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Open Banking & CDR | Two business models for new value

Accenture

In our last post, we talked about how it was time for banks to start looking beyond compliance in Open Banking, or as it is enacted in Australia, the Consumer Data Right (CDR), and to imagine their role in the new application programming interface (API) and open-data economy. Open Banking and CDR data offer banks….

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RBA urges business to act now on climate threats or face potential legal action

TheGuardian

In a broad-ranging speech on Wednesday, the central bank’s head of domestic markets, Jonathan Kearns, said the climate crisis was a “significant issue” for the economy and society. Effects would be “more severe” if actions were delayed. Continue reading.

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Lower income households worst hit by rising interest rates and inflation, RBA finds

TheGuardian

The RBA found that while most households and businesses were managing in the inflation-hit economy, the resilience was not uniform. Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading.

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Australia, South Africa Take On The Late Payments Fight

PYMNTS

Delayed and late B2B payments are a global issue, but this week's B2B Data Digest shines a spotlight on two markets that are elevating the fight against late invoice payments to small businesses. Five-day payment terms will be possible through Australia's new eInvoicing solution , the nation's Treasury announced recently.

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Mastercard Debuts COVID-Recovery Data Tools For Business, Gov?t

PYMNTS

Mastercard ‘s new Recovery Insights tool will attempt to help businesses and governments assess data during the pandemic in order to make smarter decisions, according to a press release. The American economy has been thrown into turmoil due to the pandemic, with millions of workers now unemployed.

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MessageXchange Launches PEPPOL-Certified eInvoicing In Australia, New Zealand

PYMNTS

MessageXchange has announced that it is the first PEPPOL-certified eInvoicing Access Point service provider in Australia and New Zealand. Earlier this year, Australia and New Zealand announced that they were both adopting the Pan-European Public Procurement On-Line (PEPPOL) interoperability framework for eInvoicing.

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InstaReM Offers Singapore SMBs Solution To Access Cash

PYMNTS

Securing loans or credit has never been easy for small and medium-sized businesses (SMBs). Dubbed BizPay, the online platform enables businesses to use their corporate cards as a funding source for supplier payments. Nium said the business arrangement will shorten the time for issuing a Visa card to just four to six weeks.

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