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.
IAG launches Sydney innovation lab07/08/2017 Patrick Buncsi News
IAG has opened its second innovation incubator, based in the Sydney CBD, with the aim of generating more customer-led innovations for the insurer.
Fujitsu unleashes blockchain payments breakthrough02/08/2017 Patrick Buncsi News
Fujitsu Laboratories has announced it has accelerated transaction processing for Hyperledger Fabric – a dedicated platform for developing distributed ledger solutions – which offers a significant advancement in the development of blockchain-backed payment services.
ANZ appoints new CEO Laos01/08/2017 Patrick Buncsi News
ANZ has appointed Rufus Pinto as chief executive (CEO) Laos, the bank announced today.
Abu Dhabi, Malaysia weave multi-party fin services deal01/08/2017 Patrick Buncsi News
The ADGM, the International Financial Centre of Abu Dhabi, Malaysia’s Labuan IBFC and the Labuan FSA have sealed a collaboration agreement to boost development across their respective financial ecosystems.
Movers and Shakers | July – August 201701/08/2017 Patrick Buncsi Movers and Shakers
July saw a number of high-profile appointments across the financial services and government sectors, with noteworthy additions to DBS Bank, IAG, Deutsche Bank and AXA.
DBS Bank appoints new head of digital31/07/2017 Patrick Buncsi News
Raof Latiff has been appointed head of digital for DBS Bank’s institutional banking group.
OCBC Bank deploys AI to tackle money laundering31/07/2017 Patrick Buncsi News
Singapore’s OCBC Bank has teamed with two local fintechs to pilot an artificial intelligence (AI)-based anti-money laundering and anti-terrorism financing solution.
Cyber risk the ‘number one concern’ for Aus insurers – PwC26/07/2017 Patrick Buncsi News
For a second year running, cyber risk tops the list of concerns plaguing Australian insurers in 2017, according to an industry survey by PwC.
IAG appoints Mark Drasutis as CDO24/07/2017 Patrick Buncsi News
IAG has appointed Mark Drasutis as chief digital officer (CDO), leading the business’s digital strategy and experience team, the company announced.
CBA, Austrade ink innovation agreement with HK & China24/07/2017 Patrick Buncsi News
The Commonwealth Bank, alongside the Australian Trade and Investment Commission (Austrade), has signed a collaboration agreement to support innovation between Australia, Hong Kong and Greater China.
ANZ launches ‘industry-first’ pre-assessment wizard24/07/2017 Patrick Buncsi News
ANZ Wealth subsidiary, OnePath, has launched a medical pre-assessment ‘wizard’ for its insurance division – an online tool to assist advisers in identifying loadings and policy exclusions in real-time.
ANZ joins Samsung Pay19/07/2017 Patrick Buncsi News
ANZ customers in Australia will now have access to Samsung Pay for mobile purchases, the bank announced.