Tuesday, 31 July 2018 01:28

EY, Fintech Australia launch 2018 fintech census

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EY, Fintech Australia launch 2018 fintech census Image courtesy of Sujin Jetkasettakorn at FreeDigitalPhotos.net

Global assurance, tax, transaction and advisory services company EY has partnered with fintech industry peak body FinTech Australia to launch their third annual census aimed at tracking the growth and the progress of Australia’s fintech ecosystem.

The 2018 EY FinTech Australia Census is designed to gather intelligence on the changes in the Australian fintech ecosystem and demonstrate how regulatory and economic factors are affecting market growth.

FinTech Australia chief executive Brad Kitschke said the census was an important piece of work to demonstrate year-on-year trend base data about the market.

“This year, we have seen regulatory decisions about open banking and open data, and comprehensive credit reporting, so it will be interesting to see what the impact of this has been, and how the industry is tracking,” Kitschke said.

“The census is not just a report about the industry, but a necessary tool to help FinTech Australia as it advocates for policy outcomes that will continue to grow the sector. We encourage everyone in the fintech ecosystem to participate.”

EY FinTech adviser Meredith Angwin said Australia was a fintech leader in the Asia-Pacific region and the annual census provided an important opportunity to obtain an accurate snapshot of the local market.

“As the Australian fintech industry matures rapidly, having a clear picture of the sector is integral to helping ensure both the overall ecosystem and individual participants continue to succeed and thrive.”

According to Angwin, EY’s continued investment in helping to document and support the growth of the fintech industry in Australia had already resulted in valuable insights and the company looked forward to what this next iteration of the census "would tell us about the key trends, challenges and opportunities facing the sector".

Results of the survey will be announced at FinTech Australia’s Intersekt Conference in Melbourne, on 29 October, and every survey respondent will be given the opportunity to go into a prize draw to win tickets to the conference.

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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