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RBA Glossary definition for fintech

fintech – financial technology

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The New Payments Platform and Fast Settlement Service

20 Sep 2018 Bulletin – September 2018
Alexandra Rush and Riaan Louw
A significant advance in the Australian payments system occurred in February 2018 with the public launch of the New Payments Platform (NPP).
https://www.rba.gov.au/publications/bulletin/2018/sep/the-new-payments-platform-and-fast-settlement-service.html

The Effect of Least-cost Routing on Merchant Payment Costs

18 Apr 2024 Bulletin – April 2024
Boston Dobie and Benjamin Watson
The RBA supports all merchants being able to choose the card network used to process debit transactions – a functionality known as least-cost routing (LCR) – with the aim of increasing competition and reducing the cost of accepting card payments.
https://www.rba.gov.au/publications/bulletin/2024/apr/the-effect-of-least-cost-routing-on-merchant-payment-costs.html

Introduction | Submission to the Productivity Commission Inquiry – September 2017 | Financial Sector | Submissions

6 Sep 2017 Submissions
Financial technology (fintech) providers have the potential to increase competition in a variety of ways, including by competing directly in under-served markets, facilitating greater transparency and reducing the cost of ... However, at this stage
https://www.rba.gov.au/publications/submissions/financial-sector/competition-in-the-financial-system/introduction.html

Developments in Correspondent Banking in the South Pacific

21 Jun 2018 Bulletin – June 2018
Lindsay Boulton and Brett Winton
Innovative solutions do not necessarily have to come from technology start-ups and Fintech companies; the traditional players also have a role.
https://www.rba.gov.au/publications/bulletin/2018/jun/developments-in-correspondent-banking-in-the-south-pacific.html

Retail Central Bank Digital Currency: Design Considerations, Rationales and Implications

17 Sep 2020 Bulletin – September 2020
Tony Richards, Chris Thompson and Cameron Dark
There has recently been increasing international focus on the possible issuance of central bank digital currencies (CBDC), or what might be considered a digital equivalent of banknotes.
https://www.rba.gov.au/publications/bulletin/2020/sep/retail-central-bank-digital-currency-design-considerations-rationales-and-implications.html

Competition in the Payments System | Submission to the Productivity Commission Inquiry – September 2017 | Financial Sector | Submissions

6 Sep 2017 Submissions
Fintech firms, for example, could develop services that provide personalised product comparisons, facilitate account switching, or allow customers to securely make online payments direct from their bank account as an alternative ... Despite these
https://www.rba.gov.au/publications/submissions/financial-sector/competition-in-the-financial-system/competition-in-the-payments-system.html