Earlier this month the Senate Inquiry for FinTech and RegTech tabled its initial recommendations for future regulation of our industry. Thanks to the input of our members, over a third (14) of the 32 recommendations tabled by the Committee were initially suggested by FinTech Australia.
Crucially, many of the recommendations we suggested covered key policy areas for the fintech industry, including R&D tax incentives and the consumer data right.
We credit this result to the willingness of our members to engage with this process. Over 100 fintechs across various industries worked with us to create a submission that truly represents the community. (more…)