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 May 2018

Innovation Hub Progress Report Infographic May 2018

Innovation Hub Website Progress Report Images Informal Assistance

237

Entities requested and received informal assistance

Innovation Hub Website Progress Report Images Meetings

61

Meetings with Reg Tech entities

Innovation Hub Website Progress Report Images Licences Granted

51

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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#Accelerate Regtech 2018: The role of the regulator

3 May 2018

Keynote address by John Price at Accelerate Regtech 2018 (Sydney, Australia), 3 May 2018.

Read the speech

ASIC takes action on misleading or deceptive conduct in ICOs

1 May 2018

ASIC is focused on misleading or deceptive conduct in the marketing and selling of digital or virtual tokens via initial coin offerings (ICOs). These offers can involve significant risks for investors that are often not disclosed or well understood.

Read the media release

ASIC update: Initial coin offerings and cryptocurrency

26 April 2018

A speech by ASIC Commissioner John Price, at the Tyro FinTech Hub – Events Space, (Sydney, Australia).

Read the speech

More news

Events

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ASIC's Regtech Liaison Forum - Meeting 03

The Forum was established in 2017 to facilitate networking, discussion of regtech developments and opportunities to collaborate on initiatives that promote positive applications of regulatory technology.

5 June 2018 2.00pm - 4.00pm AEST

Find out more

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

Initial Coin Offerings and Cryptocurrencies - regulator information sessions

The Australian Securities and Investments Commission (ASIC), Australian Transaction Reports and Analysis Centre (AUSTRAC) and the Australian Tax Office (ATO) will host information sessions on ICOs and cryptocurrencies. Questions to follow the presentation series.

5 June 2018 5:00pm

Register now

Podcasts

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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: 16/05/2018 03:11