In line with the Australian Government’s support for innovations in technology, there has been sustained attention in the country on blockchain and several blockchain initiatives, including industry-specific trials in financial services, energy, agriculture and the public sector are now underway. There are several fintechs in the country, which have created use cases for blockchain, like managing supply chains, making cross-border payments, trading derivatives, managing assets, and managing digital currency exchanges. Similarly, in the public sector, the Government has considered blockchain application with the Australian Taxation Office (ATO) to validate the dealer history of cars in a hackathon around Luxury Car Tax compliance. The Government’s National Disability Insurance Scheme has also experimented with blockchain and the New Payments Platform to create ‘smart money that has the capability of managing insurance payouts, budgeting, and trust management.
SYSTEM FOR EXCHANGES
Likewise, the Australian Securities Exchange (ASX) has proposed a new blockchain-based system covering clearing, settlement, asset registration, and other post-trade services. Three of Australia’s 4 major banks have partnered with IBM and Scentre Group for a trial in managing bank guarantees for retail property leases on the blockchain, reducing the issuance period for a bank guarantee from up to a month to the same day.
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Mental Health & D&I: Both Problems Have Similar Solutions
The pandemic has created heightened awareness about mental health issues, while Diversity & Inclusion (D&I) issues have been steadily becoming more visible. While the problems are distinct, there is a lot in common among the solutions:
Bandhan Bank: Building a robust, granular liabilities franchise
On the occasion of its 6th Foundation Day celebrated on 23rd August, Chandra Shekhar Ghosh analyses the bank’s achievements and explains how it has earned the trust and confidence of 23 million Indians:
A platform to buy and sell anything seamlessly
BNP Paribas has a unique platform, Cortex Life, that allows traders to sell or buy everything from bullion to currencies and also do trading in currencies or commodities:
Fikar Not Says Fino's Brand Ambassador
Anand Bhatia, CMO, Fino Payments Bank shares details of the journey to appointing a brand ambassador for the bank and planning the creative and media:
Covid boosts top-up loans & balance transfers
Arvind Hali, MD & CEO, Motilal Oswal Home Finance reveals how the pandemic is affecting business and how the company is responding:
Boosting organizational and systemic resilience
Mahesh Kumar Jain, Deputy Governor, Reserve Bank of India, gave a speech titled ‘Building a More Resilient Financial System in India through Governance Improvements’ on June 18, 2021 at the India international Centre, New Delhi. Edited excerpts:
South Africa enhances safety, efficiency & access
In March 2018, the South African Reserve Bank (SARB) published the National Payment System Framework and Strategy – Vision 2025, with the overarching vision to enhance the safety, efficiency and accessibility of the national payment system in a manner that promotes competition and minimises risk to the payments ecosystem by leveraging technological developments to extend the availability of digital payments to all sectors of society while meeting domestic, regional and international requirements for the benefit of all members of South African society. Vision 2025 comprises 9 goals.
BFSI SECTOR TURNS Green
The BFSI sector is keenly adopting green policies, practices and technologies with the aim of being more sustainable and protecting the environment:
Model Insured Villages to Boost Rural Penetration
Neeraj Prakash, Managing Director, Shriram General Insurance shares the company’s strategies to tap rural markets and leverage new technologies:
Virtual surveys hasten loss assessment
Ravichandran N., CTO, at Kotak Mahindra General Insurance explains how the insurer will be leveraging advanced modelling tools in response to heatwaves and flooding:
Australia Wants Facebook Held Liable for Anonymous Comments
Australia’s prime minister described social media as a “coward’s palace” and warned that digital platforms including Facebook should be held liable for defamatory comments posted anonymously.
NUCLEAR SUBMARINE DEAL WILL RESHAPE INDO-PACIFIC RELATIONS
The U.S., Britain and Australia have announced they’re forming a new security alliance that will help equip Australia with nuclear-powered submarines. The alliance will see a reshaping of relations in the Indo-Pacific region and beyond. Here’s what it might mean for various players:
“Covid Zero” kept Australia safe, if isolated, for 18 months. Now its states are split over how to move on
IT'S ON THE MARKET
It's a famous and unIque Australian-raced Jaguar whIch Is now sellIng In the UK
Sidney – Catch the Wave
Business meets beach culture in sun-splashed Sydney.
Experiencing Island in Black&White
Scott Probst, Born in Sydney, Australia.
An Exclusive Interview With Jim Tsinganos
"When I first told my father that I wanted to be an illustrator, he just looked blankly at me and said, Are you sure you can make a living doing that? 25 years later, with many awards and work showcased and acknowledged in most illustration annuals across the globe, I'm still here, still making a living."
NOT A CROC!
Bindi plans wedding redo
AUSTRALIA PLANS TO SPEND $417M ON HYDROGEN, CARBON CAPTURE
Australia’s prime minister has proposed spending an extra 539 million Australian dollars ($417 million) on hydrogen and carbon sequestration projects, seeking to burnish his government’s green credentials ahead of a climate summit to be hosted by President Joe Biden.
Plini – Voices in The Sky
PLINI — the guy Steve Vai once called “the future of exceptional guitar playing” — discusses the perils of “guitar fame,” the challenges of a modern prog-rocker and his breathtaking new album, Impulse Voices