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Bragg committee to probe major bank ‘debanking’ of fintech start-ups Save Share A Senate committee examining financial technology policy will investigate whether major banks are obstructing access to the real-time payments system, during the final leg of an inquiry that will also formulate a policy around digital assets. Liberal senator Andrew Bragg said “debanking” is a “major concern” for fintech start-ups seeking access to the New Payments Platform, which the banks built under guidance from the Reserve Bank of Australia. Andrew Bragg: “The policy issues which are driving instances of debanking are for Canberra to solve.”  Dominic Lorrimer As it relates to “access to payment infrastructure, we cannot have these entities being effectively shadow banned by financial institutions merely because they pose a competitive threat,” he said in a speech on Wednesday night.

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