Business
‘Finger on the pulse’: Central banks told future is digital – Sydney Morning Herald
From spending data to financial services from retail platforms, a report has found central banks such as the RBA will have to focus more on the digital world.
He said the coronavirus crisis had highlighted the importance of resilient financial infrastructure starting with central banks and their oversight of digital services.
Accentures report argues that as banks, fintechs and companies such as Amazon and Alibaba expand their digital footprints, central banks have to follow suit.
In short, central banks need to review their approach given that financial institutions are adopting new technologies, data is becoming more crucial and security threats are…
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