The Finance sector's operating environment was previously characterised by record-low interest rates. Nonetheless, high inflation prompted the Reserve Bank of Australia (RBA) to hike the cash rate from May 2022 onwards. This shift allowed financial institutions to impose higher loan charges, propelling their revenue. Banks raised interest rates quicker than funding costs in the first half of 2022-23, boosting net interest margins. However, sophisticated competition and digital disruption have reshaped the sector and nibbled at the Big Four's dominance, weighing on ADIs' performance. In the first half of 2025, the fierce competition has forced ADIs to trim lending rates even ahead of RBA moves to protect their slice of the mortgage market. Higher cash rates initially widened net interest margins, but the expiry of cheap TFF funding and a fierce mortgage war are now compressing spreads, weighing on ADIs' profitability. Although ANZ's 2024 Suncorp Bank takeover highlights some consolidation, the real contest is unfolding in tech. Larger financial institutions are combatting intensified competition from neobanks and fintechs by upscaling their technology investments, strengthening their strategic partnerships with cloud providers and technology consulting firms and augmenting their digital offerings. Notable examples include the launch of ANZ Plus by ANZ and Commonwealth Bank's Unloan. Meanwhile, investor demand for rental properties, elevated residential housing prices and sizable state-infrastructure pipelines have continued to underpin loan growth, offsetting the drag from weaker mortgage affordability and volatile business sentiment. Overall, subdivision revenue is expected to rise at an annualised 8.3% over the five years through 2024-25, to $524.6 billion. This growth trajectory includes an estimated 4.8% decline in 2024-25 driven by rate cuts in 2025, which will weigh on income from interest-bearing assets. The Big Four banks will double down on technology investments and partnerships to counter threats from fintech startups and neobanks. As cybersecurity risks and APRA regulations evolve, financial institutions will gear up to strengthen their focus on shielding sensitive customer data and preserving trust, lifting compliance and operational costs. In the face of fierce competition, evolving regulations and shifting customer preferences, consolidation through M&As is poised to be a viable trend for survival and growth, especially among smaller financial institutions like credit unions. While rate cuts will challenge profitability within the sector, expansionary economic policies are poised to stimulate business and mortgage lending activity, presenting opportunities for strategic growth in a dynamic market. These trends are why Finance subdivision revenue is forecast to rise by an annualised 1.1% over the five years through the end of 2029-30, to $554.9 billion

The average for 2021 based on 4 countries was 0.361 index points. The highest value was in Australia: 0.869 index points and the lowest value was in Fiji: 0.002 index points. The indicator is available from 1980 to 2021. Below is a chart for all countries where data are available.

Australia's main stock market index, the ASX200, fell to 8762 points on September 18, 2025, losing 0.64% from the previous session. Over the past month, the index has declined 1.51%, though it remains 6.96% higher than a year ago, according to trading on a contract for difference (CFD) that tracks this benchmark index from Australia. Australia Stock Market Index - values, historical data, forecasts and news - updated on September of 2025.

Australia: Financial markets development, depth: The latest value from 2021 is 0.92 index points, a decline from 0.972 index points in 2020. In comparison, the world average is 0.255 index points, based on data from 157 countries. Historically, the average for Australia from 1980 to 2021 is 0.612 index points. The minimum value, 0.067 index points, was reached in 1982 while the maximum of 0.98 index points was recorded in 2016.

Graph and download economic data for Financial Market: Share Prices for Australia (SPASTT01AUM661N) from Jan 1958 to Aug 2025 about Australia and stock market.

Graph and download economic data for Financial Market: Share Prices for Australia (SPASTT01AUQ661N) from Q1 1958 to Q2 2025 about Australia and stock market.

In 2024, the total assets of authorized deposit taking institutions in Australia amounted to approximately 5.3 trillion Australian dollars. In that year, the financial assets of Australia's central bank totaled around 410 billion Australian dollars.

