FinTech review submissions to be re-opened
Senator Andrew Bragg, chair of the Select Senate Committee on FinTech and RegTech, has revealed his intention to re-open submissions into the review.
Speaking to ACS CEO Andrew Johnson, Bragg said he always saw the work of the committee in two parts.
“The first part was to deliver an interim report that dealt with the quick wins around taxation, regulation and so on,” he said.
“And then in the longer term putting down the architecture needed to succeed on skills, on international engagement, the rules of the road right for example in relation to CDR and beyond our own borders.
“I still think that is the right framework for us but I think we need to be sensitive about the environment we are currently in we are trying to deal with a health crisis so of course the health of all of us also requires maintaining an economy.”
The inquiry was opened in September last year to explore the potential opportunities FinTech and RegTech could provide Australians, while examining the barriers for innovation in these areas.
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