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The Reserve Bank of Australia looking into developing a CBDC

News | Cryptocurrencies | 02 Nov 2020

The Reserve Bank of Australia (RBA) has announced its intentions of developing a central bank digital currency (CDBC) with the help of new partners.

Reserve Bank of Australia, RBA, CBDC, central bank digital currency, Commonwealth Bank, National Australia Bank, Perpetual, ConsenSys, Ehereum, cryptocurrency, banking, New Payments Platform

Xinja Bank chops rates for savers

News | E-invoicing, SCF & E-procurement | 12 May 2020

Australia-based Xinja Bank has announced moving the interest rate on its Stash savings account to 1.8%. 

Xinja Bank, Australia, banks, savings account, Stash, neobank, interest rate, Reserve Bank of Australia, RBA

RBA maintains 0.25 percent rates, expands repurchasing

News | Payments General | 05 May 2020

The Reserve Bank of Australia has maintained the official interest rate at 0.25%, while looking to extend repurchasing operations, as reported by afr.com.

RBA, Reserve Bank of Australia, interest rates, repurchasing, corporate bonds, collateral, credit ratings, repurchasing agreements, Australia, central bank

Australia's national payments system releases Open Banking plan

News | Online & Mobile Banking | 28 Oct 2019

The New Payments Platform (NPP) created in 2018 by the Reserve Bank of Australia has released its roadmap, with changes that will be rolled out from late 2021.

NPP, New Payments Platform, Australia, Reserve Bank of Australia, Open Banking, payments , online payments, banking, Open API, Consumer Data Right, money transfer, FX , Federal Parliament

RBA confirms completion of Australian Digital Identity framework

News | Digital Identity, Security & Online Fraud | 22 Oct 2019

Open Banking Report 2019 The Reserve Bank of Australia (RBA) has confirmed that the first version of an orchestrated framework for a new federated identity credential known as ‘TrustID’ has been completed.

Reserve Bank of Australia, RBA, Australia, digital identity, TrustID