Financial Services News

Financial Services News

  • 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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  • FST Media
  • 19 August 2020
AusPayNet chief executive Andy White has praised the payments industry’s uptake of the Fraud Mitigation Framework believing it key to a nearly 20 per cent drop in card payment fraud last year. The payments industry authority recorded a 19.5 per...
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  • FST Media
  • 11 August 2020
A year on from its soft Australian launch, Revolut has released the first incarnation of its highly anticipated financial ‘super app’. Thirty thousand Australians on Revolut’s waitlist now have immediate access to the fintech’s full suite of money transfer services,...
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  • FST Media
  • 11 August 2020
Customer payments made through Westpac will be subject to additional scam and fraud checks, with the bank announcing it has deployed a new real-time detection system to flag suspicious payments before they are processed. The new system immediately alerts branch...
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  • FST Media
  • 10 August 2020
Up, the Bendigo Bank-owned fintech, has announced it has successfully integrated foreign exchange service TransferWise into its mobile banking platform. The partnership, an Australian first, gives Up app users direct access to TransferWise’s cross-border money transfer service, providing, it says,...
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  • FST Media
  • 5 August 2020
The Bank of International Settlements (BIS), the ‘central bank of central banks’, has called upon tech developers to build a range of solutions to address critical interoperability and data-sharing roadblocks in existing trade finance platforms. The TechChallenge, a joint initiative...
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  • FST Media
  • 4 August 2020
July saw a number of high-profile appointments and departures across the financial services sector, with noteworthy additions to Westpac, UBank and Suncorp. Australia Appointments Westpac has appointed Scott Collary to the position of Chief Operating Officer (COO), following the creation of a new...
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  • FST Media
  • 3 August 2020
May saw a record monthly spike in cyber breach reports made as part of the Notifiable Data Breach (NDB) scheme, as staff security lapses and Covid uncertainties continue to plague Australian organisations. Australia’s Office of the Information Commissioner (OAIC), which...
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  • FST Media
  • 29 July 2020
Pressure from Covid has driven surging demand for local customer service and operations expertise, with Westpac announcing it will bring home 1,000 jobs from overseas to plug operational gaps and reduce the potential for “offshore disruption”. The bank said the...
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  • FST Media
  • 29 July 2020
Westpac will consolidate its technology and operations functions into a single role, appointing Scott Collary to lead the bank’s newly created “operating office”. Collary, a former tech chief at ANZ and most recently CIO and head of operations at the...
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