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.

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Regtech Initiatives 2019 Series

August to September 2019

The Regtech Initiatives Series looked to increase the awareness and understanding amongst industry of the current state and future potential of regtech as applied to the Financial Services and Insurance industries. Watch the livestreams from our last three events below.

Monitoring Financial Advice Promotions Symposium - Livestream

Financial Advice Files Symposium - Livestream

Voice Analytics Symposium - Livestream

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Events

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ASIC's 8th Regtech Liaison Forum

22 November, 2019

ASIC's quarterly Regtech Liaison Forum provides a space for the exchange of ideas, and establishing opportunities for future collaboration around the central topic of Australia's regtech ecosystem.

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Last updated: 01/05/2019 04:51