First stage of NPP ‘to go live’ this week20/11/2017 Patrick Buncsi News
Five years in development and with 13 major Australian financial institutions locked in, the New Payments Platform (NPP) is set to move into a “full production live environment” this week – the first stage of the payment network's full public rollout.
NAB to hire 600 new digital & tech specialists14/11/2017 Patrick Buncsi News
NAB appears to be redoubling on its proposed expansion to its digitisation program, announcing 600 new digital and technology-focused positions within the company.
‘AI will power the next wave of economic progress’: Jayne Opperman, Westpac14/11/2017 Patrick Buncsi News
Collaboration, not competition, between humans and artificial intelligence (AI) technologies will usher in the next wave of economic growth and prosperity, and drive an exponential increase in workforce efficiency, according to Jayne Opperman, Westpac’s GM business integration, group technology.
Singapore's OCBC unveils Face ID for banking apps07/11/2017 Patrick Buncsi News
OCBC Bank has announced it has become Singapore’s first bank to offer facial recognition-based authentication to its customers.
Krungsri pilots blockchain-backed contract management system06/11/2017 Patrick Buncsi News
Thailand’s Krungsri Bank (officially Bank of Ayudhya PCL) has announced it has successfully developed a blockchain-based clearance system to streamline the bank’s contract management process.
DBS launches ‘world’s largest’ banking API platform06/11/2017 Patrick Buncsi News
DBS bank has unveiled the “world’s largest” banking API developer platform, launching an unprecedented 155 separate APIs for the Singapore market.
NAB announces key appointments to leadership team… and 2,000 job cuts by 202002/11/2017 Patrick Buncsi News
National Australia Bank (NAB) has announced two major changes to its executive team, with the appointment of Anthony Healy as chief customer officer (CCO) – business and private banking, and Angela Mentis as managing director and chief executive of NAB subsidiary the Bank of New Zealand (BNZ).
Movers and Shakers | October – November 201701/11/2017 Patrick Buncsi Movers and Shakers
October saw a number of high-profile appointments across the financial services sector, with noteworthy additions to Suncorp, Metlife, and Kiwibank.
Suncorp deploys Watson AI in claims processing01/11/2017 Anonymous News
Australia largest general insurance group Suncorp has announced it has successfully integrated a Watson-based liability verification engine to support its online claims process.
ASIC inks fintech cooperation deal with Switzerland01/11/2017 Patrick Buncsi News
Australia’s chief corporate regulator ASIC has secured a cooperation agreement with the Swiss Financial Markets Authority (FINMA) which seeks to boost fintech innovation and support start-ups' regulatory compliance across both markets.
Westpac, CBA, NAB to co-develop 'next-gen' mobile payments app31/10/2017 Anonymous News
Three of Australia’s big four banks have announced they will join forces to develop, invest in and market an instant payment app for mobile smart devices.
Asia-Pacific rivals secure fintech collaboration pact30/10/2017 Patrick Buncsi News
The chief financial regulators of Hong Kong (HKMA) and Singapore (MAS) have agreed to formally support fintech cooperation between the cities – considered global centres of fintech innovation.
Westpac unveils PayWear device for fashion-conscious consumers30/10/2017 Anonymous News
Westpac is set to release a new hands-free payment technology, collaborating with local designers to embed its payments chip within a variety of unique hands-free devices.
Mastercard offers open access to blockchain API24/10/2017 Patrick Buncsi News
Credit card giant Mastercard has opened its blockchain API to partner banks and merchants following successful testing and validation of the program.