Industries leaders express their views on Australia’s open banking regime
Australia’s open banking regime commenced yesterday, 1 July, 2019. Here’s what some of the industry leaders had to say about the launch.
Central banks should issue digital currencies of their own
Because digital money is naturally cross-border, it opens the way to new forms of currency competition, from Libra among others.
Why Australia can be an open banking leader
The concept of open banking is hardly new because some fintechs have been using account aggregation in their business models for more than a decade.
World’s central banks to create innovation hub
Central banks will aim to work together more closely through an innovation hub approved on Sunday by the Bank for International Settlements.
Challenger banks hit back at ‘delusional’ claim from fintech investors
A bold rejection of the business model of emerging digital-only banks was made by seasoned fintech investor Rajeev Gupta, partner at Alium Capital.
‘Open banking’ era dawns in Australia
Open banking is a seismic shift in retail banking driven by regulatory changes, changing consumer preferences, and technology-enabled innovation.
Fintech start-ups are now more ready to work with banks, says ANZ COO
There are now more “adequately mature” financial technology start-ups that can help banks with corporate clients, according to an executive from ANZ Bank.
Australians need banking, not banks
Banking in today’s hyper-connected world requires a customer-centric approach. Consumers want to be able to bank where they want, when they want and how they want.
