Financial Services News

Financial Services News

  • FST Media
  • 28 April 2021
The Federal Government’s Select Senate Committee on fintech, officially known by its newly extended title the ‘Select Committee on Australia as a Technology and Financial Centre’, has tabled several new recommendations, including an expansion of the Consumer Data Right (CDR)...
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  • Nanda Lakhwani
  • 28 April 2021
Negligence within IT teams to patch, upgrade, or switch off legacy systems is leaving financial firms exposed to “unnecessarily large attack vectors”, warned former CBA technology chief Matt Pancino, alongside other ex-Big Four banking stalwarts. Pancino, speaking on FST Media’s...
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  • FST Media
  • 28 April 2021
While Zero Trust has in recent years generated huge buzz within cyber circles, particularly in the rapid shift to remote working and BYOD adoption during the 2020 Covid crisis, Michael Kamar, security platform chief at health insurance giant Bupa Australia,...
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  • FST Media
  • 27 April 2021
April saw a number of high-profile appointments and departures across the financial services sector, with noteworthy additions to Medibank Private, Allianz and neobank Judo. – Alexis George, ANZ Deputy Chief Executive, has been appointed to lead the AMP group. George...
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  • FST Media
  • 14 April 2021
NAB will add more than 280 new phone and digital banking service assistance jobs, the bank’s executive general manager for retail Krissie Jones has confirmed, in a bid to offset potential service losses resulting from the closure of a number...
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  • FST Media
  • 14 April 2021
Nearly two years since the scheme’s launch, and traversing several natural disasters and the Covid crisis, CBA has revealed its ‘Benefits finder’ platform netted customers nearly half a billion dollars in savings through 2020, with the company saying it will...
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  • Nanda Lakhwani
  • 14 April 2021
Westpac NZ has teamed with accounting specialist fintech, Common Ledger, leveraging open data capabilities to pull relevant business data from its SaaS-based accounting platforms, making it easier for the bank to receive and assess Kiwi small business loan applications. Under...
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  • Nanda Lakhwani
  • 14 April 2021
In a bid to protect vulnerable customers, New Zealand’s largest locally owned bank has announced that its customers will now be able to place a block on payments transactions to online gambling sites. Kiwibank customers can request the ‘block’ on...
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  • FST Media
  • 1 April 2021
New Zealand can count itself among the fortunate few nations to have escaped the worst of 2020’s Covid lockdowns. However, the pandemic has still had an immense impact on both business confidence and consumer habits, with financial services firms forced...
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  • FST Media
  • 1 April 2021
The latter half of March saw noteworthy appointments and departures across Australia’s financial services sector, including ING and prudential watchdog APRA, with AMP also quashing rumours (later substantiated) that its CEO was set to make a hasty departure from the...
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  • FST Media
  • 31 March 2021
The sudden exit of neobank Xinja from banking last year and NAB’s hoovering up of 86 400 appears to have done little to dent interest from alternative financial services providers and lenders in acquiring restricted or full ADI licences, says...
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  • Nanda Lakhwani
  • 31 March 2021
Data ethics, digital identity, and costs of delivery emerged at the top of the pile of concerns among stakeholders as the UK looks to expand its Open Banking regime to cover ‘Open Finance’, the country’s chief financial regulator revealed in...
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  • Nanda Lakhwani
  • 31 March 2021
While financial firms in Europe and the US have made great strides in advancing their analytics maturity, Australasian FSIs are falling behind their global counterparts, says ASB’s chief data and analytics officer, Anthony Branda, ultimately hampering their ability to leverage...
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  • FST Media
  • 18 March 2021
The Commonwealth Bank has announced the rollout of a new “smart data” modelling solution that tracks, in real-time, official emergency alerts, enabling the bank to deliver same-day support to customers impacted by natural disasters. According to CommBank, its “custom-built algorithms”,...
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  • FST Media
  • 17 March 2021
February and early March saw noteworthy appointments across Australia and NZ’s financial services sectors, with insurance giants QBE, IAG, and AIG Australia picking up several key executive additions. Australia – QBE Insurance has appointed Andrew Horton as Group Chief Executive...
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