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Australian Fintech, Forecast for 2020
Mobile Apps, Robo-Advice, Customised Analysis Algorithms, and Blockchain will ensure a CAGR of 76.3%.
27-Dec-2016
Global
Market Research
$3,000.00
Special Price $2,250.00 save 25 %
Australian FinTech revenue will grow at a CAGR of 76.3% and exceed A$4 billion by 2020, driven by reduced taxes on investments in startups, steady increase in mobile payments, and rise of Tech-savy digital natives. The Australian Fintech Sector generated A$247.2 million in 2015. Sharp growth in the Fintech market in 2016 and 2017, followed by steady increases through to 2020, is likely spur growth.
Frost and Sullivan defines the Australian FinTech sector as comprising three market segments: digital payments, personal and business finance, financial infrastructure and data analysis. Each segment’s unique method of disrupting the financial services sector relies on its own digital technologies. This report focuses on the way these segments will grow by 2020 and the challenges that FinTech companies will face.
Australian FinTech is in the development stage of the business cycle, and the FinTech start-up space has grown rapidly and is set to drive $10 billion of revenue away from existing financial institutions and ensure $3 billion worth of added revenue.
Innovation hubs provide a strong foundation for start-ups to operate and reach positive cash flow. A$438 million of investment in Australian FinTech in 2015 was concentrated in Sydney.
Some disruptors have been observed in the growing Australian FinTech market. New EFTPOS and online charging solutions will allow more merchants to be paid through credit cards but also drive down the cost of receiving payments. The replacement of financial advice teams with Robo-Advice teams will be hugely attractive to established financial institutions that want to cut labour costs. Blockchain will radically reduce costs by decentralising ledgers for financial settlements.
Market revenue in this report only includes revenues of those companies that disrupt the existing financial sector. FinTech companies included in this report use technologies that fundamentally challenge existing financial institutions.
The base year for analysis is 2015 and the forecast period is 2016 to 2020. Revenue is provided given in US dollars when pertaining to the global FinTech sector and in Australian Dollars when pertaining to the Australian FinTech sector.
Key Questions This Study Will Answer
1. What is the state of the Australian financial sector?
2. What are the global and Asia-Pacific FinTech trends?
3. What are the digital payment trends and cryptocurrencies in use, in Australia?
4. How are algo-banking, blockchain, and FinTech data analysis poised to change the face of Australian FinTech?
5. What does FinTech mean for ICT market participants?
Frost & Sullivan determines that the FinTech disrupters in the Australian FinTech sector are predominantly emerging, with a few companies already worthy of immediate acquisition or several companies on the cusp of significant growth or game-changing innovation. Frost & Sullivan believes that the response by the Australian banks to FinTech is only an emerging strategy. Most Australian banks have not declared whether their model of responding to the FinTech market is to grow partnerships or innovate internally.
Key Findings—Australian FinTech 2015–2020
Key Findings—Australian FinTech 2015–2020 (continued)
Australian FinTech—Business Cycle
FinTech Investments in Australia
Mobile Payment Trend
Wealth Management Technology—Timeline
Digital Ecosystem—Key to Success of FinTech and Banks
Blockchain and Decentralization
Frost & Sullivan GI Quadrant—FinTech Disrupters
Frost & Sullivan PI Quadrant—Australian Banking Strategy
Financial Services—Next-Gen Disruption
Financial Services—Next-Gen Disruption (continued)
Research Scope and Market Segments
Market Offering by Segment
Business Models in the FinTech Industry
Definitions and Methodology
Current State of Australian Banking
Future Profitability
Changing Trends in FinTech
The Big Four—Westpac
The Big Four—CBA
Innovation Models of WBC and CBA
The Big Four—NAB and ANZ
Current Financial Sector Summary
Global FinTech Activity
Key Global FinTech Company Profiles
Key Global FinTech Company Profiles (continued)
Global FinTech M&A Activity
Global FinTech Dispersion
Asia-Pacific FinTech Activity
Asia-Pacific Innovation Hubs
Key Asia-Pacific FinTech Company Profiles
Key Asia-Pacific FinTech Company Profiles (continued)
Global FinTech Summary
Australian FinTech Market Revenue Forecast
FinTech Market Growth Drivers
FinTech Market Growth Drivers (continued)
Digital Payments Segment Forecast
Personal and Business Finance Segment Forecast
Financial Infrastructure and Data Analysis Segment Forecast
Segment Concentration Forecast
Australian FinTech Forecast Conclusions
Mobile Payments
Apple Pay
Android Pay
Other Mobile Payment Apps
Apple and Google—Threat to Paypal
Visa and MasterCard to Decline as Google and Apple Acquire FinTech Companies
Mobile Payments Summary
Cryptocurrencies
Cryptocurrencies and Volatility
Growth Drivers and Restraints for Cryptocurrencies
Cryptocurrencies and the New Payments Platform (NPP)
Cryptocurrency Summary
Key Players in the Digital Payments Segment
Key Players in the Digital Payments Segment (continued)
Market Position of Digital Payment FinTechs
Digital Payments FinTech Market Analysis
Partnerships and Business Acquisition Opportunities
What is Algo-Banking?
Self-Managed Super Funds—Key to Algo-Banking Growth
Algo-Banking to Grow with Digital Natives and SMSFs
Micro-Investing—Low-cost Investment Model for Digital Natives
AI & Digital Ecosystems
Self-Learning AI—The Future Analytics Product of Financial Services
AI Hardware Architecture—The Foundation for Customised AI Software
Hypothetical Digital Banking Ecosystem
Partnerships and Business Acquisition Opportunities
Key Players in the Personal and Business Finance Segment
Key Players in the Personal and Business Finance Segment (continued)
Market Position of Personal and Business Finance FinTechs
Personal and Business Finance FinTech Market Analysis
Personal and Business Finance Summary
Blockchain—Unexpected Disruption
Blockchain—How does it work?
Trends in Blockchain Research
Blockchain Development has Fostered Partnerships between ICT and Financial Services
Blockchain-as-a-Service
Data Analysis in FinTech
Key Players in the Infrastructure and Data Analysis Segment
Market Position of Infrastructure and Data Analysis FinTechs
Infrastructure and Data Analysis FinTech Market Analysis
Partnerships and Business Acquisition Opportunities
Infrastructure and Data Analysis Summary
Security Challenges and the Need for Security Vendors
End-user Attacks—The Highest Priority
Application-level Security—Stronger Than Browser Security
Expansion of Biometric Security
5G Connectivity and Enhanced Security
5G Connectivity and the Role of Telecommunications
Telecommunication Companies and FinTechs
Connection Security
Huge Opportunities for Data Centre Providers
Concerns in Server and Database Security
ICT and Telecommunications Opportunities will be Security Focussed
Lessons for Australian FinTech from the Global Sector
The Final Word from Frost & Sullivan
Legal Disclaimer
List of Company of Profiles
List of Company of Profiles (continued)
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
The Frost & Sullivan Story
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Global Perspective
Industry Convergence
360º Research Perspective
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| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Audrey William |
| Industries | Information Technology |
| WIP Number | P91A-01-00-00-00 |
| Is Prebook | No |