Fintech payments innovation in China and Australia - Divergence or convergence?
May 27 2019
The Australia-China Relations Institute (ACRI) at the University of Technology Sydney (UTS) will launch a new report, ‘Digital payments innovation in China and Australia – spill overs, convergences and opportunities’, by Dr Luke Deer from the University of Sydney Business School.
Dr Deer’s report for ACRI examines the patterns of digital payments innovation in China and Australia as well as their increasing integration in the Australia-China context. It details the scale and drivers of recent mobile-centric payments innovation in China and the increasing spill-over from China’s payments innovation into global payments networks within the region and within Australia. The report also details how the emergence of a new digital payments environment within Australia, despite its very different starting point from that in China, is intersecting with the expansion of China’s new global payments networks with implications for participants across the payments landscape in Australia.
Dr Deer will present his findings, then join a panel discussion with an industry expert, moderated by ACRI Deputy Director Professor James Laurenceson. This will be followed by a Q&A session with the audience.
Time: 6.00pm - 7.30pm
About the panellists:
Dr Luke Deer is a researcher and writer with a focus on finance, banking and financial technology in China and Australia, and on emerging digital technologies and climate change actions. He was the research director for first Asia-Pacific China Alternative Finance Benchmarking Report published in March 2016. He has co-authored research on peer-to-peer lending in China, marketplace lending in Australia, and on digital financial services for financial inclusion and climate actions in developing countries. Dr Deer is the co-host of The Fintech in China Show podcast, which features in-depth interviews with people involved in some of the most exciting developments in financial technology, including blockchain in China. He has a PhD in Government and International Relations from the University of Sydney, and he teaches in banking and finance in the Finance Discipline at The University of Sydney Business School.
Ms Lucy Anderson is the Head of Payments Innovation at Australian Payments Network Limited (AusPayNet); the self-regulatory body set up by the payments industry to improve the safety, reliability, equity, convenience and efficiency of the Australian payments system. Ms Anderson has been working in the Australian payments and financial services industry for over 15 years. She has worked with a number of organisations, in roles that cross the payments value chain including operations, product, strategy, business development and commercial negotiation. A key part of Ms Anderson’s role involves promoting innovation, balanced by security controls and risk management practices to deliver improvements for all users of the payments system. One of Ms Anderson’s key initiatives is to lead strategic thinking in the development of solutions to effectively manage Card Not Present (CNP) fraud on an industry wide basis.
Third industry expert to be announced soon.