Australia Regtech Market Size, Share, Growth Analysis Report and Forecast Trends (2025-2034)

Key Market Trends and Insights

• The Australian Capital Territory dominated the market in 2024 and is projected to grow at a CAGR of 23% over the forecast period.
• By deployment type, cloud based is expected to grow at a CAGR of (NUMBER) over the forecast period.
• By organization size, small and medium enterprises category is projected to witness a CAGR of 22.1% over the forecast period.

Market Size & Forecast

• Market Size in 2024: AUD 517.58 million
• Projected Market Size in 2034: AUD 3340.78 million
• CAGR from 2025 to 2034: 20.50%
• Fastest-Growing Regional Market: Australian Capital Territory

As scams and fraudulent transactions are on the rise, Australia’s financial sector is rapidly adopting technology-led safeguards that enhance transparency, identity verification, and transaction monitoring. Reflecting this momentum, in July 2025, major Australian banks including Westpac and HSBC began rolling out the Confirmation of Payee (CoP) service, a nationwide name-matching initiative under the Scam-Safe Accord, a USD 100 million industry-wide commitment to combat payment fraud. This development is pushing financial institutions to integrate RegTech solutions for real-time verification and anomaly detection.

Complementing this, the national regulator AUSTRAC has taken an active role in fostering innovation through events like the RegTech Symposium held in November 2023, which emphasized collaborative approaches to improve transaction monitoring and AML/CTF compliance across sectors. Together, these initiatives underline how coordinated regulatory and industry efforts are accelerating RegTech adoption and shaping a safer, more transparent financial ecosystem in Australia.

Recent Developments

May 2025

KordaMentha partnered with LAB Group to streamline digital onboarding and compliance workflows across Australian financial institutions. The partnership aims to enhance real-time data verification and strengthen AML and KYC compliance frameworks.

March 2025

CherryHub entered a partnership with Ebet to co-develop RegTech tools focused on digital identity verification and responsible gaming. The initiative reflects Australia’s growing integration of compliance technology within entertainment and gaming sectors.

November 2024

IXUP Limited completed the acquisition of BetStop, Australia’s national self-exclusion register, to expand its RegTech and secure data collaboration capabilities. This move strengthens IXUP’s position in responsible gambling compliance solutions.

April 2024

Regnology announced the acquisition of Vermeg’s AGILE regulatory reporting platform to expand its end-to-end compliance and data management capabilities. The acquisition boosts Regnology’s presence in the Asia-Pacific RegTech ecosystem.

Key Drivers and Trends

Industry-wide anti-scam infrastructure fuels regtech demand

The market growth is driven by the increasing need for industry-wide collaboration to combat sophisticated digital scams. Australian banks are investing heavily in shared fraud prevention infrastructure to rebuild consumer trust in online payments. In November 2023, the Australian Banking Association (ABA) launched the Scam-Safe Accord, a USD 100 million investment to roll out a Confirmation-of-Payee system and boost cross-bank intelligence sharing. This initiative directly accelerates the adoption of RegTech tools for verification, monitoring, and scam analytics across financial institutions.

AI-driven fraud detection by banks expands regtech integration

The shift toward AI-enabled fraud detection is creating new synergies between banks and RegTech solution providers. With consumers demanding proactive protection against scams, leading banks are building advanced systems to detect suspicious activity in real time. In April 2024, ANZ Bank introduced an AI-powered Scam Scoring model and upgraded its fraud analytics platform to identify mule accounts faster. Such initiatives heighten the need for data orchestration, identity-matching, and AML solutions from RegTech vendors to support seamless integration and compliance.

Payment-rail enhancements accelerate regtech adoption

Growing consumer reliance on instant digital payments has heightened expectations for secure transaction validation. To meet these demands, Australian banks are embedding real-time verification technologies into their payment ecosystems. In July 2025, major banks, including Westpac and ANZ, began deploying the Confirmation of Payee (CoP) feature to verify recipient details before transfers. This system requires RegTech integration for API-based matching and monitoring, propelling the market for fraud analytics and transaction-security platforms.

Strategic partnerships broaden regtech’s reach into compliance domains

As organisations face rising scrutiny over workforce and payroll compliance, RegTech is extending beyond traditional finance applications. Aiming to meet this demand, Yellow Canary entered a strategic partnership with The Access Group in October 2025 to co-develop an automated payroll-compliance audit platform for Australian SMEs. By integrating payroll data analytics with AI-powered audit tools, the collaboration highlights how partnerships are expanding RegTech’s relevance across HR and employment compliance ecosystems.

Investments empower regtech firms to scale and innovate

As demand for real-time compliance and reporting intensifies, RegTech startups are securing funding to scale operations and accelerate innovation. In November 2024, Identitii Limited (ASX: ID8) raised AUD 1.8 million through a placement to advance its compliance-data platform and pursue global partnerships. Such investments enhance the firm’s ability to deliver next-generation AML, reporting, and payment transparency tools, underscoring how capital inflows are fueling RegTech growth in Australia.

Australia Regtech Market Share

By deployment type, the on-premises category witness steady growth

Large financial institutions prefer on-premises RegTech solutions for greater control over data residency, legacy systems, and integration with internal frameworks. Strict compliance and governance requirements reinforce this preference. In June 2024, Ventia adopted a GenAI-powered RegTech solution to streamline internal compliance management across its 35,000-employee network. This illustrates how large organisations continue to rely on in-house systems to ensure data protection, transparency, and regulatory precision.

Cloud-based RegTech adoption is accelerating among fintechs and smaller institutions seeking scalability, agility, and cost-efficiency. Cloud models support real-time compliance automation and faster deployment cycles. In May 2025, LAB Group partnered with Whiteoak to launch a SaaS-based digital onboarding and CLM platform for fund investors. This demonstrates how cloud-native innovation is driving next-generation compliance capabilities across Australia’s expanding financial ecosystem.

