In line with EY's deep experience in fintech coupled with the knowledge/experience of EY Sweeney, EY was commissioned to conduct a census of fintechs in Australia. A broad research program was set in place in collaboration with a FinTech Australia steering committee. The research was conducted in August and September, 2017.

This research presents the key findings and it will act as a powerful platform for FinTech Australia when engaging with members, stakeholders, commercial partners, regulators and government departments.

 

Methodology

1
Quantitative research:
166 online surveys
  • 15 minute online survey.
  • Conducted with people that currently work in the fintech industry.
  • 57% of participants are founders of fintech companies, 55% are CEO's and 16% are heads of functional areas.
  • A mix of members and non-members of FinTech Australia.
  • Contact lists provided by FinTech Australia.
2
Qualitative research:
10 in-depth interviews
  • 45 minutes in length.
  • Conducted with leaders of the fintech community.
Fintech founders 8
Industry leaders (CEOs, directors) 2
3
Vox-pops:
16 interviews
  • Short interviews at Melbourne and Sydney hubs.
  • Conducted with fintech leaders.
  • Interview quotes are on the EY FinTech Australia Census 2017 microsite.
4
Secondary research:
Desk research

In particular, three EY reports have been referenced in this Census microsite and the report:

  • The Fintech Adoption Index 2017
  • EY UK Fintech Census 2017
  • UK FinTech: On The Cutting Edge – An Evaluation of the International Fintech sector 2016
Interpreting the microsite

Terminology... In this microsite, there are certain terms that will be used.

  • Incumbents - These are banks and other financial institutions.
  • RegTech - Technology that is applied to resolve issues that relate to financial industry regulation.

Sample size... Care should also be taken in interpreting the data across sub-segments and years where there are low sample sizes.

Symbols... To help with interpretation of figures and charts, the following have been included.

Indicates that a result is significantly higher (at the 95% confidence level) compared with the 2016 result
Indicates that a result is significantly lower (at the 95% confidence level) compared with the 2016 result

The research program was designed and run by EY's dedicated market research practice, EY Sweeney