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

as of March 2017

Ih Results Mar 2017

Innovation Hub Website Progress Report Images Informal Assistance

125

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

33

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

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News

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ASIC signs fintech Co-operation Agreement with OJK to promote innovation in financial services

21 April 2017

The Australian Securities and Investments Commission (ASIC) and Indonesia's Otoritas Jasa Keuangan (OJK) have entered a Co-operation Agreement to promote innovation in financial services in their respective markets.

Find out more


The future of fintech and regulation

21 April 2017

ASIC Chairman Greg Medcraft addressed the British Australian Fintech Forum 2017 on how ASIC is supporting fintech and innovation while ensuring trust and confidence in the financial sector.

Read the speech

More news

Events

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Regtech and regulatory sandbox Q&A session

ASIC Commissioner John Price recently delivered a presentation to the Perth Fintech Meetup on what ASIC is doing in the regtech space, and explained the regulatory sandbox.

Read the speech and view the presentation

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: 06/04/2017 07:15