FST MEDIA
 
Featured Stories
Upcoming Conferences
Technology & Innovation – the Future of Banking and Financial Services, Auckland
17 September 2014
SKYCITY Convention Centre, Level 5, 88 Federal St
Auckland, New Zealand
Technology & Innovation – the Future of Payments
19 September
Level 4, Hilton Hotel, 488 George Street
Sydney
5th Annual ASEAN Technology and Innovation – the Future of Banking & Financial Services, Singapore
16 + 17 October 2014
Marina Bay Sands, The Sands Expo and Convention Centre
Singapore
Feature Content
5 Reasons Why Financial Services Marketers Need to Make Data Quality Their Number One Priority

While it’s hardly the hottest new trend, data quality is still a major challenge for many marketers, even those working in financial services and technology.
In Marketsoft’s recent Data Challenges Survey, it was revealed that only 11% of marketers surveyed feel that they are ‘doing fine’ when it comes to data quality. That leaves around 9 out of 10 still struggling.

The problem today is that customer data changes so rapidly and the accuracy of data is constantly under assault. In the B2C world, people update their social status and preferences on a daily basis and, in B2B, people are now changing jobs on average every 26 months. Faced with the deluge of data that is part and parcel of the big data environment, organisations need to find the capability to structure and stitch that data together so that it is accurate and meaningful.

But is data quality really such a big deal? While most organisations are aware that dirty customer data could be affecting their business, surprisingly few are fixing the problem. They should, when data underpins so much of what marketers do. If the quality of that data isn’t up to scratch, it’s going to be pretty tough making the rest of it work properly.

CLICK HERE to download our WHITE PAPER and DISCOVER the top 5 reasons why marketers need to make data quality their number one priority.
Australia’s Top IT Services and Solutions Directory
WHO’S WHO OF FINANCIAL SERVICES
An Interview with Simon Cant
Co-Founder and Managing Director, Reinventure Group


An Interview with Renzo Viegas
Chief Executive Officer, Consumer Banking, CIMB Bank


An Interview with Anne Garlick
General Manager of Comminsure Delivery and Support, Commonwealth Bank, Australia


An Interview with Ken Yong
Senior Vice President, Head of Direct Banking & Cash Management, Alliance Bank


Publications
Roundtables Specialist Features Columns
Driving Innovation and Speed-to-market Through Increased Network Agility
From the Core to the Cloud to the Edge – Reaching Virtualisations Last Mile
Keeping ahead of the super curve amid regulatory change and market convergence
Winning Customers in an Omni-Channel Banking Environment
More »   
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China CITIC Bank International launches mobile app
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Financial services movers and shakers: New Zealand monthly wrap
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Financial services movers and shakers: Australia monthly wrap
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'Holy grail': CIOs share innovations yet to be delivered in financial services
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Analysis: Facebook moves into mobile payments
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BOCHK launches the first Voice Navigation ATM in Hong Kong
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Social Media: Asia Pacific banks lead the way
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Financial services movers and shakers: Australia monthly wrap
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Financial services movers and shakers: Asia monthly wrap
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Financial services movers and shakers: New Zealand monthly wrap
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FST MEDIA EXCLUSIVE: Business savvy will land you the top tech job, say financial services CIOs
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BPI beats DBS, ANZ in social media ratings
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Facebook Graph Search triggers bank security re-think
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Big four voted among world’s best in social media
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Banks’ digital wallets are just competitive hype
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Financial services movers and shakers: Australia monthly wrap
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Financial services movers and shakers: Asia monthly wrap
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Financial services movers and shakers: New Zealand monthly wrap
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“Lay Off!” – Costello to Federal Government
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Financial services movers and shakers: Australia monthly wrap
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Financial services movers and shakers: New Zealand monthly wrap
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Financial services movers and shakers: Asian monthly wrap
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Financial services movers and shakers: Asia monthly wrap
By: Matthew Sainsbury, FST Media

Financial services movers and shakers: New Zealand monthly wrap
By: Jessica Fell, FST Media

