Making Australia Lucky by Design; A Call to Action to Support FinTech
The Financial Services industry is on the cusp of disruption. Technological innovation, rapidly changing consumer expectations, and the attractiveness of large profit pools have made this disruption imminent as FinTech ventures gather pace.
Last year USD 12.2bn was invested in FinTech ventures globally (up 205% from the year before). Australia, with its relative strength in financial services, is well placed to seize this opportunity, but also has a lot to lose if we do not set up the correct policy environment to harness this disruptive wave.