Fintech inquiry ramps up its ambitions for Australia

A senate select committee on financial and regulatory technology will switch its focus to removing potential barriers to Australia becoming a fintech hub.

In its third issues paper, the committee said Australia “is well placed for growth in the financial and technology sectors, and to attract investment and create jobs.”

However, there are a variety of areas it believes require improvements to realise Australia’s potential as an international leader in the fintech space.

“The committee is interested in how Australia can market its strengths to position itself globally as a technology and finance centre,” it said.

“[We] welcome evidence on the competitiveness of Australia’s existing tax and regulatory regimes, especially as applied to inbound international investment, imports, and immigration.”

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Source: Fintech inquiry ramps up its ambitions for Australia – Finance – Strategy – iTnews