Tag: Reserve Bank of Australia

‘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...

RBA eyes wave of digital sovereign currencies

Posted on   |  by Liam Tung
When Facebook backed the Libra cryptocurrency in 2019, governments around the world took notice. Libra still hasn’t launched, but the Facebook cryptocurrency and China’s digital Yuan pilot are prompting...

Digital ID too fragmented, RBA says

Posted on   |  by Denham Sadler
The Australian digital identity ecosystem is “fragmented and siloed”, leading to security and privacy concerns, according to Reserve Bank governor Philip Lowe. At an address to the 2019 Australian...

Big banks tapped for new growth fund

Posted on   |  by Denham Sadler
The federal government has finally got the big banks to chip into its business growth fund, which is set to launch next year with more than $500 million in...

Govt consults on $1b growth fund

Posted on   |  by Denham Sadler
The federal government has launched a whirlwind five-day consultation period for its $100 million cash injection into its business growth fund, which would provide “patient capital” to Australian SMEs....