Financial Services News

NAB’s Group Executive of Enterprise Services and Transformation, Lisa Gray will leave the bank to pursue CEO opportunities, amid changes to the banks’ executive team announced today. While some media reports are claiming Thorburn is wielding the axe and others...

Westpac has appointed Dave Curran as Chief Information Officer, one week after Paul Spiteri resigned from holding the position in the interim. Curran joined Westpac earlier this year after 10 years with the Commonwealth Bank (CBA) where he was credited...

Dave Curran has been named as Westpac’s new CIO, he will now sit as part of the Executive team for the Group after Paul Spiteri resigned as interim CIO. Fiona Floyd has left her role as CIO at Suncorp, while the group...

As banks take on the task of managing information through data analytics, creating an integrated digital experience emerged as a key priority in the year ahead, according to Australia’s and New Zealand’s financial services CIOs. On the agenda for the...

Pressure-cooker expectations on banking CIOs to deliver instant results may be the reason Westpac’s technology team has been a revolving door since CTO Jeff Jacobs resigned in 2013, according to financial services analyst firm East & Partners. Westpac’s latest casualty...

Fiona Floyd has left her role as Chief Information Officer at Suncorp Life, as the organisation undergoes an internal restructure. A replacement has yet to be named by the insurance arm of the group. A Suncorp spokesperson confirmed Floyd’s departure,...

Using social influencers to tout financial products and services would not have the same impact on the market as those throwing their support behind technology products and consumer goods, according to Jeff Cotrupe, Industry Director, Big Data & Analytics at...

As banks aim to overhaul their core banking platforms, integrating channels to create a seamless experience for customers across all access points emerged as a key priority in the year ahead, according to Asia’s financial services CIOs. The omni-channel ‘holy grail’ is...

An interim report released by the Financial Services inquiry on Tuesday labelled technology a powerful force for change in Australia’s financial system. Changes in Technology will contribute to a string of challenges according to the 400 page report, chaired by...

The Commonwealth Bank of Australia (CBA) leads Australia’s banks in a power 100 survey that has ranked the top 100 banks and credit unions around the world based on their activity on social media websites Facebook, Twitter and YouTube. CBA...

While responses to the recent CBA financial services fraud scandal are mixed, a report by international research powerhouse Ovum says banks needs to continuously invest in analytics to improve their ability to catch fraudsters in the act. CBA is facing...

Australian banks have hit back at a report by Macquarie, which has warned that the Big Four are set to lose a significant amount of market share to technology disruptors. The report scrutinised Australia’s Big Four, concluding that they have...

Thin profit margins, regulatory hurdles and the inability to understand risk will keep Google from eating the insurance industry’s lunch in Asia Pacific, according to research firm Ovum. Charles Juniper, Senior Analyst, Financial Services Technology at Ovum pointed to these...

David Fried will take on QBE’s merger of operations in Latin America and Asia Pacific to form an emerging markets division. Fried will vacate his role as Asia-Pacific Operations CEO and begin his new role in August. Bruce MacDiarmid has...

Korawut Leenabanchong will join Aberdeen Asset Management as Chief Executive in Thailand beginning on the 1st of July, he will vacate his role as Chief Investment Officer at UOB Asset Management. It follows the departure of Sujaree Junsawang, Director of...