Financial Services News

Financial Services News

  • FST Media
  • 20 November 2020
Over the last year of crises and personal hardship, Australia’s financial services industry has, in large part, stood up and served its communities with care, empathy, and an understanding of the physical barriers and emotional challenges they face – and...
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  • FST Media
  • 19 November 2020
Faced with an indefinite pause to its ambitious transformation program, Rest, one of Australia’s largest superannuation funds, was determined not to let this opportunity go to waste, doubling down on its wholesale agile push even with the immediate prospect of...
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  • Nanda Lakhwani
  • 19 November 2020
ANZ Bank’s venture capital arm, ANZi Ventures, has taken a NZ$4 million equity stake in Auckland-based fintech Aider, which provides SME customers conversational digital assistance and real-time data insights, including cashflow tracking, into their businesses. Beyond cashflow, Aider also provides...
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  • Nanda Lakhwani
  • 12 November 2020
Macquarie Bank’s half-decade investment in Agile has borne impressive dividends for the company, with ‘feature teams’ ramping up test, development, and production cycles to multiple times per day, laying the groundwork for award-winning front-end service innovations and marked improvements in...
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  • FST Media
  • 12 November 2020
“Transformation is a sport to be played by everybody. It’s not a game that one party plays and others watch from behind.”   Joining event MC and moderator, Luke Hannan, at the recent Future of Financial Services Sydney 2020 event, Abdullah...
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  • FST Media
  • 6 November 2020
The progressive adoption of Open Banking will see banks further leaning on their partners to deliver front-end services, with incumbent banks effectively “owning the product, but not the customer experience”, says Luis Uguina, chief digital officer, Macquarie Bank. Speaking at...
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  • FST Media
  • 5 November 2020
Chief of Australia’s Consumer Data Right (CDR) has confirmed the Australian Competition and Consumer Commission (ACCC) could lose jurisdiction of the CDR to Treasury, contingent on legislation to hit parliament. Speaking at FST’s Future of Financial Services Sydney event on...
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  • FST Media
  • 5 November 2020
Senator Andrew Bragg has again urged Australian industry and governments to “capitalise on the demise of Hong Kong” as a regional centre of finance and technology, believing China’s special administrative region (SAR) will no longer retain its primacy as a...
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  • FST Media
  • 3 November 2020
October saw a number of key appointments and departures across Australia’s financial services sector, with noteworthy additions to ING Australia, ANZ Bank, and IAG. Australia – ING Bank Australia has appointed Melanie Evans to the position of Chief Executive. Evans,...
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  • FST Media
  • 28 October 2020
The Australian Securities Exchange (ASX) has pushed back the launch date for its long-slated CHESS replacement by another year following requests from industry for more testing time. The delayed launch will allow for “[increased] project scope” and extra system testing...
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  • FST Media
  • 27 October 2020
Westpac New Zealand has announced its phase-out timeline for accepting and processing cheques, with June 2021 its final cut-off month cheque users. From 25 June next year, Westpac NZ will no longer accept cheques for cashing out or depositing, while...
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  • FST Media
  • 21 October 2020
Afterpay has become the first business to join Westpac’s new cloud-based ‘bank-as-a-service’ (BaaS) platform, following a deal that will see the Aussie buy now, pay later (BNPL) giant offer white-label Westpac transaction and savings accounts to its more than three...
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  • FST Media
  • 20 October 2020
SME-specialist neobank Judo will implement a new cloud-based ‘Bank Operating System’, supporting the expansion and “streamlining” of its lending operations. Enlisting financial tech developer nCino, the new all-in-one cloud-based platform will enable the neobank to automate key banking processes, it...
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  • FST Media
  • 15 October 2020
At our recent Sydney Banking Summit, AMP’s Jacqui Visch and ING Australia’s Sasitharan Sanmugaratnam, among the industry’s most respected voices in data and digital innovation, came together to explore their the digital-only banks’ tech transformation agendas and big data-readied infrastructure...
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  • FST Media
  • 7 October 2020
One of the chief technologists overseeing the Consumer Data Right’s (CDR) implementation has quashed suggestions of a supposed “backlog” in accredited data recipient (ADR) applications, stressing that processes remain on track and urging eligible business to move their applications forward...
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