Share with your friends

Unlocking the potential: The Fintech opportunity for Sydney

Unlocking the potential: Fintech opportunity for Sydney

This report, commissioned by The Committee for Sydney and authored by KPMG Australia, identifies key enabling conditions for financial services technology or Fintech to flourish and sets out what Sydney needs to do to compete, thrive and become a leading Fintech hub in the Asia Pacific region.


Also on

Two young businessmen using touchpad at meeting

The report provides some specific insights into the rapidly developing market for Fintech. It focuses on what innovations, policies or tools are required across the public and private sectors to help grow the capacity and economic impact of Sydney's Fintech sector.

There are a number of leading and emerging Fintech hubs around the world, including San Francisco (Silicon Valley), New York, London, Dublin, Berlin, Tel Aviv, Singapore and Hong Kong. KPMG has analysed each of these and identified their respective strengths.

These established and emerging hubs all exhibit to varying degrees a set of common characteristics that have helped them develop a strong Fintech ecosystem, and which Sydney must consider in its aim to become the leading Asia Pacific Fintech hub.

Enablers for a strong Fintech ecosystem

Our analysis found the following factors are important enablers to developing a strong Fintech ecosystem:

  • Available and accessible early stage funding for Fintech startups and a strong pipeline of opportunities for investors/venture capital funds.
  • Depth of financial services and technology talent and close proximity of these talent pools to each other (in city locations).
  • A robust financial services industry, with a vibrant technology startup community with mentoring, networking and high visibility.
  • Government commitment and regulatory support for the Fintech sector specifically, and technology startups generally.
  • Business backing for a Fintech hub, with high levels of collaboration and a culture which encourages innovation and risk taking.

©2021 KPMG, an Australian partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved. The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organisation.

Liability limited by a scheme approved under Professional Standards Legislation.

For more detail about the structure of the KPMG global organisation please visit

Connect with us


Want to do business with KPMG?


loading image Request for proposal

Save, Curate and Share

Save what resonates, curate a library of information, and share content with your network of contacts.

Sign up today