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Outlook 2023: the DC era

Head of Industry & Innovation, Transaction Banking, ANZ

2022-12-08 00:00

The development of digital currencies in Australia in 2023 has the potential to transform the way payments are made in the country.

A key pilot project run by the Reserve Bank of Australia – of which ANZ is a participant in – is likely to produce implications, and use cases, which will be very exciting for the future of the sector.

Despite the advanced nature of Australia’s payment system compared to its global peers, there are still gaps – gaps we at ANZ believe can be filled by digital currency.

The programmable nature of the technology means many processes can be automated – helping in areas such as disaster payments or super contributions, which could benefit both employee and employers. 


Of course, any adoption of new technology comes with risk. The challenge for many businesses considering this tech will be allocating appropriate resources to it. And through this process it is likely we will discover new areas where we need to think about which we had not considered before.

There is also the ongoing spectre of cybersecurity risk. At ANZ, we take great care in ensuring our customers are protected when it comes to the use any digital tools. We’re confident the digital asset technology we work with is safe and secure.

The economic and geopolitical factors that have shaped an unprecedented period for business around the world are not going anywhere soon. 

As 2023 looms, large organisations face a cocktail of influences impacting the way they do business: rapid digitisation, shifting supply chains, geopolitical uncertainty, and the ongoing impacts of the COVID-19 pandemic. 

At ANZ Institutional, we know our customers are looking to position themselves to take advantage of these forces. 

As part of our Outlook 2023 series, we’re asking our subject-matter experts to provide insights in a range of complex areas from across more than 30 markets – helping you better understand how you can prepare for the New Year. We’ll be sharing the responses with you over the coming weeks.


Hariramchakraborthy Janakiraman is Head of Industry & Innovation, Transaction Banking at ANZ institutional


Outlook 2023: the DC era
Hariramchakraborthy Janakiraman
Head of Industry & Innovation, Transaction Banking, ANZ


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