The Australian Fintech market, valued at $4.11 billion in 2025, is experiencing robust growth, projected to expand at a Compound Annual Growth Rate (CAGR) of 10.32% from 2025 to 2033. This expansion is fueled by several key drivers. The increasing adoption of smartphones and internet penetration across Australia has created a fertile ground for digital financial services. Furthermore, a young and tech-savvy population readily embraces innovative payment solutions, investment platforms, and lending options offered by Fintech companies. Government initiatives promoting digitalization and financial inclusion are also contributing to market growth. Strong competition among established players like Afterpay Touch, Judo Bank, and Wise, alongside the emergence of numerous startups, fosters innovation and drives down costs for consumers. However, regulatory hurdles, data security concerns, and the need for robust cybersecurity measures pose challenges to the market's continued expansion. The market is segmented into various service propositions, including money transfer and payments (the largest segment, likely driven by Afterpay and similar services), savings and investments (growing due to increased accessibility through apps), digital lending and lending marketplaces (facilitated by companies like Athena Mortgage), online insurance and insurance marketplaces, and other niche services. The competitive landscape is dynamic, with both established financial institutions and disruptive Fintech firms vying for market share. Future growth will likely be driven by further integration of open banking technologies, personalized financial management tools, and advancements in artificial intelligence and machine learning within financial services. The projected market size for 2033 can be estimated based on the provided CAGR. Using a compound interest calculation, the market is expected to exceed $11 billion by 2033. This signifies a significant opportunity for both established players and new entrants. However, sustained growth necessitates a focus on addressing regulatory challenges, enhancing cybersecurity infrastructure, and maintaining consumer trust. The continued adoption of innovative technologies and the expansion of financial literacy programs will further contribute to shaping the future of the Australian Fintech landscape. This comprehensive report provides an in-depth analysis of the burgeoning Australia Fintech market, covering the period 2019-2033. With a base year of 2025 and an estimated year of 2025, this report offers invaluable insights into market trends, growth drivers, challenges, and key players shaping the future of financial technology in Australia. The report utilizes data from the historical period (2019-2024) and forecasts market performance until 2033, presenting a robust understanding of this dynamic sector valued in the billions. Key Search Terms: Australia Fintech Market, Australian Fintech, Fintech Australia, Digital Lending Australia, Online Payments Australia, Fintech Investment Australia, Australian Fintech Regulations, Fintech Market Size Australia, Fintech Trends Australia Recent developments include: March 2023: Financial platform Airwallex secured a payment business license in China, following the successful acquisition of a 100% stake in Guangzhou Shang Wu Tong Network Technology Co., Ltd., an information and online payment services company., February 2023: Fintech Zeller took on the big four banks to offer financial services to the small business sector, launching a new transaction account, debit card, and app.. Notable trends are: Digital ID Framework Witnessing Growth in Australia Fintech Market.

Australia Assets: Stock: Money Market Financial Investment Funds: One Name Paper Issued data was reported at 15,479.000 AUD mn in Dec 2024. This records a decrease from the previous number of 17,542.000 AUD mn for Sep 2024. Australia Assets: Stock: Money Market Financial Investment Funds: One Name Paper Issued data is updated quarterly, averaging 19,612.000 AUD mn from Jun 1988 (Median) to Dec 2024, with 147 observations. The data reached an all-time high of 42,735.000 AUD mn in Sep 2008 and a record low of 473.000 AUD mn in Jun 1988. Australia Assets: Stock: Money Market Financial Investment Funds: One Name Paper Issued data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.AB028: SNA08: SESCA08: Funds by Sector: Financial Corporations: Money Market Financial Investment Funds: Stock.

The Custody, Trustee and Stock Exchange Services has experienced dynamic shifts driven by globalisation, digital revolution and market volatility over the past few years. Although the number of stock market trades has climbed, investors and superannuation funds have gravitated towards international markets to diversify their portfolios over the past few years, slowing revenue growth for domestic stock exchanges and share registry services. Despite the trend, Guzman and Gomez's recent IPO, the largest on the ASX in three years - could signal a potential revival in domestic stock exchange interest. Competition within the industry has heightened over the past few years. The payment space has experienced fierce competition, but the growing digital payments and online shopping segments have propelled credit card usage. Despite the booming popularity of alternative payment methods like buy now pay later (BNPL), credit card providers have boosted their appeal through attractive loyalty and reward programs, spurring industry growth. The inherently volatile financial markets and consumer sentiment heavily influence services like stock exchanges share registries and credit card administration. Incidents like the pandemic have adversely impacted service providers' performance in the two years through 2020-21. However, despite market fluctuations, the industry's wide range of services has helped moderate revenue volatility. Therefore, revenue has risen at an annualised 0.7% to $13.0 billion over the five years through 2024-25, including a revenue uptick of 0.5% in the current year. The industry is on track to recover over the next few years. Consumer sentiment and business confidence are set to rise, encouraging more clients to seek out custody, trustee and stock exchange services. Anticipated growth of the All Ordinaries Index, the value of funds under management (FUM) and superannuation funds' assets under management (AUM) will fuel industry expansion. However, digitalisation in the financial services sector will introduce new entrants, creating a challenging environment for traditional service providers and placing downward pressure on profitability. Revenue is forecast to rise at an annualised 1.9% to $14.3 billion over the five years through 2029-39.

