Bankwest has announced the closure of 29 east coast branches, saying it will redirect investments to its digital and mobile offerings.
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NAB Ventures has backed a Toronto-based cloud fintech firm, Wave, with US$24 million.
Trust in Australia’s financial services industry has taken a battering, with nearly one in three customers revealing their confidence in the industry has deteriorated significantly, according to a recent survey by Deloitte and Salesforce.
Representatives from Australia and Singapore have signed a two-year agreement to cooperate on cybersecurity, including a commitment to share incident and threat reports as well as joint security training.
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OCBC Bank has announced it has become Singapore’s first bank to offer facial recognition-based authentication to its customers.
NAB has announced it will more than double its investment in its NAB Labs team, the company’s dedicated innovation and technology experimentation hub, which includes a 70 per cent boost to its workforce in 2018.
Bank Negara Malaysia, the country’s central bank, has introduced an electronic central credit reference system (eCCRIS), allowing Malaysian nationals to access their credit report online.
The NSW government has announced a new $10 million fund to expand trials of driverless vehicles as part of the state’s 2018-2019 Budget.
Minister for Defence Industry Christopher Pyne has pledged his support for the local armed forces industry, awarding three Australian businesses defence contracts in an effort to shore up Australia’s military preparedness.