Financial services movers and shakers: Australia monthly wrap
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Sam Plowman exits NAB; Antony Cahill steps into role of Executive General Manager, Digital and Direct Banking
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Citi’s new website a step towards ‘holy grail’
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Financial services movers and shakers: Asia monthly wrap
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Financial services movers and shakers: New Zealand monthly wrap
By: Jessica Fell, FST Media

Financial services movers and shakers: Australia monthly wrap
By: Jessica Fell, FST Media

IT background unnecessary for NAB’s new tech chief
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Banking biometrics no guarantee of privacy
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By: Matthew Sainsbury, FST Media

Banks to be muscled out of personal financial management market: Analyst
By: Jessica Fell, FST Media

Financial services movers and shakers: Australia monthly wrap
By: Jessica Fell, FST Media

Financial services movers and shakers: New Zealand monthly wrap
By: Jessica Fell, FST Media

Standard Chartered gets a MoVe on combating banking skills shortage
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AMP launches iPad app to boost engagement
By: Jessica Fell, FST Media

Citi redefines the global ATM experience
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Financial services movers and shakers: Australia monthly wrap
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Financial services movers and shakers: Asia monthly wrap
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Financial services movers and shakers: New Zealand monthly wrap
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Financial services tech predictions 2013: Asia
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Financial services tech predictions 2013: Australia & New Zealand
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By: Jessica Fell, FST Media

Banking CIOs: adapt or vanish
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Citi accelerates regional securities presence
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Financial services movers and shakers: Asia monthly wrap
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Financial services movers and shakers: NZ monthly wrap
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ANZ tech consolidation no threat to NZ IT jobs
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Quality trumps speed in bank customer service
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Standard Chartered launches ‘world-first’ dual-purpose credit card
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NFC necessary but challenging for Hong Kong banks: Analyst
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Pressure mounting on technology for Asia Pacific clearing: Citi
By: Matthew Sainsbury, FST Media

Banks targeting the unbanked face telco threat
By: Matthew Sainsbury, FST Media

Mandatory online privacy breach reporting to increase banks’ cost, risk
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Customer education the key battleground for financial security in Singapore
By: Matthew Sainsbury, FST Media

Banking CIOs responsible for video marketing
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EXCLUSIVE: Technology trumps people in safe banking – Rogue Trader
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OCBC partners with PlayMoolah to address child financial literacy
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Payments chiefs prepare for RBA challenge
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DBS branches to showcase student technology innovation
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Mobile applications and data analytics shape the future for banking
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Legislation driving technology innovation in Super
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Movers and shakers at ANZ
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Online and mobile shaping the future for Super funds
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Artificial Intelligence leading the way for financial services technology innovation
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Banking chiefs identify game-changers in financial services
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IT cadet program providing dividends for Bendigo and Adelaide Bank
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Technology and reputation key to navigating through market volatility: NAB
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The future of the banking branch: nimble, customer-focused and stylish
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Westpac launches new tablet app
By: Matthew Sainsbury, FST Media

Analysts positive on CBA’s bold hardware play
By: Matthew Sainsbury, FST Media

CBA becomes a technology vendor
By: Matthew Sainsbury, FST Media

Online insurance first to feel the bite of commoditisation
By: Matthew Sainsbury, FST Media

Innovation without focus on customer experience a ‘pointless’ exercise
By: Matthew Sainsbury, FST Media

Facilitating the Social Media Conversation
By: By Alyson Mitchell, Journalist, FS ...

Zurich appoints new Executive General Manager of SME
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Technology places CBA into top 100 global brands
By: By Matthew Sainsbury, Senior Journ ...

Business Intelligence key to beating competition from Google, Paypal
By: By Matthew Sainsbury, Senior Journ ...

Myanmar: Asia Pacific’s new financial market?
By: By Matthew Sainsbury, Senior Journ ...

Technology core to Narev’s Bank of the Future
By: By Matthew Sainsbury and Alyson Mi ...

Demystifying the Big Data hype
By: By Matthew Sainsbury, Senior Journ ...

