According to the Research and Markets, the Australian Financial Technology market produced A$247.2 million in 2015, and has grown substantially since then. Three areas are predicted to continue the upward trend by 2020: digital payments, personal and business finance, and financial infrastructure and data analysis.
Australia has billions invested in this industry each year, and is home to numerous world leaders in FinTech. Last year, the treasurer of Australia increased the amount of clients that businesses can test without a license or approval from the Australian Securities and Investments Commission. This opened up many opportunities for new FinTech firms to establish themselves.
Source: https://www.cryptocoinsnews.com/report-australian-fintech-will-exceed-aud-4-billion-2020/