The Australian Financial sector is the largest contributor to Australian GDP and represents the 4th largest pool of investible wealth in the world and the largest in Asia. Traditional businesses in the sector are under pressure from direct competitors and under potential threat from powerful global technology-based platforms. However, the rate of adoption of innovative Financial Technology by the Financial sector has been saliently low and has potentially serious adverse impacts on the sector, individual Australians and Australia’s country competitive advantage. Despite the sector’s importance, there is a paucity of Australian-specific research into Board decision making in the Financial sector regarding adoption of innovative technology. The purpose of this Research-in-Progress paper is to explore and establish, using a mixed methods research methodology, what are the barriers to adoption of Financial Technology by public entities in the Australian Financial sector.