The Government has established a FinTech Advisory Group to assist in the formulation of policy to help Australia develop as a leading regional financial services market.It is headed by Craig Dunn, former chief executive of AMP and chair of the fintech hub Stone & Chalk.The group held its first meeting in Canberra yesterday, with the Prime Minister and the Treasurer in attendance.Prime Minister Malcolm Turnbull said at the opening of the meeting: "We're here to listen to you because we've put together an innovation and science agenda, which is all about growing the economy of the 21st century and that is based clearly on innovation."Financial services is an enormous industry, it's an enormous sector in which Australia has many competitive advantages… We want to support that."Members of the advisory group include Simon Cant, managing director of the venture capital investor Reinventure, Matt Symons, chief executive of SocietyOne and Nerida Caesar, chief executive of Veda.Other organisations represented include Commonwealth Bank, H2 Ventures, The Fold Legal, Coinjar, PayPal, tyro, Equitise and King & Wood Mallesons.SocietyOne CEO Matt Symons said the meeting was an opportunity for the participants to share their experiences and also to put forward a list of priorities for the Government to consider.According to reports, these priorities include a move a mandatory comprehensive credit reporting and changes to the tax law to facilitate venture capital investment in fintech startups.