By organization size, large enterprises accounts for a notable growth

Large enterprises are increasingly deploying sophisticated RegTech ecosystems to manage global compliance, data governance, and regulatory reporting at scale. These firms prefer enterprise-grade platforms capable of handling complex workflows and high-volume data. For example, in May 2023, Great Southern Bank partnered with Reg360 and ElysianNXT to implement a cloud-based Capital and Credit Risk Reporting solution tailored for large banking operations. This demonstrates how scale and regulatory complexity drive enterprise-level RegTech adoption.

SMEs are rapidly adopting RegTech tools to manage compliance and operational risk more efficiently, driven by limited internal resources and increasing regulatory scrutiny. Many turn to agile, cloud-based solutions tailored to smaller institutions. In February 2024, First AML launched its AI-powered Customer Due Diligence (CDD) platform in Australia to help small firms streamline onboarding and verification processes. This underscores how innovation in accessible, scalable products is empowering SME compliance transformation.

By application, regulatory reporting to take up significant market share

Regulatory reporting platforms are gaining traction as organisations face greater volume, complexity and speed of data-submissions. Vendors are enhancing cloud-native architectures to provide real-time, audit-ready workflows. For example, in March 2024, the startup Nuj raised funding to expand its data-platform for superannuation fund reporting in Australia. This illustrates how reporting-automation tools are becoming critical for regulated entities challenged by evolving disclosure demands.

As regulations proliferate across jurisdictions, firms are investing in regulatory intelligence solutions to track and interpret change. These tools convert raw regulatory updates into actionable alerts, enabling faster compliance responses. For example, in April 2025, CUBE launched its AI-driven “RegPlatform™” automated regulatory intelligence engine, supporting law-mapping across multiple languages and systems. This shows how intelligence-led RegTech tools are helping organisations stay ahead of shifting regulatory landscapes.

Australia Regtech Market Regional Analysis

By region, New South Wales continues to register remarkable market growth

New South Wales remains the epicentre of Australia’s RegTech innovation, driven by strong financial infrastructure and tech partnerships. In July 2024, LAB Group partnered with Ord Minnett to launch an advanced client onboarding platform. This collaboration encourages regional vendors to enhance interoperability, expand RegTech exports, and reinforce Sydney’s position as a digital compliance powerhouse attracting cross-border technology investments.

Victoria’s expanding startup ecosystem is shaping a new frontier for RegTech evolution. The sector’s value surpassed AUD 132 billion in 2024, according to DJSiR Victoria. This surge in entrepreneurial activity drives firms to innovate in AI-led compliance tools, collaborate with fintech incubators, and scale regionally focused RegTech products, positioning Melbourne as a strategic launchpad for Asia-Pacific digital governance solutions.

Competitive Landscape

Australian RegTech providers are intensifying efforts to enhance automation, cloud integration, and AI-led compliance capabilities. Their strategies centre on building agile, scalable platforms that simplify regulatory reporting, streamline client onboarding, and minimise human error. Companies are also investing heavily in cybersecurity and data governance, ensuring solutions remain resilient amid evolving regulatory frameworks and rising digital risk exposure.

Product innovation in the market is increasingly focused on predictive analytics, machine learning, and API-driven connectivity. Firms are adopting modular product architectures to allow seamless integration with financial institutions’ existing systems. By embedding regulatory intelligence and real-time monitoring into their solutions, market players aim to deliver faster, more accurate, and cost-efficient compliance outcomes that strengthen institutional accountability and market competitiveness.

IBM Corp.

IBM is a global technology leader offering hybrid cloud, AI, and quantum computing solutions. Its portfolio includes IBM Cloud, Watsonx AI, and security platforms serving clients worldwide. IBM holds certifications such as ISO 27001 and SOC2, ensuring data security and compliance.

Australian FinTech Pty Ltd.

Australian FinTech Pty Ltd. operates as a prominent media and networking platform supporting the country’s financial technology ecosystem. It connects startups, investors, and institutions while providing market insights. The company adheres to industry compliance and operational standards.

Oracle Corporation

Oracle is a multinational enterprise tech company providing cloud infrastructure, autonomous databases, and business applications. It serves clients in over 150 countries across various sectors. Oracle maintains certifications including ISO 27001 and SOC reports for security and compliance.

SAP SE

SAP SE delivers enterprise software solutions like S/4HANA for business process automation and analytics. It operates globally, partnering with large organizations for digital transformation. Certifications include ISO/IEC 27001, ISO 9001, and SOC 1/2 compliance.

Other player in the Australia regtech market include LexisNexis, among others.

Key Highlights of the Australia RegTech Market Report

• Provides detailed insights into the market’s historical performance and accurate forecasts through 2034, enabling stakeholders to assess evolving regulatory and digital transformation trends.
• Highlights major product innovations, partnerships, and technological advancements reshaping compliance automation and risk management in Australia’s financial ecosystem.
• Features an in-depth competitive landscape, profiling leading domestic and global RegTech providers, along with their strategic developments, mergers, and expansions.
• Delivers a comprehensive regional analysis, identifying growth hotspots across states such as New South Wales, Victoria, and Queensland driven by fintech adoption and institutional digitization.
• Presents an investment-focused outlook, supported by verified data on funding activities, acquisitions, and emerging RegTech opportunities within banking, insurance, and government sectors.

Why Choose Expert Market Research?

• Trusted insights backed by extensive primary and secondary research, ensuring reliability and accuracy.
• Actionable data that enables strategic decision-making for investors, policymakers, and technology providers.
• Comprehensive region-wise and product-specific analysis, offering a 360° view of the evolving RegTech landscape in Australia.

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