Little need for a centrally managed digital currency in markets like Australia: RBA
What additional purpose would a centrally managed digital currency serve that electronic money from financial institutions is not already serving?
Expect open banking to be a slow burn: Minister
With open banking set to begin in 2 ½ weeks, the government is keen to ensure expectations on initial uptake are realistic.
Pandemic pushes central bank digital currencies into top gear
Coronavirus is accelerating the development of central bank digital currencies as it has prompted millions of people to turn to cashless payments.
COVID-19 supercharges bank disruption
Two-thirds of banking executives believe that technologies like artificial intelligence and machine learning will have a major impact on bank disruption.
Ping Identity releases Consumer Data Right sandbox to fast-track Open Banking adoption in Australia
Ping Identity today announced the release of its Australian Consumer Data Right sandbox environment for banks and FinTech companies.
Nium partners with Visa to offer card issuance in Australia
Nium, a global financial technology platform, has become a Visa issuer in Australia as part of its membership in Visa’s Fintech Fast Track programme.
Neobank Volt has had its public launch and IPO scuttled by Australia’s shutdown, but CEO Steve Weston says the future is ‘far brighter’ because of it
Volt had been readying itself to the public, looking to close a major offshore funding round and launch itself on the sharemarket all in the same 12 months.
NPP, BPAY and eftpos merger advances to study phase
Australia’s three payments infrastructure providers look set to be merged to benefit from a single industry-wide payments platform.
