FinTech Australia has continued its successful collaboration with EY Australia to deliver this important piece of research now in its fifth year. The Census remains the only detailed, industry backed analysis of the Australian fintech industry. This year, we decided to focus on key themes shaping the future of fintech in Australia – Open Banking (Consumer Data Right), Access to Capital, Policy Settings and the implications of COVID19 on the industry.
This research initiative forms a critical part of FinTech Australia’s efforts to foster a thriving fintech ecosystem. Australia’s fintech industry has emerged as being among the important fintech ecosystems globally.
The Census gives us hard data and credible insights to back our advocacy work to drive the industry’s ongoing expansion.
This report is also, arguably, the best source document to define the overall shape of Australia’s fintech industry and how we differ from overseas markets. It gives us fine-grain detail about the established and emerging sub-sectors within fintech and helps track the industry’s increasing maturity in terms of company size and revenue.