The Australian Securities and Investments Commission (ASIC) and the Swiss Financial Markets Authority (FINMA) have inked an agreement to foster cross-border fintech innovation.

Under the agreement, the two regulators will refer innovative businesses in each other’s markets and will offer support before and during the authorisation process.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The watchdogs will also share information on regulatory issues related to fintech, such as market trends and developments in fintech.

ASIC chairman Greg Medcraft said: “This expands our innovation cooperation network into continental Europe, and with Switzerland, opens up another key financial centre for Australian fintech expansion.

“This agreement cements an already strong relationship with FINMA, and we look forward to ongoing collaboration in the fast-paced fintech environment in both countries.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.