Financial Services News

Financial Services News

  • Megan Andrew
  • 23 September 2020
Australia’s national science research agency, the CSIRO, and space industry consortium, SmartSat, have launched a “world-first” initiative utilising sensor technologies from the ground to space to help monitor the water quality of Australia’s inland waterways, reservoirs, and coastal environments. Dubbed...
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  • FST Media
  • 23 September 2020
Westpac has sought expertise from abroad to lead its largest division, appointing 25-year veteran of financial services, Chris de Bruin, as chief of consumer. De Bruin joins Westpac from Deem, one of the largest lenders and credit institutions in the...
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  • FST Media
  • 22 September 2020
The modern workplace is increasingly flexible, collaborative and dynamic, and new technologies afford us the opportunity to collaborate and communicate effectively while working from home. However, for many employers and workers, that parity between effectiveness in an office environment versus...
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  • Murali Ramesh
  • 18 September 2020
We are all working through a period of radical uncertainty. Being crystal clear on our organisational purpose has never been more important for us to continue to deliver for our customers and the community.   FST speaks with Alex Homer,...
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  • FST Media
  • 18 September 2020
Australia’s financial crimes investigation authority, AUSTRAC, has charged State Street Bank and Trust Company (SSBT) with an alleged 99 breaches of Australia’s AML-CTF Act, issuing a $1.24 million fine to the US-headquartered custodian bank. AUSTRAC has alleged State Street failed...
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  • FST Media
  • 18 September 2020
Global anti-money laundering and counter-terrorism financial authority, FATF, has created a ‘red flag’ list to help financial institutions and currency trading entities identify suspicious, and potentially criminally linked, virtual asset transactions. The Financial Action Task Force’s (FATF) virtual asset ‘red...
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  • FST Media
  • 17 September 2020
NAB has achieved an Australian big four first, it says, successfully migrating its business banking platform, NAB Connect, to AWS cloud. Connect’s new cloud home is expected to deliver greater “resilience and reliability” for NAB’s business banking platform, which currently...
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  • FST Media
  • 4 September 2020
NAB has hit a major milestone in its cloud migration journey, with the big four’s enterprise technology chief Steve Day revealing 40 per cent of its apps have now been moved to the cloud. However, the biggest hurdles lay ahead...
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  • FST Media
  • 4 September 2020
Automation is often touted as the panacea for countless ills facing the modern enterprise – from labour-sapping paper processes to business-crippling human errors. However, Dr Venkat Balakrishnan, TAL’s chief information security officer (CISO), has cautioned FSIs forcing wholesale automation upon...
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  • FST Media
  • 1 September 2020
August saw a number of key appointments and departures across Australia and NZ’s financial services sector, with noteworthy additions to ANZ, Citi, and AMP. Australia Appointments ANZ has appointed Lisa Vasic (pictured) to the position of Managing Director, Transaction Banking...
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  • FST Media
  • 27 August 2020
Despite significant investments made by big-name financial institutions overseas, ASB’s design chief Selina Petosa believes design thinking is still greatly undervalued by our own FSIs, with banks and insurers across Australasia potentially forgoing a massive ROI opportunity. Speaking at the...
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  • FST Media
  • 27 August 2020
Small businesses could have conditional loan approvals in under 20 minutes through ANZ, with the big four bank launching a new SME lending platform that directly taps into businesses’ accounting software data. Developed in partnership with DemystData, an external data...
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  • FST Media
  • 26 August 2020
Citi Australia has promoted within, appointing Gofran Chowdhury as its new chief of banking and wealth management. Sarah Stewart has also been announced as Citi’s next managing director and chief country compliance officer for Australia and New Zealand. As of...
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  • FST Media
  • 20 August 2020
Amidst ongoing Covid lockdowns, New Zealand’s largest private healthcare organisation, Southern Cross Healthcare Group (SCHG), has hit not walls but a wellspring of innovation. During this time, the insurance and healthcare giant has accelerated its analytics program, reengineering its data...
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  • FST Media
  • 20 August 2020
Digital-only bank Xinja has taken a crucial step towards meeting its Open Banking obligations, enlisting API developer SISS Data Services to deliver its product reference data-sharing capability – a key requirement under the Consumer Data Right (CDR) regime. Open Banking...
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