Policy update: Engines of the new economy
The greatest challenges facing Australia’s fintech sector are barriers to technology uptake and a lack of support to help the sector evolve and respond to new challenges.
The economic fallout from the COVID-19 pandemic has caused more difficulties and uncertainty, with many of the country’s start-ups not fulfilling the eligibility criteria for the JobKeeper scheme.
The result is that several major tech start-ups have been compelled to cut down on their vital talent pool, and this is likely to have a significant, negative impact on the sector in the long term.
This audio article covers CPA Australia’s views on the lessons Australia can learn from other FinTech-leading jurisdictions.
Listen to the article.