In line with EYs deep experience in fintech, coupled with the knowledge/experience of EY Sweeney, EY was commissioned to conduct a census of fintechs in Australia. A broad research program was set in place in collaboration with a FinTech Australia steering committee. The research was conducted in July, 2019.
The purpose of the census is to:
- Understand the size, composition, and maturity of the Australian fintech landscape
- Discover the key challenges and blockers that fintech companies based in Australia are facing; and
- Identify areas where further policy development or investment might be needed
This report presents the key findings and it will act as a powerful platform for FinTech Australia when engaging with members, stakeholders, commercial partners, regulators and government departments.
2019 has been a year in which the financial services industry has been in the spotlight with the Hayne Royal Commission, the debate around the Consumer Data Right legislation, the tempering of the R&D tax, challenges around skilled migration visas and a softening of access to capital.