Tag: RBA

Banks push to end Apple’s free ride on payments system

Posted on   |  by Justin Hendry
Australia’s biggest banks want Apple and other global platforms to help foot the bill for maintaining core payments infrastructure, saying the current system gives big tech a free ride...

RBA exploring how AI can affect economy, governor says

Posted on   |  by Stella Qiu
Australia’s central bank is exploring how emerging technologies like artificial intelligence could influence the economy, with possible implications for inflation and the labour market, its governor said on Wednesday....

RBA takes another step towards digital currency

Posted on   |  by Wayne Cole
Australia’s central bank is taking another major step toward a wholesale central bank digital currency (CBDC) with a range of industry partners pursuing projects using real money and assets...

‘Innovation baton’ passes from large firms to SMEs

Posted on   |  by Brandon How
Small and medium-sized enterprises now spend more on research and development than large businesses, with the growth of local venture capital and government support helping to alleviate some financing...

Local FinTechs to lead RBA digital currency pilots

Posted on   |  by Brandon How
Local FinTechs and two of the Big Four banks have been invited by the Reserve Bank to demonstrate the potential of Central Bank Digital Currency in Australia. Each of...

Accenture to oversee ASX blockchain system review

Posted on   |  by Brandon How
The Australian Stock Exchange’s blockchain replacement for clearing system CHESS has been delayed again – for the fifth time – as the multinational tech consultants Accenture is brought in...