Spending $5bn per annum, the Australian Financial Services Industry is one of the largest users of ICT in Australia. There are many opportunities for technology-led innovation, resulting in sector growth, profitability, investment and employment. 

• Over 30 percent of expenditure in the Financial Services industry is dedicated to ICT
• 98 percent of the Financial Services R&D spend - which totals around $2 billion annually - is in technology.
• Financial services is the fastest growing service industry in NSW with an average annual growth rate (in total factor income) of over 14% between 1995-96 and 2005-06.
• Sydney's financial services workforce is growing strongly, and is now nearly half the size of London's & 40% the size of New York City.
• NSW makes up 46 per cent of the national finance and insurance indsutry and accounts for almost five per cent of Australia's GDP.
• 41 of Australia’s 51 local and foreign owned banks are headquartered in Sydney