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 June 2017

Ih Results June 2017

Innovation Hub Website Progress Report Images Informal Assistance

144

Entities requested and received informal assistance

Innovation Hub Website Progress Report Images Meetings

43

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

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News

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Japan and Australia cooperate on fintech

23 June 2017

The Japan Financial Services Agency ('JFSA') and ASIC today announced the completion of a framework for cooperation to promote innovation in financial services in Japan and Australia.

Read the media release

ASIC proposes next steps on regtech
27 May 2017

ASIC will establish a new regtech industry liaison network, conduct a number of new technology trials using regtech applications and establish a 'hackathon' later this year to help identify roadblocks to the successful and rapid take-up of the sector.

Read the report

More news

Events

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For information on what is coming up, sign up at innovationhub@asic.gov.au.

Find out more

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: 26/06/2017 01:29