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Gemma Simpson, Digital Producer at bluenotes, investigates the increasing trend of payments via mobile wallets: "ANZ data shows a 140 per cent increase in the volume of what are called 'mobile wallet' – digital - transactions in the year to December 2018."
Managing Editor of bluenotes, Andrew Cornell, addresses the future of financial services in 2019: "Critically, barriers to entry are falling and financial institutions’ historic near-monopoly over financial intermediation – borrowing, lending, payments, risk management – is eroding."
ANZ chief economist Richard Yetsenga on technology and its affect on jobs: "Consider a specific example of the introduction of washing machines into households: in 1910 there were 500,000 domestic laundry staff employed in the US. Within 30 years their number had declined by nearly 90%. We can’t accurately forecast if enough jobs will be created to replace those destroyed. But jobs will change and jobs will be challenged; that much is clear."
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