Australia generates its income from mining-related exports, manufacturing, telecommunications, and, notably, banking.
Ranked fifth in the 2017 Index of Economic Freedom, Australia is known for its sophisticated financial services sector and strong economy.
It’s a pivotal time for the country’s financial services sector, which is being shaped by new realities. Australia’s payments and securities market infrastructures are being revamped to meet the needs of a 24/7 digital economy. Banks are building exciting new products and services for their customers. And local accelerators, such as FinTech Australia, are supporting Australia’s drive to become one of the world’s top markets for FinTech innovation and investment.