Licensing & Regulatory 

Compliance

The Australian ADI and FinTech sectors have proved resilient in the face of adversity. Although CoVID-19 has caused upheaval, the fundamentals for both sectors remain sound.

Gen Advisory assists ADIs and FinTechs with licensing and regulatory compliance requirements. Our holistic approach ensures that we help ADIs and FinTechs not just to reduce risk, but also achieve value creation. 

How We Can Help

As regulation and compliance specialists, Gen Advisory provides Australian ADIs and FinTechs with end-to-end support in the following areas:

ASIC

Australian Credit License (ACL) applications

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Australian Financial Services License (AFSL) applications

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Ongoing ACL and AFSL compliance requirements

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Foreign Financial Services Providers (FFSPs) 

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Enhanced Regulatory Sandbox

AUSTRAC

AUSTRAC registration

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AUSTRAC Reporting Entity obligations

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AML-CTF Programs and Risk Assessments

ACCC

Consumer Data Right (CDR) implementation

Accredited Data Recipient (ADR) criteria

APRA

Restricted and Unrestricted ADI license applications

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Provider of Purchased Payment Facility (PPF) authorizations

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APRA Prudential Standards for ADIs

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APRA regulatory reporting

Gen Advisory is an ASIC Registered Agent. Our ASIC Registered Agent number: 45485.

At a Glance

FinTech Ecosystem in Australia

Adapted from: Fintech Australia Member Ecosystem Map