Capitalising on the evolving financial landscape where the Reserve Bank of Australia is preparing for legislative changes in line with the direction of a cashless economy, digital payments company Novatti Group (ASX: NOV) has reported strengthened results with both revenue growth and expense reduction. Over the past six months, Novatti has been undertaking a strategic
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Australian households are on the brink of financial turmoil as an increasing number of fixed-rate home loans expire, leaving them exposed to higher variable interest rates. With the Reserve Bank of Australia (RBA) reporting a significant spike in borrowers experiencing negative cash flows, Credit Clear (ASX: CCR) anticipates that more Australians will fall behind on
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As digital wallets users in Australia have doubled in the last three years, the need to adapt traditional banking systems around digital currency is being explored by the Reserve Bank of Australia, with a use case presented by digital payments company Novatti Group (ASX: NOV) centring around their AUDD stablecoin. The presentation by Novatti was
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Interest rates can have a significant impact on the economy and the daily lives of Australians where the interest rate is set by the Reserve Bank of Australia (RBA) which meets on the first Tuesday of every month. For investors, interest rates can have a significant impact on the sharemarket in Australia and the performance
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The Australian Reserve Bank has been aggressively increasing interest rates over the past few months—a trend that is prominent worldwide. It has led to an 8.4% decline in the country’s housing market, the worst in about four decades. People are strapped for cash, attempting to cut corners and keep within budgets. Suffice it to say,
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The Australian Securities Exchange (ASX: ASX) and its botched attempt to replace its settlements and clearing system (known as CHESS), with blockchain tech has finally faced reality and has abandoned its five year debacle, writing off millions of dollars of investment. Eventually coming to their senses, last month the ASX board released a statement that
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