Visa drops card processor after breach
Source: The Sydney Morning Herald

CBA makes it easier for businesses over Easter
Source: East & Partners

Mobility, BI top priorities for ANZ CIOs: Gartner
Source: Hamish Barwick, CIO Australia

Change makes Teachers largest mutual bank
Source: Eric Johnston, The Sydney Morning Herald

MLC MasterKey Business Super upgrades clearing house
Source: Rachel Davis, Financial Standard

DBS to test Indonesian openness with $7.2 bln takeover
Source: Saeed Azhar and Neil Chatterjee, Reuters

CIMB agrees to buy certain RBS businesses in Asia-Pacific
Source: Anette Jonsson, FinanceAsia

HKEx to invest HK$3b on platform upgrade
Source: Oswald Chen, China Daily

HSBC Singapore axes over 100 jobs
Source: The Jakarta Post

Asia-Pacific corporates boost utilization of HSBCnet mobile service
Source: Mridula Sudharsan, The Asset

Maybank Singapore launches Manchester United Platinum Visa cards
Source: Tengku Noor Shamsiah Tengku Abdullah, Bernama

OCBC launches “Pay Any Card” service
Source: Thomas Zink, Banking & Payments Asia

Bank Negara Indonesia taps voice biometrics for password resets
Source: Finextra

Metrobank Card implements FICO solution to combat fraud
Source: Meghna Mukerjee, Banking & Payments Asia

AMP spends $87m more on IT
Source: Liz Tay, itnews

Security breach risk for Kiwi cardholders
Source: Lois Cairns, stuff.co.nz

Paymark, phone firms introduce mobile pay
Source: Tom Pullar-Strecker, stuff.co.nz

The little bank that could
Source: Rob Stock, Dominion Post

ATM scam at $1m and rising
Source: Nicholas Jones, NZ Herald

Money transactions to become quicker
Source: Tom Pullar-Strecker, stuff.co.nz

Visa drops ‘Global Payments’ credit card processor
Source: Time

Five things you need to know about Near-Field Communications
Source: Lauren Brousell, CIO NZ

7 habits of innovative IT leaders
Source: Rob Preston, InformationWeek

Asia-Pacific corporates boost utilisation of of HSBCnet mobile service
Source: Mridula Sudharsan, The Asset

NAB creating best practices for vetting Cloud providers
Source: John Adams, Information Management

ANZ sets its sights on Burma
Source: Asian Banking & Finance

Sutton ditches CBA in favour of BoQ
Source: Russell Quinn, PerthNow

Ignore Big Data at your peril: Deloitte
Source: Diana Nguyen, Computerworld Australia

Cybercrime a growing risk for FS firms – PwC survey
Source: Finextra

Banking via mobile phone to become the norm
Source: George Liondis, Australian Financial Review

Pay your credit card bills with OCBCs pay any card service
Source: Singapore Business Review

J.P. Morgan Asia chief exits
Source: Alison Tudor, The Wall Street Journal

JPM expands reach of mobile banking platform
Source: The Asset

Citi Private Bank names Sameer Kaul as India boss
Source: Rupert Walker, Finance Asia

Citibank Singapore launches instant online installment loans
Source: Melissa Aw, Yahoo!Finance Singapore

BNP Paribas launches Cortex FX electronic trading platform
Source: Oliver Jones, The Asset

The best iPad banking apps
Source: Olivia LaBarre & Bryan Yurcan, Bank Systems & Technology

HSBC staying in Kingdom
Source: Seetalavajit Sabayjai, The Nation

ATM scam escalates
Source: Sarah Harvey, stuff.co.nz

ASB brings back three ex-staffers as executives; one as CFO, and two to newly created positions
Source: Gareth Vaughan, interest.co.nz

Rabobank appoints new chairman, director
Source: Roeland Van Den Bergh, stuff.co.nz

Westpac tech chief comes out swinging
Source: Paul Smith, The Australian Financial Review

Checking a bank balance on your phone, no log-in needed
Source: Ann Carrns, The New York Times

