BioCatch pilots fraud intelligence network with cohort of Aussie banks
Participating banks include NAB, ANZ, CBA, Suncorp Bank and Westpac.
Westpac
September 2024: Top five movers and shakers stories of the month
FinTech Futures takes a look back at five of the top movers and shakers stories in September.
FinTech Futures: Top five news stories of the week – 13 September 2024
Our pick of the top fintech news stories this week includes UniCredit, Westpac, Mastercard and more.
Westpac promotes Anthony Miller to CEO amid Peter King’s departure
Current CEO Peter King is preparing to end his 30-year tenure at the bank.
Westpac joins forces with Optus to launch new in-app SafeCall feature
Westpac says the new feature will be rolled out to customers in the coming months.
FinTech Futures: Top five news stories of the week – 5 April 2024
Our pick of the top fintech news stories this week includes Nuvei, Westpac, iCapital and more.
Westpac set to invest billions of dollars to fuel bank-wide tech overhaul
Westpac’s current stack “isn’t older or less capable than peers… we just have too much of it”, according to its CEO.
Westpac taps Dancerace to upgrade its invoice finance operations
Dancerace says its tech will make it easier for Aussie businesses with unpaid invoices “to receive their cash faster”.
AI-backed Aussie risk decisioning firm Rich Data Co raises $17.5m Series B
The round was led by Australian bank Westpac and cloud-based financial services platform nCino.
Aussie banks launch new digital platform to stop fraudsters from receiving payments
In its trial phase, the platform cut down the time taken to resolve scam cases by more than half.
Westpac pens five-year cloud deal with AWS to boost digital transformation
Westpac aims to leverage AWS’ tech to accelerate its digital transformation.
Westpac ends talks with Tyro Payments over potential acquisition
Westpac says purchasing Tyro “is not in the best interests of Westpac shareholders at this time”.
Afterpay shutters its Westpac-powered Money app
Afterpay says customers will not have access to their Money accounts from 10 October 2022.
Westpac partners 10x Banking on new platform for institutional clients
10x Banking will provide the core technology for the new venture.
Westpac appoints Damien MacRae to lead new BaaS business
Westpac’s BaaS offering was built in partnership with 10X and integrates 30+ various tech services.
Westpac acquires money management app MoneyBrilliant
MoneyBrilliant’s technology will be integrated into Westpac’s digital banking app.
Westpac chief platform exec Meindl leaves as 10x BaaS project nears completion
Meindl says he plans to relocate to Asia, and calls the 10x project the “pinnacle” of his career.
Afterpay to launch lifestyle app Money on Westpac tech
BNPL firm aims to make Money a primary account for users.
Afterpay signs up to Westpac banking-as-a-service platform
Afterpay plans to launch a savings account on the Aussie bank’s software.
Westpac agrees to record AUD 1.3bn fine for AML failures
Australian bank on the receiving end of the country’s largest civil penalty.
Westpac sells vendor finance arm to Cerberus subsidiary for $430m
The acquisition was sealed on 20 August.
Westpac hires Scott Collary as new COO
Aussie bank snags a new executive from Bank of Montreal
Australia’s big four welcomes start of open banking
ANZ, NAB, Westpac and Commonwealth Bank have all gone live with APIs.
Westpac discloses AML breaches and due diligence failures
Australian bank has set aside AUD 900 million for an expected fine.
Westpac’s acting CEO gains full authority as bank gears up COVID-19 response
Peter King will be Westpac’s CEO for at least the next two years.
Aussie neobanks challenge country’s big four banks
ANZ, Westpac, NAB and Commonwealth Bank have lost a collective half a billion dollars.
Westpac hires familiar tech partner IBM to probe its AML bust up
Westpac has been using IBM’s infrastructure since the 1990s.
Where has trust gone – can banks even recover their standing in the community?
Traditional banks might find themselves facing a future where the front doors are locked for them!
Westpac AML failure allowed 23m illegal transactions, say regulators
The bank failed to stop 23m potentially illegal transactions
Westpac partners with 10x Future Technologies to build new platform
Australian bank hints at moving to 10x technology for its core.
Verrency appoints former Westpac Group CTO to advisory board
Prior to joining Westpac, Wilson worked with SAP and ABN Amro.
SMB expenses start-up DiviPay raises $2.3m in round led by ANZ Bank
The fintech has created a virtual credit card.
Three top Aussie banks back start-up that banishes paper receipts
The start-up, Slyp, is founded by two former PayPal executives.
Data breach leaves PayID’s customer details exposed
NPP Australia confirms the affected data included name and account numbers.
Westpac partners with Coupa for e-procurement
The partnership anticipates the government’s digitisation of procurement.
Australian FIs team up for Lygon blockchain pilot
The platform will seek to modernise the management of bank guarantees.
Can cultures really change? Can trust ever be reestablished?
“Don’t run when you lose, don’t whine when it hurts. It’s like first grade. No one likes a cry baby.”
Oz banking royal commission not a mellow brick road
We reach day 62 and it’s been downbeat for the big four banks Down Under.
Digital receipts fintech Slyp-s into the market
Easy to use, easy to set up.
Westpac invests $800m in digital revamp
Includes migration of 100 apps onto cloud infrastructure platforms.
