Apac
  • Home
  • CXO Insights
  • CIO Views
  • News
  • Conferences
  • Newsletter
  • Whitepapers
  • About us
Apac
  • Admired Tech

    Agile

    AI Healthcare

    Artificial Intelligence

    Augmented Reality

    Aviation

    Big Data

    Blockchain

    Cloud

    Cryptocurrency

    Cyber Security

    DevOps

    Digital Transformation

    Drone

    HPC

    Infrared

    Internet of Things

    IT Services

    Marine Tech

    Networking

    PropTech

    Remote Work

    Robotics

    Scheduling Software

    Sensor Tech

    Simulation

    Smart City

    Software Testing

    Startup

    Storage

    Unified Communication

    Web Development

    Wireless

  • Automotive

    Banking

    Capital Market

    Construction

    E-Commerce

    Education

    FinTech

    Food and Beverages

    Gov and Public

    Healthcare

    Insurance

    Legal

    Logistics

    Manufacturing

    Media and Entertainment

    Metals and Mining

    Pharma and Life Science

    Retail

    Sports

    Travel and Hospitality

  • CISCO

    Google

    IBM

    Microsoft

    Oracle

    Salesforce

    SAP

    ServiceNow

  • Business Intelligence

    CEM

    Cloud-based Planning

    Cognitive

    Collaboration

    Compliance

    Contact Center

    Contact Tracing

    Contactless Payments

    Corporate Finance

    CRM

    Custom Software Development

    Data Center

    Digital Signage

    Enterprise Architecture

    Enterprise Asset Management

    Enterprise Communications

    Enterprise Contract Management

    Enterprise Performance Management

    ERP

    Facility Management

    Field Service

    Fleet Management

    Gamification

    HR Technology

    IT Infrastructure

    IT Service Management

    Managed Services

    PLM

    Procurement

    Product Management

    Project Management

    RegTech

    Revenue Management

    Sales Tech

Menu
    • CISCO
    • Collaboration
    • Compliance
    • Contact Center
    • Healthcare
    • IT Service Management
    • Microsoft
    • Retail
    • MORE
    #

    Apac CIO Outlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIO Outlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    • Home
    • News
    • FinTech
    Editor's Pick (1 - 4 of 8)
    left
    IT Service Delivery Models Evolving with Business

    Todd Larson, CIO, Sentinel Benefits & Financial Group

    Managing Digital Transformation by IT and Security Teams

    Elena Kvochko, CIO-Group Security Function, Barclays

    Moving towards Banking and Fintech Partnership

    Peter Clark, Regional CIO, Standard Chartered Bank Technology and Operations, Hong Kong

    Technology and Business Conscience Collision

    Winston Benedict, CIO, Dentsu Aegis Network ANZ

    eMortgage, The Next Big Thing is Already Here: Make it Bigger

    Nafees Ahmed, CIO, Indiabulls

    Current Technology Issues/Trends

    Tim Thurman, CIO, Australian Securities Exchange (ASX)

    E-Mortgage, The Next Big Thing is already here: Make it Bigger

    Nafees Ahmed, CIO, Indiabulls

    Fintech 2.0: Revolutionising Southeast Asia Financial Services Ecosystem

    Hans De Back, Managing Partner, Finch Capital

    right

    Australian Fintech Market To Expand at a CAGR of 76.36% by 2020: A Frost & Sullivan Report

    By apacciooutlook | Monday, September 14, 2020

    Tweet

    SYDNEY, AU: Frost and Sullivan that address the global challenges related to growth opportunity forecast that the Australian Fintech sector will grow at a CAGR (compound annual growth rate) of 76.36% and reach A$ 4.2billion by 2020.

    Fintech offers services in the area of Financial Technology, it is an economic industry composed of companies that use technology to make financial services more efficient. 

    Fintech investments were focused in Australia, China and Singapore, and in 2015 elevated to reach US$3.46b. Asian Fintechs assembled strong support, with funding growing by 413%, whilst North American funding grew by 59%. While China has been the best performer so far, Australia is poised for exponential growth.

    In 2015 the total market size of the Australian Fintech sector was estimated at A$247.2m. Frost & Sullivan anticipates sharp growth in the Fintech market in both 2016 and 2017, followed by steady increases through to 2020.

    Growing consumer confidence and popularity of new Fintech products will see steady revenue growth in digital payments.  In Personal and Business Finance, the share of revenue to mobile-oriented personal finance solutions will expand as consumers become more comfortable with peer-to-peer lending, micro-investing, and mobile-based book-keeping.

    Financial Infrastructure and Data Analysis will increase in revenues, but become more concentrated as the share of revenues to the vendor and enterprise-oriented solutions offered by the Financial Infrastructure and Data Analysis segment slowly increases. However, these revenues will decrease as a share of the entire Fintech sector revenues

    “Australia’s Fintech market has both internal and external growth drivers,” says Audrey William, Head of Research, ICT Practice, Frost & Sullivan Australia & New Zealand. “The investment environment for Fintech companies is incentivized with aggressive low taxing and generous investment tax exemptions. The Australian Federal Government has extended a 20% tax offset for early-stage investments up to a total investment value of $200,000, and capital gains tax exemptions for direct and indirect investments held for at least three years.  It has also created a Fintech Advisory group committed to simplifying and creating new regulations to help Fintechs raise VC funding, develop and provide more financial products and access more financial data than was previously permitted.”

    tag

    Financial

    Weekly Brief

    loading
    25 Most Promising Red Hat Solution Providers
    ON THE DECK

    Content Management System 2020

    Top Vendors

    Contactless Payments 2020

    Top Vendors

    Admired Tech 2020

    Top Vendors

    Previous Next

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Read Also

    Four Security Issues in IoT

    Four Security Issues in IoT

    Four Use Cases of AR/VR Technology in Employee Training

    Four Use Cases of AR/VR Technology in Employee Training

    Five Major Trends in Digital Transformation for Businesses

    Five Major Trends in Digital Transformation for Businesses

    How Blockchain Reinvents Regtech

    How Blockchain Reinvents Regtech

    Five AI Technologies to Help Boost Business

    Five AI Technologies to Help Boost Business

    Popular E-Commerce Growth Trends in 2021

    Popular E-Commerce Growth Trends in 2021

    Loading...

    Copyright © 2021 APAC CIOoutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy Policy  |  Sitemap |  Subscribe

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://www.apacciooutlook.com/news/australian-fintech-market-to-expand-at-a-cagr-of-7636-by-2020-a-frost-sullivan-report-nwid-1767.html