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 August 2017

Progress report - August 2017 200 entities worked with, 18 crowd-sourced equity funding, 38 Digital advice, 25 consumer credit, 28 payments and remittance, 35 Marketplace lending, 56 other

Innovation Hub Website Progress Report Images Informal Assistance

164

Entities requested and received informal assistance

Innovation Hub Website Progress Report Images Meetings

49

Meetings with Reg Tech entities

Innovation Hub Website Progress Report Images Licences Granted

36

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

Innovation Hub Asic Website Rhn Icons Sunscribe PurpleTo subscribe for updates email
innovationhub@asic.gov.au

News

Innovation Hub Asic Website Rhn Icons Latest News Purple

ASIC's Regtech Showcase

Late September 2017 – Sydney

With regtech at the top of the minds of both regulators and the private sector, ASIC is hosting a showcase event to stimulate engagement and explore the opportunities and barriers to regtech deployment.

Find out more about this event

More news

Events

Innovation Hub Asic Website Rhn 
Icons Events Purple

The latest from the Innovation Hub

Wednesday, 30 August 2017, 5:30 PM

Perth
Location TBC

Join ASIC Commissioner John Price for a discussion on the work of the Innovation Hub, including an updates on informal assistance, the regulatory sandbox framework, regtech, crowd-sourced funding and international cooperation. Q & A to follow.

RSVP for this event

Podcasts

Innovation Hub Asic Website Rhn Icons Podcast Purple

Crowd-sourced funding

ASIC Commissioner John Price joins the podcast to discuss recent law reform around crowd-sourced funding and ASIC's role in administering the new legislation.

Listen now or download for later

Last updated: 18/08/2017 03:43