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This report was prepared for the Department of the Treasury, with clear recommendations for financial reform that would improve the operating environments for Fintech companies, in turn boosting the Australian economy.
Commissioned by The Committee for Sydney and authored by KPMG, this report examines achievements that have been made since 2014 and identifies areas that need to be addressed to enable Sydney (and Australia) to become a strong and prosperous fintech ecosystem.
In the financial services sector, the failure of a single institution can have a compounding effect on the sector, and on national and global economies. In particular, there is systemic risk from inter-institution lending, and this effect is more complex in Australia due to the...
Financial systems, their institutions, markets and regulatory bodies, are constantly evolving in response to the changing dynamics of technology, politics, demographics and cultural norms. These pressures are evident in Australia today where Australia’s ageing population provides a challenge to both public resources and the financial...
Financial technology, or FinTech, is transforming our financial system and potentially our entire economy and it’s not just about digitising transactions. Just as the internet has empowered people around the globe through access to information, financial technology is reducing information asymmetry in the marketplace and...