Banks urged to collaborate with start-ups

By Joe Kelly · 4 August 2014 · Economy

Full details: Banks urged to collaborate with start-ups

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Summary

The man in charge of the government’s financial system inquiry, David Murray, has warned that accommodating technological advancements that lift productivity and drive competition will prove a key future challenge. New innovation, particularly in the payments system, is disrupting the banking sector with emerging payment providers like PayPal and Google now competing with traditional institutions. […]

Tags: Big Four, David Murray, financial system inquiry, Start Ups