Corporate Australia is racing to ditch legacy banking systems, as nearly two-thirds of large businesses bet real-time payments will affect their market position.
That’s the key finding from a new report by Nielsen, commissioned by Westpac Institutional Bank, which explores how large Australian organisations are preparing for the shift to real-time payments.
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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
