Westpac launches ‘data accelerator’ program04/09/2017 Patrick Buncsi News
Westpac has announced the launch of an Australian first ‘data accelerator’ program, giving eligible start-ups access to the bank’s data sets to help spur the development of business and customer innovations.
RBA floats 'digital ID' to tackle fraud23/08/2017 Patrick Buncsi News
The Reserve Bank of Australia (RBA) has proposed the introduction of a digital identity scheme to combat rising fraud bills.
Human be gone: Australians prefer to bank digital-first23/08/2017 Anonymous News
Australian customers appear to have embraced banks' digital-first programs, preferring to sidestep human service personnel when resolving basic banking issues, according to Yougov’s Customer Experience in Banking 2017 survey.
CUA joins global banking giants in Pivotus partnership22/08/2017 Patrick Buncsi News
Credit Union Australia (CUA) has become the exclusive Australian and New Zealand partner of international banking innovator, Pivotus Ventures, joining an international cohort of financial institutions.
NZ’s Aotearoa Credit Union implements Oracle Flexcube banking platform22/08/2017 Patrick Buncsi News
New Zealand-based Aotearoa Credit Union (ACU), has announced it will become the first Maori institution to launch Oracle’s FSS Flexcube core banking platform.
China orders new clearing house for online payments15/08/2017 Patrick Buncsi News
China’s central bank has ordered the establishment of nationwide clearing house for online payment services, instructing 44 financial firms to route their transactions through the new platform, according to a report by the South China Morning Post (SCMP).
WhatsApp to add new payments feature15/08/2017 Patrick Buncsi News
Mobile messaging service WhatsApp is set to introduce an instant money transfer feature in its next update, according to WhatsApp-dedicated news blog WABetaInfo.
Citi takes big data capability to new heights with Velocity Clarity dashboard15/08/2017 Patrick Buncsi News
In June this year, Citibank announced the launch of a comprehensive platform for its global custody and fund division, leveraging the bank’s big data and analytics infrastructure to assist clients in analysing investment data. We learn a little bit more about what the platform offers to clients.
DBS launches Singapore’s largest car marketplace14/08/2017 Patrick Buncsi News
DBS Bank, one of Singapore's ‘big three’ banks, has announced the launch of its DBS Car Marketplace – an online market for private car traders.
HSBC develops robotics solution to 'digitise' global trade14/08/2017 Patrick Buncsi News
HSBC has teamed with technology giant IBM to develop a robotics solution which simplifies the processing of millions of documents used daily in international commerce.
DBS absorbs ANZ banking business in Singapore09/08/2017 Patrick Buncsi News
DBS Bank has announced it has successfully completed the migration of ANZ’s retail banking and wealth management business in Singapore.
CUA pilots Aus Post’s Digial iD service09/08/2017 Patrick Buncsi News
Australia’s largest credit union, Credit Union Australia (CUA), will become the first financial institution to trial Australia Post’s new digital identity verification service, Digital iD.
CBA responds to AUSTRAC probe, blames ‘coding error’ for alleged money laundering08/08/2017 Patrick Buncsi News
The Commonwealth Bank has blamed a “coding error” in its Intelligent Deposit Machines (IDMs) for alleged breaches of money laundering and terrorism laws.
In Sydney beats the heart of Australia’s thriving fintech industry – KPMG07/08/2017 Patrick Buncsi News
Nearly two-thirds of Australian fintechs have based themselves in Sydney, with the NSW capital driving unprecedented growth in the industry, according to KPMG’s Scaling the Fintech Opportunity report.