The Turnbull government has been methodically setting about positioning Australia to springboard and join China at the forefront in this emerging and exciting space. A recent KPMG report highlighted this opportunity for Australia to be the leading fintech hub in Asia-Pacific – leading the world in payment innovations, regtech and blockchain.
When you encourage and foster innovation in fintech, you increase the power of you, the customer, in the market, not just for financial services but so much more. From energy and telecommunications to childcare and disability services. A stronger customer will mean a stronger, more efficient, more productive and more competitive market. This “customer at the centre” principle is what drives the Turnbull government’s fintech agenda.
To learn more about the government initiatives in helping the fintech sector, click here.