The Australia financial services market reached USD 12581.00 Billion in 2024. The market is expected to grow at a CAGR of 6.03% between 2025 and 2034, reaching USD 22594.50 Billion by 2034.

Update July 2024

From 1 July 2024, the dataset will no longer publicly distinguish between relevant qualifications or training courses or approved qualifications or training courses.

Update March 2024

From 1 March 2024, the dataset will be updated to include 5 new fields and 1 existing field will also be updated (see help file for details).

Update August 2023

From 24 August 2023, the dataset will be updated to include 1 new field, ABLE_TO_PROVIDE_TFAS, (see help file for details).

Update April 2022

We have replaced the .xlsx file resources for all our datasets. This was required due to the API and web page search functionality no longer being supported for .xlsx files on the Data.Gov platform.

Update January 2022

From 10 January 2022, the field ADV_FASEA _APPROVED_QUAL will be renamed to ADV_APPROVED_QUAL.

Update November 2019 - additional fields

From 21 November 2019, the dataset will be updated to include 7 new fields (see help file for details)

These fields are included in conjunction with the professional standards reforms for financial advisers. More information can be found on the ASIC website https://asic.gov.au/regulatory-resources/financial-services/professional-standards-for-financial-advisers-reforms/.

Note: For most advisers the new fields will be unpopulated on 21 November 2019. As advisers provide this data to ASIC it will appear in the dataset.

Dataset summary

ASIC is Australia’s corporate, markets and financial services regulator. ASIC contributes to Australia’s economic reputation and wellbeing by ensuring that Australia’s financial markets are fair and transparent, supported by confident and informed investors and consumers.

Australian Financial Services Licensees are required to keep the details of their financial advisers up to date on ASIC's Financial Advisers Register. Information contained in the register is made available to the public to search via ASIC's Moneysmart website.

Select data from the Financial Advisers Register will be uploaded each week to www.data.gov.au. The data made available will be a snapshot of the register at a point in time. Legislation prescribes the type of information ASIC is allowed to disclose to the public.

The information included in the downloadable dataset is:

• Adviser name
• Adviser number
• Adviser role
• Adviser sub type
• Adviser role status
• Adviser ABN
• Year first provided advice
• Licence name
• Licence number
• Licence ABN
• Licence controlled by
• Adviser start date
• Adviser end date
• Overall registration status
• Registration status under financial licence
• Registration start date under financial licence
• Registration end date under financial licence
• Adviser CPD failure year
• Adviser principal business address suburb
• Adviser principal business address State/Territory
• Adviser principal business address postcode
• Adviser principal business address Country
• Appointing representative name
• Appointing representative number
• Appointing representative ABN
• Disciplinary action start date
• Disciplinary action end date
• Disciplinary action type
• Disciplinary action description (Financial Services and Credit Panel (FSCP) decision)
• Product authorisations (for a full list see the Financial Adviser Register – Help File)
• Ability to provide tax financial advice
• Qualifications and Training
• Memberships
• Further restrictions

Additional information about financial advisers can be found via ASIC's website. Accessing some information may attract a fee.

More information about searching ASIC's registers.

In 2024, the total liabilities of authorized deposit taking institutions in Australia amounted to approximately 5.5 trillion Australian dollars. In that year, the financial liabilities of Australia's central bank totaled around 413 billion Australian dollars.

Private credit by deposit money banks and other financial institutions to GDP (%) in Australia was reported at 143 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Australia - Private credit by deposit money banks and other financial institutions to GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

The S&P/ASX Small Ordinaries index saw a price return of ******** Australian dollars in July 2023. Due to the financial effects of the global coronavirus (COVID-19) pandemic, the price return for the index decreased significantly between the end of February and the end of March 2020.

