Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 29 AUGUST 2023

The Fintech Regulation Hub

Sophie Grace Pty Ltd
Explore more from Sophie Grace Pty Ltd

Fintech, or financial technology, describes new technologies and innovations for the delivery of financial services.

AustraliaFinance and Banking
Sarah Chapman
Sarah Chapman
Author LinkedIn connections

Financial Technology, more commonly known by the buzzword 'fintech', is a broad description of a variety of new technologies and innovations that aim to compete with traditional methods in the delivery of financial services.

Avenues of Assistance for Fintech Startups

The Innovation Hub

ASIC's Innovation Hub is an initiative for fintech businesses that are developing innovative financial products or services. Eligible businesses may receive informal guidance from ASIC through the Innovation Hub. The guidance provided is intended to help start-ups and scaleups navigate Australia's regulatory system. For example, ASIC will assist businesses in understanding their obligations under the financial services and credit regulatory frameworks, how ASIC administers this framework and ASIC's thoughts on regulatory issues you should consider when establishing your business. Eligibility for the Innovation Hub will depend on whether your business meets certain criteria as

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Australia's Enhanced Substantial Holding Disclosure And Beneficial Ownership Disclosure Regime Comes Into Effect From 4 December

Australian financial markets face a fundamental shift in disclosure requirements from December 2026, as new rules expand substantial holding obligations beyond traditional voting interests to capture derivative positions and economic exposure. Market participants must now navigate complex calculations involving physically settleable derivatives, cash-settled instruments, and offsetting short positions—with no grandfathering for existing holdings.
AustraliaFinance and Banking
K&L Gates
K&L Gates
Article

New Payment Models Face A Broader Licensing Regime

Australia's payment services landscape is undergoing a fundamental regulatory transformation with the introduction of new legislation that shifts focus from specific technologies to the functions and activities performed by payment service providers. The Treasury Laws Amendment Bill 2026 will replace the existing non-cash payment facility framework with a comprehensive licensing regime that distinguishes between payment products and payment services, potentially capturing previously unregulated payment
AustraliaFinance and Banking
McCabes
McCabes
Article

Australia's Updated Financial Innovation Strategy

The Australian Government has unveiled its Financial Innovation Strategy, introducing a new Financial Innovation Committee and overhauling the Enhanced Regulatory Sandbox framework to better support emerging businesses testing innovative financial products. The strategy encompasses reforms across consumer data rights, digital assets, tokenised infrastructure, and regulatory frameworks designed to position Australia as a leader in financial innovation.
AustraliaFinance and Banking
K&L Gates
K&L Gates