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.
Due to a lack of pre-payment control, demand for using credit cards for procurement purposes is still very low. However, recent developments in Australia could change all that.
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.