NZ ready for mobile and NFC payments, says MasterCard
Source: CIO New Zealand

Mobile banking pays small merchants
Source: Source: Jessica Gardner, The Australian Financial Review

Banks’ payments ‘pay day’ under threat: report
Source: Australian Banking & Finance

The CIO transformation challenge
Source: Kevin Noonan, Technology Spectator

Harnessing enterprise social networks
Source: Rebecca Merrett, CIO Australia

Exclusive video interview with Standard Chartereds Global Head of Channels Technology
Source: FST Media

NAB bolsters payments systems
Source: Liz Tay, itnews

Customer engagement ranks as top challenge for insurers
By: By FST Media

Tech chiefs to convene, share insights on trends and challenges
By: By FST Media

Social media key to super reinvention
By: By Michael Pollack, FST Media

Further Westpac job cuts likely
By: By Michael Pollack, FST Media

New thinking required for BYO device security
By: By Michael Pollack, FST Media

Leading IT executives share insights on emerging trends: Hong Kong’s Technology and Innovation – The Future of Financial Services
By: Michael Pollack, FST Media

Pioneer takes the plunge into social media
By: By Michael Pollack, FST Media

New CIO at Westpac announced: restructure a sign of the times?
By: By Melanie Timbrell, FST Media

Socialising banking: unravelling the complexities of engagement
By: By Melanie Timbrell, FST Media

CBA throws down the payments gauntlet
By: By Melanie Timbrell, FST Media

Innovating from within: the power of employee engagement over technology
By: By Melanie Timbrell, FST Media

Disconnect between IT and management revealed
By: By Melanie Timbrell, FST Media

Industry standards must keep pace with Cloud adoption
By: Melanie Timbrell, FST Media

Internal cultural shift critical to cloud success: ANZ Wealth and Westpac
By: Melanie Timbrell, FST Media

Tighter risk control needed for banks, says rogue trader
By: Melanie Timbrell, FST Media

Achieving multi-channel delivery systems ranked number one in NZ
By: Melanie Timbrell, FST Media

CIO shake-up at BT Financial and IAG
By: Melanie Timbrell, FST Media

Our peers had outperformed us: NAB
By: Melanie Timbrell, FST Media


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INDUSTRY RELEASES
Westpac Opens Innovation Challenge to Startups
Westpac Group and venture technology accelerator, BlueChilli today launched the 'Westpac Innovation Challenge', an opportunity for Australian start-ups to develop new ideas to help the bank's business customers.


Maybank to push growth through innovative digital banking App
Maybank’s newly launched Maybank2u App is expected to help boost transaction value via the online platform by some 30% within two years from RM13 billion per month currently.


RaboDirect partners with Sandstone
RaboDirect Australia, the online savings arm of Rabobank, has partnered with Sandstone Technology to launch its first mobile app. The mobile app is an extension of RaboDirect’s existing digital channels and provides its customers with a consistent and engaging customer experience.


BNZ app to let you top up prepay mobile accounts
The latest capability added to BNZ’s award-winning mobile banking app will enable customers to instantly add credit to any prepay 2degrees or Vodafone mobile phone by simply entering the number of the phone they wish to top up.


Contactless purchases thrive while traditional forms flounder: IBISWorld reveals a personal banking sector at a crossroads
Business information analysts at IBISWorld expect that contactless payment methods will all but replace traditional physical credit and debit card payments by 2020 for transactions under $100.


CEO Resignation and transition arrangements
BOQ today announced Managing Director and Chief Executive Officer Stuart Grimshaw has resigned to pursue a new non-banking opportunity outside Australia.


OCBC Bank and Great Eastern launch Singapore’s first health and wellness credit card
Singapore-based Oversea-Chinese Banking Corporation Limited (OCBC Bank) has partnered life insurance company Great Eastern to launch the first health and wellness credit card in Singapore.


Westpac New Zealand customers to get world first augmented reality banking app
Westpac New Zealand is to release the world’s first banking app for account management using augmented reality.


