Drawing on EY’s deep experience in fintech, coupled with the knowledge / experience of the EY Sweeney research practice, EY has been commissioned to conduct the Census of fintechs in Australia. This year, a broad research program was set in place in collaboration with a FinTech Australia steering committee. The research was conducted between August and September, 2018.

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

 

Methodology

1
Quantitative research:
151 online surveys
  • 15 minute online survey
  • Conducted with people currently working in the fintech industry
  • 52% of participants were founders of fintech companies, 47% were CEOs and 24% were heads of functional areas
  • A mix of members and non-members of FinTech Australia
  • Contact lists provided by FinTech Australia
2
Qualitative research:
12 interviews
  • Short interviews at Melbourne and Sydney hubs
  • Conducted with fintech leaders
3
Other EY fintech reports

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

  • The EY ASEAN FinTech Census 2018
  • The EY 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 year prior
Indicates that a result is significantly lower (at the 95% confidence level) compared with the year prior

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