Bank customers usually stay with their bank despite scandals in the sector, however new tech that gives consumers more information might help them switch.
Australia could follow the UK's lead in fostering progress in the financial technology sector.
Brexit's presents some problems for startups in labour, trade and regulation but its not all bad.
Business Briefing: ASIC tries to prevent fintech startups from becoming scammers.
ASIC is teaming up with its Singaporean counterpart to encourage more fintech startups and dip its toe into the fast moving waters of the digital economy.
While Bitcoin gets all the attention, the blockchain technology it's based on could have applications across business and government.
The Australian government's fintech strategy resets the risk dial on how fintech firms are regulated, but the big unknown is how consumers will respond.
To successfully ride a disruptive technological wave will take more than simply adopting the technology.
Start-ups have always found it hard to navigate compliance requirements, but this time regulators are listening.
Venture capital money is starting to flow into Australian fintech, but success will largely be based on whether new players can innovate in areas where bank's aren't.