Australians embracing digital payments: APCA releases new report on transitioning payments to the digital economy
Australian consumers are increasingly giving up cash in favour of cards, mobiles and online solutions.


NAB Group CEO announces changes to Group Executive
National Australia Bank Group Chief Executive Officer Andrew Thorburn today announced changes to the NAB Group Executive Leadership team.


WESTPAC Appoints new Chief Information Officer
Westpac Group Chief Executive Officer, Gail Kelly, today announced the appointment of Dave Curran as Chief Information Officer for the Group


Bank Rakyat Indonesia (BRI) Selects EMC Satcom Technologies to Increase Reliability of Banking Applications
EMC Satcom Technologies, a division of Emerging Markets Communications, has announced that Bank Rakyat Indonesia has selected the company to provide a satellite connectivity solution to increase the performance and reliability of its online banking and internal applications.


State Bank of India Launches New Digital Online and Self-Service Banking Solutions with Support from Accenture
State Bank of India (SBI), the nation's largest bank, has launched six digital branches across the country, as part of a pioneering program to offer next generation banking solutions to India's growing mobile phone and internet-savvy customer base.


New strategic role at life insurer TAL
Australia’s largest life insurer TAL has announced the appointment of Edith Pfister to the newly created role of General Manager, Strategic Finance.


NAB appoints three women to senior technology roles
NAB has promoted three women into senior technology roles as the organisation continues one of the most significant transformations of any bank globally across its total technology environment.


ANZ launches Australia’s first digital app, combining wealth and banking in one place
ANZ today launched Australia’s first financial services app that combines everyday banking with comprehensive wealth management solutions, in another milestone to help its customers protect, connect and grow their wealth.


Research shows information overload hampers CFO decision-making processes
New research sponsored by Qlik (NASDAQ: QLIK), a leader in user-driven Business Intelligence (BI), from The Economist Intelligence Unit shows CFOs are struggling to make effective decisions due to inaccurate, out-of-date information.


Deloitte says we must do better for retiring Australians
Unless people work longer, or contribute more, their superannuation accumulation will, in many cases, be inadequate to support them in retirement. A new report from Deloitte Actuaries & Consultants looks at what the superannuation industry, Government and superannuation members can do to secure a better financial outcome for retiring Australians.


Scott to lead Wesfarmers’ financial services push
Wesfarmers has appointed Rob Scott to the new role of MD Financial Services, to lead the expansion of the group’s consumer financial services business.


IAG to implement new Australian operating model
Insurance Australia Group Limited (IAG) will implement a new operating model for its Australian operations to create a more customer-focused and efficient organisation.


MasterCard and Sacombank Enable Card Payments at Iconic Vietnam Market
MasterCard and Sacombank have announced a partnership which is equipping small merchants at the iconic Ben Thanh market in Vietnam with mobile Point-of-Sale (mPOS) terminals, enabling consumers to pay for their purchases using payment cards for the first time in its 100-year history.


Photo pay your friends with the Suncorp Bank Mobile Banking App
Suncorp Bank has announced a new addition to its mobile banking app, a new payment enhancement allowing Suncorp Bank customers to pay their friends by taking a photo of a QR code.


Citi names Mark Slaughter Head of Asia Pacific Corporate and Investment Banking
Citi has announced that effective immediately, Mark Slaughter will become Head of Corporate and Investment Banking for Asia Pacific. Mark is currently the Global Chief Operating Officer for Corporate and Investment Banking based in New York.


AIA Australia appoints new Chief Executive Officer
AIA Australia announced the appointment of Damien Mu, General Manager, Life Insurance of AIA Australia, to the position of Chief Executive Officer of AIA Australia, subject to regulatory approval. Damien replaces Peter Crewe, who will take up the role of Chief Executive Officer, Group Corporate Solutions of AIA Group based in Hong Kong.


CBA announces new Group Executive, Enterprise Services and Chief Information Officer
The Chief Executive Officer of the Commonwealth Bank, Ian Narev, has announced the appointment of David Whiteing as the new Group Executive, Enterprise Services and Chief Information Officer.


