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.
ASIC Chairman Greg Medcraft and Commissioner Cathie Armour during a Senate Estimates hearing at Parliament House. Medcraft told the hearing ASIC must be a ‘model litigant’.
Mick Tsikas/AAP
Kevin Davis, Australian Centre for Financial Studies
Calls for GST on banking make sense, but working out the ultimate benefit is no easy task.
George Osborne and Jim O'Neil, Commercial Secretary to the Treasury and a former Goldman Sachs investment chief, enjoy a contract signing in Beijing earlier this year.
REUTERS/Andy Wong/Pool
Amy Auster, Australian Centre for Financial Studies
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.
Australia can expect expansion in sectors such as tourism, the health and financial services sectors, banking and securities.
AAP Image/Joel Carrett
Digital technology and pervasive access to the internet have reshaped many industries, and banking is no exception: Hampden and Co is the latest in a short but growing list of digital-only banks built…
The financial institutions of the City of London and Wall Street are to take part in a series of “war game” exercises aimed at testing their resilience to cyber attack. The announcement comes as prime…
Unlike America, Australia is overbanked.
Nicholas Eckhart/Flickr
A key component of the Financial System Inquiry handed to Treasurer Joe Hockey this week was that “the financial system should be subject and responsive to market forces, including competition”. But on…
China and Australia have signed a declaration of intent for a free trade agreement.
Lukas Coch/AAP
The services sector is poised to reap significant gains from the China-Australia free trade deal. Preferential access will be granted across key areas such as education, financial services, legal services…