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 November 2017

Ih Results Nov 2017

Innovation Hub Website Progress Report Images Informal Assistance

197

Entities requested and received informal assistance

Innovation Hub Website Progress Report Images Meetings

56

Meetings with Reg Tech entities

Innovation Hub Website Progress Report Images Licences Granted

38

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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 China and Australia to cooperate on fintech

6 November 2017

The China Securities Regulatory Commission ('CSRC') and ASIC have entered into an agreement to promote innovation in financial services in their respective markets.

Read the release

The fintech sector opportunity: ASIC perspective

2 November 2017

A speech by Commissioner John Price at the 4th Annual FinTech Summit 2017, Sydney, Australia

Read the speech

ASIC expands network of fintech cooperation agreements to Switzerland

27 October 2017

On 18 October 2017, ASIC and the Swiss Financial Markets Authority (FINMA) entered a new agreement to cooperate on innovation in the financial sector.

Read the media release

More news

Events

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ASIC's Regtech Showcase - Opening remarks
18 September 2017

by ASIC Chairman, Greg Medcraft.

'So what is ASIC’s role, and indeed the role for the regulator generally, in this fast moving environment?'

Read the full speech

About the event

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: 10/11/2017 12:04