Matt Pancino Appointed CEO of Suncorp Business Services
Suncorp Group has announced the appointment of Matt Pancino as Chief Executive Officer of Suncorp Business Services.


Mizuho Trust & Banking (Luxembourg) S.A. chooses SimCorp Dimension
SimCorp, a leading provider of investment management solutions and services for the global financial services industry, has announced that Mizuho Trust & Banking (Luxembourg) S.A. (“MHTBL”) has chosen SimCorp Dimension as its new integrated software solution.


Asia Pacific Stock Exchange Selects NASDAQ OMX's X-stream Trading Technology
Asia Pacific Stock Exchange (APX) and NASDAQ OMX have signed an agreement for NASDAQ OMX to deliver its industry leading trading technology, X-stream, as well as Genium FIX, to Asia Pacific Stock Exchange to power its APeX® trading platform, the new rapidly growing securities exchange that is a bridge for capital, knowledge, deals and investor flows between Asia and Australia. The trading system is expected to go live in late 2014.


Merlon Capital Extends Competitive Edge
SimCorp, a leading provider of investment management solutions and services for the global financial services industry, has announced that Sydney-based boutique fund manager, Merlon Capital Partners has gone live with SimCorp Dimension's Front Office suite following a rapid deployment.


Westpac appoints new Chief Risk Officer
Westpac Group Chief Executive Officer, Gail Kelly, today announced the retirement of Greg Targett from Westpac’s executive team and the appointment of Alexandra Holcomb to the position of Chief Risk Officer.


NZBA: Banks; performance highly rated
A public opinion survey has found a high level satisfaction among bank customers, the New Zealand Bankers’ Association said today. The survey also measured perceptions of the banking sector’s strength and acceptable profit levels. Seventy-seven per cent of respondents were satisfied or very satisfied with their main bank, with only nine per cent dissatisfied or very dissatisfied.


HCF Receives inaugural global "Innovator of The Year"
Australia’s largest not-for-profit health insurer, HCF, has been named the inaugural "Innovator of the Year" for 2014 by ReadSoft, a global leader in document process automation.


Dash transforms every mobile phone into an ATM
SingTel and Standard Chartered Bank have unveiled Dash, a mobile money service offering innovative solutions that update the way customers access, save or borrow money, make payments, and purchase insurance.


Apia launches tailored private health insurance for Over 50s
Leading Over 50s insurer, Apia, is entering the Private Health Insurance market in Australia. The move into the health insurance space was prompted by strong customer demand as the specialist insurer’s reputation grew.


Appointment of the Head of Economic Analysis Department
Dr Alexandra Heath has been appointed to the position of Head of Economic Analysis Department with effect from 11 August 2014. This transfer is the result of Jonathan Kearns taking up a position at the Bank for International Settlements for two years. Dr Heath is currently the Head of Economic Research Department at the Bank, a position she has held since March 2012.


Bendigo Bank signs five-year deal with life insurer AIA Australia
Bendigo Bank has announced an exciting five-year deal with life insurer AIA Australia to provide direct life insurance to its customers nationally.


Allied World Continues Global Expansion; Opens Office in Australia
ZUG, Switzerland-- Allied World Assurance Company Holdings, AG (NYSE:AWH) announced today the opening of a new branch office of Allied World Assurance Company, Ltd in Sydney, Australia to further expand distribution networks in the Asia Pacific region. William Cotter, Executive Vice President, Asia Pacific Division, has been appointed to oversee the build-out of the branch and is now resident in Sydney. Mr. Cotter has been responsible for insurance operations in the region since opening Allied W


Square eases the complicated process of getting capital to growing businesses
With Square Capital there is no application process, and businesses get their money as soon as the next business day. Businesses automatically pay Square as a set percentage of daily card sales, so they pay more when sales are strong and less if things slow down. Square creates unique offers for businesses with the expectation that sellers will complete their advance in approximately 10 months, although there is no set time frame. The cost to the seller never changes, regardless of how long it t


ANZ continues investment in West China with new branch in Chengdu
ANZ China has announced a further milestone in its expansion in West China with the establishment of a new branch in Chengdu, the capital and the largest city of Sichuan Province.


