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 2018

Innovation Hub Progress Report Infographic Aug18

Innovation Hub Website Progress Report Images Informal Assistance

287

Entities requested and received informal assistance

Innovation Hub Website Progress Report Images Meetings

66

Meetings with Reg Tech entities

Innovation Hub Website Progress Report Images Licences Granted

63

New AFS/credit licences granted

Our network

'Collaboration is at the heart of the new digital economy. Through DFAP, 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 (DFAP 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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CFTC and ASIC sign FinTech Cooperation Arrangement

5 October 2018

The US Commodity Futures Trading Commission and the ASIC have signed an arrangement to cooperate and support innovation through each other’s financial technology initiatives – CFTC’s LabCFTC and ASIC’s Innovation Hub.

Read the media release

Luxembourg and Australia enter agreement on fintech and regtech

4 October 2018

The Luxembourg Commission de Surveillance du Secteur Financier and ASIC have signed a Cooperation Agreement which provides a framework for cooperation to understand financial innovation in each jurisdiction.

Read the media release

More news

Events

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Helping Australian fintech and regtech startups navigate the regulatory framework

8 November

Learn about the work ASIC is doing to support innovation, and the resources and services ASIC has available for innovative fintech businesses.

Also gain an insight on ASIC's approach to regulatory technology plans for new funding announced this August.

Find out more

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: 18/10/2018 02:59