Results

We are continually meeting with innovative businesses in the fintech sector and helping them navigate our framework. The information below shows our results to date.

ASIC's Innovation Hub

Progress Report

Current as of January 2017

Innovation Hub Progress Report Infographic January 2017

Innovation Hub Website Progress Report Images Informal Assistance

121

Entities requested and received informal assistance

Innovation Hub Website Progress Report Images Meetings

30

Meetings with Reg Tech entities

Innovation Hub Website Progress Report Images Licences Granted

26

New AFS/credit licences granted

Our network

'Collaboration is at the heart of the new digital economy. Through DFAC, fintechs, along with consumer and academic representatives, work closely with regulators to inform a dynamic regulatory response based on a sound understanding of the new digital finance models, their potential benefits and risks.'

Deborah Ralston
Professor of Finance, Monash University (DFAC Chair)

'With an economy heavily skewed towards financial services, Australia has a unique opportunity to benefit from changes in consumer behaviour that are increasingly driving people to seek financial products through digital channels. The ASIC Innovation Hub ensures the local financial services industry can adapt with agility to the changing landscape.'

Toby Heap
Founding Partner, H2 Ventures

'I think it's fantastic to see ASIC working so hard to accommodate the needs and opportunities presented by Australian fintech startups, and sending a clear message that Australia's financial regulatory doors are open.'

Murray Hurps
General Manager, Fishburners

Related links

Subscribe for updates

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innovationhub@asic.gov.au

News

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Distributed ledger technology (blockchain)

20 March 2017

ASIC has released an information sheet on evaluating distributed ledger technology (DLT), also known as blockchain technology.

Read the media release

More news

Events

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Discussing ASIC's regulatory sandbox
6 April 2017

ASIC has launched a regulatory sandbox environment, designed to help fintechs develop and test their ideas.

It includes a world-first class waiver that allows eligible businesses to test certain services for up to 12 months without an Australian financial services or credit licence.

ASIC Commissioner John Price, and Senior Executive Leader Mark Adams will explain how it works, who is eligible and address questions.

Thursday 6 April 2017

At Stone & Chalk

Level 2, 50 Bridge Street, Sydney NSW

To attend see Meetup details

Podcasts

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Mark Adams on ASIC’s RegTech Roundtable

The roundtable facilitated discussion on the current RegTech landscape and its development and future potential to promote good risk management and compliance outcomes, and drivers and barriers to RegTech in Australia, including what the industry and ASIC can do to help promote the development and application of RegTech.

Listen now or download for later

Last updated: 02/03/2017 11:17