Australia’s fintech industry today launched an expanded census survey, which will seek to discover new insights into key issues such as driving greater fintech exports and improving ecosystem gender and geographic diversity.
FinTech Australia, with the support of EY, called on Australia’s fintech community to fill out this year’s census questionnaire before 3 September.
“Last year’s inaugural census – released as part of our 2016 Collab/Collide summit – provided an extremely robust evidence base to help FinTech Australia advocate on behalf of the industry,” FinTech Australia vice-chair Stuart Stoyan said today.
“This year’s census will be even more important as it will for the first time give us trend-based information about the industry.
“There is no question that Australia’s fintech industry has undergone tremendous growth and change over the last year and we want to capture this in our census.
“We encourage all members of the fintech community to take the time to fill out this questionnaire as by doing this they will be helping to create a stronger industry.”
A range of new, expanded and updated questions have been introduced into this year’s census, which seek to gain greater insights into:
- How we can best support our Australian fintechs to expand overseas
- How we can create improved gender diversity across the industry, along with gleaning more fine-grain detail as to where fintechs are located
- The views of fintechs on which policy responses they think will be most effective to grow the industry, with survey respondents being able to choose from a range of policy levers including open banking, an expanded regulatory sandbox, reduced barriers to banking licences and making the research and development tax incentive more accessible to startups.
EY FinTech advisor Meredith Angwin said Australia is the first country in Asia which has its own industry-backed census.
“Understanding the nuances of the Australian fintech landscape, is an essential part of helping the industry continue to grow and realise its full potential, on both a local and a global scale,” Ms Angwin said.
“That’s why EY is so pleased to once again be working with FinTech Australia on this year’s census and helping to identify the key insights and trends impacting the sector.”
The purpose of the EY FinTech Australia 2017 Census will be to:
- Understand the size, composition, and maturity of the Australian fintech landscape;
- Discover the key challenges that fintech companies based in Australia are facing; and
- Identify areas where further policy development or investment might be needed.
The census results will be launched at the two-day Collab/Collide summit, which is being held as part of the week-long Intersekt fintech festival in Melbourne from 27 October-3 November. Early bird tickets are currently available.
More information about the census can be found here.
About FinTech Australia
FinTech Australia is a national association for the Australian FinTech Startup community. Our vision is to make Australia the leading market for FinTech Innovation and Investment by working with both sides of Government, Industry and the Australian FinTech community to create a supportive environment and partner ecosystem in Australia and abroad. For more information go to www.fintechaustralia.org.au
Head of PR and Communications
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.
For more information, visit ey.com.au