The cumbersome CDR legislation that will prevent Australia entering the trillion-dollar data economy
The Federal Government recently passed the Open Banking sections of the CDR legislation, providing Australians with more control over their financial data.
Xinja Bank CTO says tech, data and ethics can deliver better banking for consumers
Xinja Bank, an independent Australian neobank built from the ground up for mobile, has appointed John Pountain Chief Technology Officer.
China’s central bank says it’s close to releasing its own digital currency
China’s central bank is nearly ready to issue its own sovereign digital currency, according to a senior official at the People’s Bank of China.
RBA changes ESA Policy: will fintechs or tech giants benefit?
The ESA changes, whilst paving the way for fintechs to compete on a more even playing field, do not stipulate any restrictions on multinational tech giants
Verrency and Coinify partner to enable bank customers to spend virtual currency at any merchant over a bank’s existing payment cards
Verrency and Coinify announce partnership enabling banks to securely offer their customers the ability to use virtual currency for payments at any merchant.
NAB wants Android handsets to replace card payment terminals
NAB and point of sale provider Quest Payment Systems revealed a new trial in conjunction with Visa to turn Android handsets into mobile payment terminals.
CommBank will take on Afterpay in buy-now pay-later market
CommBank is moving with the times in a financial market where buy-now pay-later companies like Afterpay and Zip Co have gained traction with consumers.
“Immediate” need for open banking education
According to Poli Konstantinidis from Experian, “there is an immediate need for improvement in consumer education on open banking.”
