ASIC and fintech

If you’re an eligible fintech startup and need an Australian financial services licence, an Australian credit licence, or help with an existing licence, the Innovation Hub can help you by providing:

  • Twelve months of informal guidance on licensing and regulation
  • Use of the regulatory sandbox (a 12-month licensing exemption).

Fintech licensing and regulation

The Innovation Hub can offer you 12 months of informal guidance on licensing and regulation, and potential exemptions.

If your application is successful, you’ll be assigned a designated ASIC contact person who can help prepare your licensing applications and provide ongoing support that integrates with your business model. They can also help determine whether there are waivers and relief applicable to your startup or scaleup.

How your input helps ASIC

ASIC seeks to collaborate with innovative startups and scaleups across marketplace lending, crowd-funding, robo-advice, payments and blockchain. Your input will help ASIC understand the challenges that startups face with legal compliance, which may become impractical as the global tech industry continues to leap forward.

ASIC is committed to helping fintech companies navigate the regulatory system and will streamline the licensing process where possible to enable fintech innovation. But we are equally committed to maintaining the principles of that regulatory system by providing strong and fair protections for Australian consumers and investors.

Innovation Hub Logo Bw

Subscribe for updates

IhsubscribeSubscribe to receive news alerts on a wide range of Innovation Hub activities including news, events, publications, announcements, and more.

Subscribe now

News

Ihnews

Financial Advice Promotions Symposium

2 August 2019

This inaugural Regtech Initiatives event successfully wrapped up. It displayed how regtech can help improve compliance and quality of financial promotions and advertising, both printed and online.

Click here to watch the livestream

Find out more

Fintech innovations podcasts

31 July 2019

This podcast series from Toronto Centre gives regulatory and market perspectives on fintech innovations currently taking place in Australia.

Introducing the newest technology to capital markets - Oliver Harvey, ASIC and Katie McDermott, ASX provide regulator and industry perspectives.

To protect or to foster innovation: An inside look at a regulator's initiative to do both -  Mark Adams, ASIC

Listen to the podcasts


Archive

Events

Ihnews

Voice Analytics & Voice-to-Text Trial and Symposium

Join ASIC on Tuesday 24 September 2019 to learn the results of its Voice Analytics & Voice-to-Text (VA&VT) trial.

Find out more


Archive

Last updated: 01/05/2019 04:51