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PayDay News | Australian Payments News

RBA surprised by AI payment fears as banks seek safeguards

Editor
22 Oct, 2026
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Warwick Ponder
Editor
22 Oct, 2026
Add us as a preferred source on Google
The RBA looks for an industry fix as its payments policy boss Ellis Connolly says his “biggest surprise” is the level of concern from players like CommBank and Westpac around the liability and safety risks associated with unregulated AI in payments ecosystem.
RBA surprised by AI payment fears as banks seek safeguards
RBA’s Head of Payments Policy, Ellis Connolly. Background generated by AI.

The RBA looks for an industry fix as its payments policy boss Ellis Connolly says his “biggest surprise” is the level of concern from players like CommBank and Westpac around the liability and safety risks associated with unregulated AI in payments ecosystem.

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