Roy Morgan Consumer Banking Satisfaction April
Consumer Satisfaction with banks at record high, but why are Business Customers lagging so far behind? The satisfaction level of the personal customers of banks reached 82.0% in April, a marginal increase from 81.8% in March, but enough to achieve its highest level in the 18 years since this survey began. The Big Four banks’ personal customers scored 80.7% satisfaction, well above the satisfaction level of their business customers (65.8%). These are the latest findings from the Roy Morga


Coles launches life insurance
Coles has expanded their financial services offering to Australian consumers, with the launch of a new affordable life insurance, starting at as little as $1.00 a week. Underwritten by one of the world’s largest insurer’s MetLife, this new product will evolve the Coles Insurance brand beyond that of car and home insurance.


MetLife appoints Deanne Stewart as its Australia Chief
MetLife announced today that Ms. Deanne Stewart will join MetLife in Australia to become its Chief Executive Officer starting in mid-July. Ms. Stewart will also be joining the Asia Leadership team of MetLife and will directly report to Dr. Nirmala Menon, Senior Vice President & Head of Designated Markets and Health, Asia.


IAG to implement new Australian operating model
Insurance Australia Group Limited (IAG) will implement a new operating model for its Australian operations to create a more customer-focused and efficient organisation.


FOI RBA Bitcoin information paper
Bitcoin can be characterised as both an alternative to national currencies and as a payment system. As a payment system, Bitcoin appears to involve an inefficient use of resources, but has some benefits for end-users that encourage its use over more established payment systems (low fees, anonymity, speed, irrevocability).


BNZ appoints Shelley Ruha as director, Partners
Bank of New Zealand (BNZ) today announced that Shelley Ruha has been appointed director of BNZ Partners, BNZ’s business banking operation which includes its wholesale and markets, agribusiness, corporate, institutional and private and wealth divisions. Ms Ruha is currently BNZ’s director of enterprise services and replaces Anthony Healy who became CEO on 12 May.


ANZ blends digital geek with the wealth specialist to
ANZ today unveiled its new Grow Centre in Sydney, a place that brings together digital solutions and personal service to help people connect, protect and grow their wealth. Joyce Phillips, ANZ CEO Global Wealth said: “Grow by ANZ is a new platform for ANZ to deliver innovative wealth solutions across the physical, digital and advice space to help customers grow their knowledge, their confidence and their wealth.


ANZ appoints Farhan Faruqui as CEO International
ANZ today announced Farhan Faruqui has been appointed CEO International Banking, reporting to CEO International and Institutional Banking Andrew Géczy. The role is responsible for supporting ANZ’s super regional strategy by improving the connectivity between ANZ’s 33 markets with a diverse set of customers


RBNZ: Views sought in review of settlement systems
The Reserve Bank is seeking stakeholders’ input for a strategic review of its payment and settlement systems. The Reserve Bank announced last year that it would review the Exchange Settlement Account System (ESAS) and NZClear Securities Settlement System (NZClear) that it owns and operates. The review is in anticipation of substantial upgrades that are necessary over the next 2-5 years.


Competitors hunt CBA and NAB clients
Small and Medium Size Enterprise (SME) customers of the CBA and NAB are the most likely to receive calls from competitor banks seeking to poach their business, according to research from industry analysts East & Partners.


IDC Financial Insights Predicts Worldwide Risk Information Technologies and Service Market to Grow to $97.3 billion by 2018
IDC Financial Insights today published a new report, Worldwide IT Spending 2013-2018, Risk IT Spending Guide, which forecasts the worldwide risk information technologies and services (RITS) market will grow to $79.2 billion in 2015 and $97.3 billion by 2018. The compound annual growth rate (CAGR) for the forecast period has increased over previous forecasts to 7.2%.




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