Fintech

Australia’s fintech ecosystem continues to flourish, bolstered by government initiatives promoting digital financial innovation. From startups developing cutting-edge online payment platforms to companies leveraging blockchain and AI-powered tools, the sector offers significant opportunities. However, rapid growth also brings challenges. Licensing requirements under the Australian Securities and Investments Commission Act 2001 (Cth), compliance with the Competition and Consumer Act 2010 (Cth) as amended by the Treasury Laws Amendment (Consumer Data Right) Act 2019 (Cth), and the rise of cybersecurity risks demand careful navigation.

Astris Law supports fintech startups, technology providers, and investors in addressing these complexities. The firm assists with securing Australian Financial Services Licences and Australian Credit Licences in accordance with regulatory standards. For businesses implementing Open Banking initiatives and privacy protections, guidance is provided to ensure compliance with the Competition and Consumer Act 2010 (Cth), as amended by the Treasury Laws Amendment (Consumer Data Right) Act 2019 (Cth) and to manage customer data responsibly under the Consumer Data Right framework. Additionally, Astris Law helps in developing privacy and cybersecurity policies to mitigate data breaches and cyber threats, safeguarding operations and reputation.

In the event of disputes, whether arising from regulatory breaches or conflicts with investors, Phronesis offers focused and strategic representation. By integrating a nuanced understanding of the fintech sector with its expertise in law, the firm ensures businesses can navigate legal challenges while fostering innovation responsibly.