Flash Forward

Thoughts about the future of finance and foreign currency transfer.

Bank executive takes over as new chief of the Digital Transformation Agency

By Sophie Green on

Gavin Slater, former NAB executive, will be the new chief executive of the Australian government’s Digital Transformation Agency. In a statement the Assistant Minister for Digital Transformation Angus Taylor said Slater had a proven track record in driving transformation more »

Tagged in: digital currency, ripple, technology, compliance, australia, finance

ASIC’s Greg Medcraft lashes bank ‘oligopoly’

By Nicolas Steiger on

Chairman of the corporate watchdog Greg Medcraft lashed out at the banking “oligopoly” for chipping away at customer trust with sector-wide interest rate hikes out-of-cycle with the Reserve Bank of Australia. “I think every time you do an out-of-cycle increase more »

Tagged in: finance, regulation, australia, international money transfers, currency conversion, compliance

5 Customer Engagement Best Practices

By Sophie Green on

We can find a hundred articles a day online today about “customer engagement” but to me, a good deal of it sounds like lip service – slick advice about how to appear deeply interested in and connected to your customer, and more »

Tagged in: finance, regulation, compliance, digital currency, innovation, trading

Ripple Supports Efforts to Drive Thoughtful Regulation

By Michael on

Innovation in banking often results from the convergence of three key domains: financial services, technology, and regulations. The regulatory framework is a crucial aspect of innovation. When crafted in a balanced, proactive way, regulations can directly drive positive innovation and more »

Tagged in: ripple, innovation, regulation, digital currency, technology, compliance

US Treasury's Mnuchin tells IMF to monitor currencies

By Tim Strube on

US Treasury Secretary Steven Mnuchin called on the International Monetary Fund to provide "candid analysis" of exchange-rate policies in member countries. Mnuchin spoke by phone with IMF Managing Director Christine Lagarde in what was among the first contacts more »

Tagged in: global payments, currency conversion, compliance, imports, exports, exchange rates

CBA and NAB admit impropriety in foreign exchange trading

By Tim Strube on

The Age writes "Commonwealth Bank and the National Australia Bank have entered into enforceable undertakings with ASIC after foreign exchange traders were revealed to have front run orders on personal accounts and triggered client stop-loss orders. "The extraordinary more »

Tagged in: banking, regulation, compliance, overseas finance, digital currency, ripple

Banks behaving badly are losing trust

By Tim Strube on

Banks behaving badly are back in the headlines. Yesterday, the ACCC filed action against Macquarie and ANZ for attempted cartel behaviour on the foreign exchange market in Singapore. Australia's number one investment bank Macquarie Group and top corporate lender Australia more »

Tagged in: remittances, digital currency, currency conversion, banking, compliance

Guy Debelle's mission to clean up world's biggest market

By Tim Strube on

Everyone in the foreign exchange markets knew the code. "A large Asian central bank is buying," meant intervention by the People's Bank of China. "A big Australian mining company wants $500," was an order by BHP more »

Tagged in: currency conversion, exchange rates, banking, compliance