SEARCH
Govt to establish Aus as leading fintech market
Govt to establish Aus as leading fintech market
The Turnbull government has furthered its support of Australian fintech, pledging to establish Australia as a leading financial technology market in Asia by 2017.
In an announcement made from Shanghai yesterday, Treasurer Scott Morrison noted the important role fintech plays in Australia's "innovation future".
"We will support the industry in its objective of making Australia the leading market for fintech innovation and investment in Asia by 2017."
Mr Morrison confirmed that the government will provide $150,000 to the Stone & Chalk Fintech Asia Program, which aims to promote Australia as a leader of fintech.
"The Turnbull government is committed to working with the fintech industry, regulators and other stakeholders on the key issues for continued innovation in financial services."
"There is unlimited opportunity for high-value Australian services, particularly banking and finance, to the tech-savvy and growing middle class in Asia," he said.
Mr Morrison noted that consumers in Asia have rapidly adopted "innovative financial services", with investment quadrupling to almost US$4 billion in 2015.
The program also seeks to foster engagement and accelerate the acquisition of international talent and ideas into Australia.
The announcement follows the government's launch of a fintech advisory group last week.
Subscribe to our Newsletter
We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians
Your email address will be shared with nestegg and subject to our Privacy Policy
latest articles
OUR PLATFORMS AND BRANDS
- Accountants Daily
- Accounting Times
- Adviser Innovation
- Australian Aviation
- Broker Daily
- Cyber Daily
- Defence Connect
- Fintech Business
- HR Leader
- Independent Financial Adviser
- Investment Centre
- Investor Daily
- Lawyers Weekly
- Money Management
- Nestegg
- Property Buzz
- Real Estate Business
- Smart Property Investment
- SMSF Adviser
- Space Connect
- Super Review
- The Adviser
- Wellness Daily
- World of Aviation
EVENTS AND SUMMITS
- ACE25 The Accounting Conference and Exhibition
- Adviser Innovation Summit
- Australian Accounting Awards
- Australian AI Awards
- Australian Aviation Awards
- Australian Aviation Summit
- Australian Broking Awards
- Australian Cyber Awards
- Australian Cyber Summit
- Australian Defence Industry Awards
- Australian Law Awards
- Australian Law Forum
- Australian Space Awards
- Australian Space Summit
- Australian Wealth Management Awards
- Australian Wealth Management Summit
- Better Business Awards
- Better Business Summit
- Broker Innovation Awards
- Broker Innovation Summit
- Budget Summit
- Commerical Finance Awards
- Corporate Counsel Summit
- Defence & National Security Workforce Awards
- Fund Manager of the Year Awards
- ifa Excellence Awards
- Lawyers Weekly 30 Under 30 Awards
- New Broker Academy
- Partner of the Year Awards
- Partner Summit
- REB Awards
- Rising Star Awards
- SME Bootcamp
- SMSF Technical Strategy Day
- Super Fund of the Year Awards
- Women in Finance Awards
- Women in Finance Summit
- Women in Law Awards
- Women in Law Forum
LEARNING AND EDUCATION
MOMENTUM MARKETS NETWORK
LINKS
STAY CONNECTED
Subscribe to the Adviser Innovation eNewsletter.
