Tag: Reserve Bank of Australia

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....

RBA calls for ID coordination

Posted on   |  by James Riley
The Reserve Bank of Australia has warned against an uncoordinated approach to digital identity, saying this would lead to “inefficiencies” and security risks. Addressing the Business Banking Summit last...

2030 plan a sad glass-half-full

Posted on   |  by James Riley
I’ve often said that Australia’s biggest obstacle to measurable success in the increasingly ruthless 21st century digital era is culture. Specifically, a cultural aversion to big ideas, global ambition...