A new report filed by the research group Australian Fintech, has found that FinTech Revenue in Australia is expected to grow rapidly over the next few years.\u00a0 The group has predicted an annual growth rate of 76.3% and the valuation of Australian FinTech will be greater than AUD $4 billion, or roughly $3 billion USD, by the year 2020.\u00a0 The research group found that, by 2020, there are three areas that financial technology services will grow rapidly in Australia.\u00a0 These areas are digital payments, personal and business finance, and financial infrastructure and data analysis.\u00a0 The growth of the FinTech sector is expected to bring about AUD $10 billion in revenue just from traditional financial institutions alone.\u00a0 The rise of the FinTech will add roughly AUD $3 billion worth of added revenue.\u00a0 With the large amount of money being invested into the FinTech industry each year it has shown to be one of the fastest growing industries in the world.\u00a0 Australia has set up the right ingredients to make it a FinTech hub to appeal to companies to hopefully show FinTech firms that Australia is the place to establish themselves.\u00a0 Because of this Australia has seen a boom within the industry.<\/p>\n","protected":false},"excerpt":{"rendered":"
A new report filed by the research group Australian Fintech, has found that FinTech Revenue in Australia is expected to grow rapidly over the next few years.\u00a0 The group has predicted an annual growth rate of 76.3% and the valuation of Australian FinTech will be greater than AUD $4 billion, or roughly $3 billion USD, … Continue reading The Rapid Growth of Australian FinTech Industry<\/span><\/a><\/p>\n","protected":false},"author":1836,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","kk_blocks_editor_width":"","_kiokenblocks_attr":"","_kiokenblocks_dimensions":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-139","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"gutentor_comment":0,"qubely_featured_image_url":null,"qubely_author":{"display_name":"jsteiner","author_link":"https:\/\/blogs.scu.edu\/finis\/author\/jsteiner\/"},"qubely_comment":0,"qubely_category":"Uncategorized<\/a>","qubely_excerpt":"A new report filed by the research group Australian Fintech, has found that FinTech Revenue in Australia is expected to grow rapidly over the next few years.\u00a0 The group has predicted an annual growth rate of 76.3% and the valuation of Australian FinTech will be greater than AUD $4 billion, or roughly $3 billion USD,…","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/139","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/users\/1836"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/comments?post=139"}],"version-history":[{"count":1,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/139\/revisions"}],"predecessor-version":[{"id":140,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/139\/revisions\/140"}],"wp:attachment":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/media?parent=139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/categories?post=139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/tags?post=139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}