Macro Trends, page-316

It difficult to comprehend without watching all of the speeches involving Kevin Rudd, Senator Jane Hume, reading FinTech Australia website blogs and all of ASIC’s media releases as well as their panel discussions which recently discussed RegTech. What ISX is beyond anything ASIC can understand. Honestly, the only reason they are making an effort to help out FinTech companies is because of the advances China has made. Plus FinTechs can become extremely powerful companies if you don’t intervene and place a leash on them. ISX will be one of ASIC’s companies they will seek ongoing consultations and discussions with. If the UK can do, why would we put ourselves in a position to fall behind. And honestly, who else in Australia has coding and tech as advanced as ISX. I really don’t think ASIC has the time to wait for a FinTech start up to scale up over 2-3 years and then ask them questions. Easier to just go to the Aussie company that is years ahead.