Digitisation has the power to improve processes, increase visibility and enhance a treasurer’s influence within a company, according to new ground-breaking research.
Shayne Elliott says legacy banks must focus on smarter interaction with clients. A blockchain-based system for proving the provenance of Australian grain shows how it can work.
Although Australian banks are introducing their own tech solutions, start-up digital players are making inroads with the help of a new government-backed incubator.
Banks have been experimenting with Ripple’s technology, which could make payments far more efficient, but a recent report questions whether it can handle larger volumes.