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.
ANZ appoints new CEO Cambodia23/10/2017 Patrick Buncsi News
ANZ has announced the appointment of Alisdair Creanor as chief executive of the bank’s Cambodia division.
Prudential Singapore seeks fintech partnerships20/10/2017 Patrick Buncsi News
Prudential Singapore, a local subsidiary of UK-based insurer Prudential plc, has launched a new cooperative scheme to facilitate collaborative relationships with the fintech sector.
OJK chief reveals Indonesia’s first ‘financial information centre’ to combat global cyber threats20/10/2017 Patrick Buncsi News
The chair of Indonesia’s chief financial regulator has announced plans to establish the country’s first ‘financial information services centre’ tasked with accelerating recovery from cyber attack and training security personnel in mitigating digital threats.
Trans-Tasman regulators strengthen bilateral commitment to fintech19/10/2017 Patrick Buncsi News
Australia’s chief corporate regulator ASIC has reaffirmed an agreement with its New Zealand counterpart, the Financial Markets Authority (FMA), to nurture fintech and innovation across the Tasman.
IBM develops high-speed, cross-border payment network on blockchain19/10/2017 Patrick Buncsi News
International technology giant IBM has led a global effort to develop a high-speed, cross-border blockchain network expected to process nearly two-thirds of all cross-border payments in the South Pacific region by early 2018.
York Butter Factory appoints new global CEO18/10/2017 Patrick Buncsi News
Melbourne-based start-up incubator, York Butter Factory (YBF) has appointed former GE and BP executive, Farley Blackman, as global chief executive – a newly created position within the company.
HKMA chief ushers in a ‘new era of smart banking’11/10/2017 Anonymous News
The Hong Kong Monetary Authority (HKMA) has unveiled a set of initiatives to further industry convergence between the banking and technology sectors and deliver a “new era of smart banking” for the territory, the regulator’s chief executive announced...
MAS leads global team in 'world first' inter-bank payment innovation11/10/2017 Patrick Buncsi News
The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) have led a global effort to successfully develop a ‘world first’ software prototype for inter-bank payments through blockchain.
OCBC, HSBC and Mitsubishi unveil blockchain breakthrough in KYC10/10/2017 Patrick Buncsi News
OCBC Bank, HSBC and Mitsubishi UFJ Financial Group (MUFG), have teamed with Infocomm Media Development Authority (IMDA), to deliver an industry-first Know Your Customer (KYC) blockchain authorisation system.