On 21 April 2017, ASIC signed a Cooperation Agreement with Indonesia’s Otoritas Jasa Keuangan establishing a framework for information sharing on emerging market trends and regulatory issues in the expanding space of innovation in financial services.  Acknowledging the vital role of fintech in shaping the current global financial services landscape, this agreement is another step forward for ASIC following prior agreements with other international regulators including the Monetary Authority of Singapore, the Ontario Securities Commission, Capital Markets Authority in Kenya and the FCA.

ASIC chairman Greg Medcraft, Minister Assisting the Prime Minister for Cyber Security Dan Tehan, and ASX deputy CEO Peter Hion also led an Australian fintech delegation to London in mid-April.  Aimed at improving opportunities for tech collaboration between Australia and Britain, the delegation’s  trip comes off the back of a reciprocal visit from ten UK fintech startups to Sydney and Melbourne in March.