become a sponsor? Send us an email.Follow Day One on the socialsTwitterLinkedInThis podcast uses the following third-party services for analysis: Podtrac - https://analytics.podtrac.com/privacy-policy-gdrpSpotify Ad Analytics - https://www.spotify.com/us/legal/ad-analytics-privacy-policy/