ASIC’s Greg Medcraft says traditional bank accounts may be obsolete in a decade
Bank accounts could become unnecessary within the next decade because central banks will create digital currencies and allow customers to hold deposits directly with them, predicts Greg Medcraft, chairman of the Australian Securities and Investments Commission. The issuance by central banks of digital versions of their fiat currencies onto distributed ledgers would lead to widespread disaggregation for commercial banks, which would be forced to fight much harder to attract funding alongside market-based funds in a radical upheaval of financial markets. Banks and policy makers should be studying the ramifications for the Australian economy given central bank-issued digital currencies could start to appear globally in the next five to 10 years, […]
MYOB moves into banking services with the launch of Solo Money
MYOB have launched its embedded finance feature – Solo Money – a business transaction account in Solo by MYOB.
Frollo launches Open Banking-powered portal for mortgage brokers
Frollo launch Frollo for Brokers, a transformative online portal designed to empower brokers with easy access to verified account statements and financial data.
BGL receives 22nd Australian Achiever Award for outstanding customer service
BGL Corporate Solutions have again been recognised with an Australian Achiever Award for outstanding customer service.
Upcover and Lawpath partner to streamline legal and insurance services for Australian SMEs
Upcover and Lawpath partner to offer an integrated solution simplifying legal and insurance needs for small businesses and startups.
ANNA Money and Shaype partner to launch Australia’s first AI-powered finance “super app” for businesses
ANNA Money has teamed up with Shaype to launch Australia’s first all-in-one business finance “super app”.
MOGOPLUS’ AI position is strengthened with Google Cloud partnership as lending insight partner-of-choice
Every Open Banking participant in possession of a valid accreditation is in search of an ‘Insights-As-A-Service’ provider.
MOGOPLUS readies for A.I. push with Google Cloud Partnership and key Fintech industry hire
MOGOPLUS has strengthened its commercial team with the appointment of Ben ‘Fintech’ Ford as Growth Consultant.