What Australia's fintech sector needs from the next government
Australia’s fintech sector has come a long way — but regulatory delays and outdated policies risk stalling progress. The next government must act decisively.
Payments innovation in Australia is at a crossroads. Over the past decade, we’ve made strong progress as a nation — investing in world-class infrastructure like the New Payments Platform (NPP) and launching bold initiatives like the Consumer Data Right (CDR).
But if we truly want to be global leaders in tech-driven productivity in financial services, we cannot afford to lose momentum now.
The industry’s rapid evolution is both a point of pride and a source of challenge. Fintechs across the country are driving new ways to move money — faster, more securely and with greater transparency. These advances have benefited businesses and consumers alike, helping position Australia as a contender in the global fintech race.
However, the sector now faces a widening gap between the pace of technological change and the speed of regulatory adaptation. Delays in critical reforms, lingering regulatory uncertainty and outdated procurement practices are beginning to stifle the potential of local innovators.
