ASIC's "innovation hub" may be reaping some early benefits, Treasurer Scott Morrison told G20 finance ministers in Germany on Friday.This hub had "assisted more than 100 entities and granted 24 new licences almost twice as fast as those that didn't engage with the hub," Morrison said.?Businesses included those in marketplace lending, crowd funding and robo-advice.Morrison also used his G20 speech to pitch the Australian government's enthusiasm for "regtech".He said "the embedded regtech capability of 'compliance by design' helps to drive down the overall cost of compliance and improve the accuracy of risk assessments and commercial activities."Regulatory settings, he said, "are also being evaluated to reduce barriers to entry and regulatory arbitrage."Sticking to established rhetoric of the Turnbull government, Morrison said it "wants fintech in Australia to grow — to grow big, to thrive and to deliver benefits for consumers and the economy."