Australian fintech regulatory map
(Click highlighted columns and rows for more information)
| Crypto | Payments | Open Banking | Lending | Neobank | Wealthtech | Insurtech | Regtech | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Token Issuer | Exchange | Wallets / Cards | Card Acquiring | Data recipient | Intermediary | Consumer lender | SME lending / Invoice finance | Buy now pay later | eg lending + deposits | eg roboadvice | eg distribution, risk rating | eg AML compliance | |
| AFSL | Typically not required (except for security tokens, derivatives) | Required (NCPF) | Not Required* | Not Required* | Typically not required (except for marketplace lending) | Typically not required | Required (banking) | Required (advice/deal) | Required (advice/deal) | Not Required* | |||
| ACL | Not Required* | Typically not required (unless credit) | Not Required* | Not Required* | Required (lender / broker) | Not Required* | Required (lender / broker) | Not Required* | Not Required* | Not Required* | |||
| Other | APRA/RBA regulation, depending on volume | ACCC accreditation required | APRA licensing required for full banking services | APRA required for insurers (not distributors) | |||||||||
| AML | Required (fiat <> crypto) | Required | Required (scheme member) | Not Required* | Required | Required | Required | Required | Not Required* | ||||