FinTech and RegTech

In December 2019, we responded to the Issues Paper published by the Senate Select Committee on Financial Technology and Regulatory Technology.

AusPayNet’s submission provides an overview of the Australian payments system, the changes to the ways we pay, and highlights some of our work to support fintechs. This includes:

  • better understanding fintech requirements of the Australian payment system; and
  • creating a pilot and approval process for non-standard payment devices for use in the Australian market, where there is no international standard for device security assessment.

AusPayNet’s submission is available below and the Committee’s Issues Paper is available here. Our CEO Andy White also appeared at the Public Hearing held by the Committee in Sydney on 19 February 2020.

Chaired by Senator Andrew Bragg, the Committee will present its final report in October 2020.

 

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