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.
as of March 2017
Entities requested and received informal assistance
Meetings with Reg Tech entities
New AFS/credit licences granted
'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.'
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.'
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.'
General Manager, Fishburners