FinTech body seeks changes to APRA’s proposal to reduce market barriers to challenger banks
By James Harkness · 19 December 2017 · Locked
By James Harkness · 19 December 2017 · Locked
The Australian Government's plan to boost competition in the banking sector is being scrutinized by the fintech industry. Can FinTech Australia's submission make a difference in reducing market barriers for digital-first banks?
The Australian Government’s proposal to make it easier for digital-first challenger banks to compete against industry incumbents is could be improved, according to the peak body for fintech startups. FinTech Australia has lodged a submission with the Australian Prudential Regulation Authority (APRA) in response to its discussion paper, entitled “A phased approach to authorising new entrants to […]
Tags: APRA, Australian Prudential Regulation Authority (APRA), Bank, Banking, Digital, digital FinTech Australia, Finance, FinTech