ASX index performance affected by the coronavirus pandemic

The S&P/ASX Small Ordinaries index is a key benchmark for small-cap Australian companies. The index measures companies included in the S&P/ASX 300 but not in the S&P/ASX 100. In comparison, the S&P/ASX 200 index measures the performance of the *** largest companies listed on the ASX. Due to the financial effects of the global coronavirus pandemic, it lost more than one-fifth of its value between the end of February and the end of March 2020. Since then, it has improved and surpassed its pre-corona level with its value peaking around *** thousand index points in August 2021.

Financial markets in Australia

Financial markets in Australia are an integral part of the country's economy. The Australian Securities Exchange (ASX) is the country's primary stock exchange and, as of December 2022, it had a domestic market capitalization of approximately **** trillion Australian dollars. As of April 2023, the largest company listed on the ASX was BHP Group Limited, with a total market capitalization of over *** billion Australian dollars. The financial sector dominated the list of the largest Australian domestic companies, with **** of the top 10 companies being either retail or investment banking groups. Overall, financial markets in Australia are diverse, and robust, attracting both local and international investors.

During the firs quarter of 2025, the average daily trade value on the Australian equity market amounted to 8.5 billion Australian dollars. The Australian Stock Exchange (ASX) has experienced significant growth and volatility in recent years, with daily trading values reaching unprecedented levels. In the first quarter of 2020, the average value of daily trades surged to over *** billion Australian dollars, a substantial increase from the previous quarter's *** billion. This spike, likely triggered by the economic impact of the COVID-19 pandemic, marked a turning point in market activity that persisted well beyond the initial shock.

Update January 2022 - access changes to dataset

API access is currently unavailable for the XLSX file. To access this file you will need to download it or use API through the CSV resource.

ASIC is Australia’s corporate, markets and financial services regulator. ASIC contributes to Australia’s economic reputation and well being by ensuring that Australia's financial markets are fair and transparent, and supported by confident and informed investors and consumers.

Australian Financial Services Licensees are required to maintain their details on ASIC's registers. Information contained on the Australian Financial Services Licensee Register is made available to the public to search via the ASIC Connect website.

Selected data from the register will be uploaded each month to www.data.gov.au. The data made available will be a snapshot of the register at a point in time. Legislation prescribes the type of information ASIC is allowed to disclose to the public.

The information in the downloadable dataset includes:

• Register Name
• AFS licence number
• AFS licensee name
• ABN/ACN/ARBN (if applicable)
• Date licence was issued
• Pre-FSR role and Pre-FSR licence number (if applicable
• Principal business locality
• Principal business postcode
• Principal business state/territory
• Principal business address Country
• Latitude coordinates
• Longitude coordinates
• Licence conditions

Additional information about Australian Financial Services Licensees can be found via ASIC's website. To view some information you may be charged a fee.

More information about searching ASIC's registers.

Stock market return (%, year-on-year) in Australia was reported at 19.3 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Australia - Stock market return (%, year-on-year) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Graph and download economic data for Financial Market: Real Effective Exchange Rates: CPI Based for Australia (CCRETT01AUM661N) from Jan 1972 to Jun 2025 about Australia, exchange rate, currency, CPI, manufacturing, real, rate, price index, indexes, and price.

Update October 2018 - frequency change to Business Names dataset ### From 31 October 2018, the Business Names dataset will be updated weekly every Wednesday. *** ###Dataset summary### ASIC is Australia’s corporate, markets and financial services regulator. ASIC contributes to Australia’s economic reputation and wellbeing by ensuring that Australia’s financial markets are fair and transparent, supported by confident and informed investors and consumers. Australian business names are required to keep their details up to date on ASIC's Business Name Register. Information contained in the register is made available to the public to search via ASIC's website. Select data from the ASIC's Business Name Register will be uploaded each month to www.data.gov.au. The data made available will be a snapshot of the register at a point in time. Legislation prescribes the type of information ASIC is allowed to disclose to the public. The information included in the downloadable dataset is: * Business Name * Status * Date of Registration * Date of Cancellation * Renewal Date * Former State Number (where applicable) * Previous State of Registration * Australian Business Number (ABN) Additional information about companies can be found via ASIC's website. Accessing some information may attract a fee. More information about searching ASIC's registers.