Reserve Bank of Australia set to conduct “holistic review” of retail payments regulation
The review will begin after the Australian government evaluates the Payment Systems Regulation Act 1998.
The review will begin after the Australian government evaluates the Payment Systems Regulation Act 1998.
The proposals will be introduced to the Australian parliament this year.
The selected industry players will participate in use case proposals over the coming months, the central bank says.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The RBA says the project will engage with “a wide range of industry participants”.
The bank is looking at a CBDC for “wholesale market participants”.
Australian central bank examining the market in the wake of COVID-19
The regulator’s report makes 13 recommendations for the New Payments Platform.
A quick look at four fintech firms that are worth keeping an eye on at the Sibos show.
The payments reforms in Australia are going full steam ahead.
Payments industry participants in countries about to embark on, or in the early days of, real-time and instant payments infrastructure projects should acknowledge that “it doesn’t all have to happen on day one”.
Reserve Bank of Australia (RBA), the country’s central bank, has made a decision to overhaul its core banking technology with TCS Financial Solutions’ Bancs system.
It’s difficult to avoid writing about distributed ledger technologies, so we won’t. Last month Australian Craig Wright claimed to be the elusive inventor of bitcoin, Satoshi Nakamoto. Displaying uncharacteristic scepticism, many mainstream media outlets doubted his claims. Whether it’s true or not, the story attracted great interest. Distributed ledger, blockchain (some argue the two are […]