Financial Services News

Financial Services News

  • FST Media
  • 20 April 2022
Business specialist fintech Archa has pulled in $24 million through its pre-Series A funding round, with the capital injection to support the company’s growth and new product development objectives. Archa said a number of high-profile investors were drawn to its...
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  • FST Media
  • 20 April 2022
Financial services cyber intelligence sharing cooperative, the FS-ISAC, will lead the finserv industry in a ‘live-fire’ NATO exercise to test the sector’s cyber defensive capabilities and resilience during a simulated nation-state attack. Organised by the North Atlantic Treaty Organisation’s (NATO’s)...
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  • FST Media
  • 20 April 2022
National Australia Bank (NAB) has formally appointed Damian Fitzgibbon to the newly created role of executive technology, enterprise digital platforms. Fitzgibbon announced the appointment on his LinkedIn page today, revealing that the new role encompasses oversight of the big four...
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  • FST Media
  • 19 April 2022
Westpac has announced it has extended the rollout of its real-time scam blocking technology, designed to prevent the transaction of credit card payments to fraudulent online retailers. With the wide-scale rollout of the service, Westpac predicts it will be able...
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  • FST Media
  • 19 April 2022
Heritage Bank and People’s Choice Credit Union (PCCU) have announced they will move forward with their merger plans, creating, by early 2023, what would become one of Australia’s largest mutual banking organisations. The announcement follows the completion of due diligence,...
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  • FST Media
  • 6 April 2022
ANZ has announced the local launch of its joint venture with European payments giant Worldline – promoted by the pair as the first partnership between an Aussie big four bank and a specialist payments provider. Christened – perhaps unsurprisingly –...
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  • FST Media
  • 5 April 2022
Corporate watchdog ASIC has commenced civil proceedings against Macquarie Bank for alleged failures to adequately monitor and detect fraud in a number of third-party transactions. ASIC contends that the failure of Macquarie’s fraud check system enabled disgraced financial adviser, Ross...
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  • FST Media
  • 5 April 2022
Almost half of Open Banking Data Holders provided CDR transaction data in less than a second, on average, up from just one in three Data Holders six months ago, according to the latest statistics from Frollo’s Open Banking platform. Twenty-two...
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  • FST Media
  • 4 April 2022
The Bank of International Settlements (BIS) has announced it has successfully prototyped a ‘game-changing’ news media analysis platform designed to forecast risks to individual banks and gauge wider economic sentiment. Dubbed ‘Ellipse’, the prototype platform extracts and then analyses, in...
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  • FST Media
  • 23 March 2022
ANZ Bank has debuted a new digital banking service, ANZ Plus – the first customer-facing service to be launched on its ANZx platform – providing, it says, a springboard to “redefine the bank’s retail business”. The service boasts a dedicated,...
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  • FST Media
  • 23 March 2022
The road to the future of insurance is paved in data. But is the industry laying a solid data foundation or leaving itself a sodden mud path? We take a peek at some of the highlights from the Advancing Data...
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  • FST Media
  • 23 March 2022
A cohort of international central banks has completed a successful proof of concept showing that financial institutions can transact and settle multiple central bank digital currencies (mCBDC) with each other over a common platform. Dubbed ‘Project Dunbar’, the development team...
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  • FST Media
  • 23 March 2022
The Commonwealth Bank has released the latest data from its Benefits finder service, with small businesses claiming around $93 million in government benefits through the digital dashboard service in the six months to December 2021. Around 100,000 small businesses visited...
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  • FST Media
  • 18 March 2022
Business specialist digital payments service, Paypa Plane, has confirmed it has been accredited as a ‘Connected Institution’ on the New Payments Platform (NPP) – among several pathways enabling non-traditional FSIs to hook into the fast payments rail. One of the...
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  • FST Media
  • 18 March 2022
AMP Bank has launched a new digital eSignature capability, enabling customers to remotely sign their loan application forms and borrower interview guides online. AMP confirmed the new electronic signature service comes on top of an existing eSign capability – introduced...
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