Financial Services News

Financial Services News

  • FST Media
  • 7 March 2024
Beforepay, a fintech specialising in ‘pay advance’ services, has announced the launch of a dedicated business-to-business offshoot that will sell its in-house-developed platforms and AI-powered tools to fellow lenders and lendtechs. Touted by Beforepay as its dedicated “artificial intelligence and...
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  • Patrick Buncsi
  • 7 March 2024
Commonwealth Bank of Australia (CBA) has consigned the more than century-old Bankwest branch network to history, with the Group’s Western Australia subsidiary announcing it will transition to a fully digital outfit within eight months and close or covert around 60...
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  • FST Media
  • 6 March 2024
Diverger is now formally part of Count Limited but that has not stopped it implementing an integrated eSigning solution with Brisbane-based fintech, Annature.
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  • FST Media
  • 6 March 2024
Compliance technology costs are impacting the bottom lines of Australian financial institutions, according to a new study conducted by LexisNexis Risk Solutions.
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  • Jasmine Alvarez
  • 6 March 2024
Insurers and the technology they use have evolved markedly in recent years, as lofty, blue-sky visions are quickly adopted as everyday, user-friendly tools – from sensors that track the health of a policyholder, satellites that track the fallout of a...
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  • FST Media
  • 6 March 2024
SME-specialist lender Avenue Bank has been granted an unrestricted banking licence from industry regulator APRA after two and a half years trading as a rADI. Founded in 2018, the Melbourne-headquartered, branchless bank has held its restricted authorised deposit-taking institution (rADI)...
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  • FST Media
  • 28 February 2024
Defence Bank, the dedicated mutual bank servicing Australian Defence Force (ADF) members, has announced the deployment of its digital loans processing platform for mortgage origination and experience The rollout effectively extends the original Cloudcase-developed platform – deployed by the bank...
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  • Patrick Buncsi
  • 28 February 2024
Fredrik Lindström, who held a leading role overseeing technology for CommBank’s retail banking arm, has been poached by rival NAB to serve as its next chief information officer (CIO) for personal banking. Lindström announced the move in a LinkedIn post,...
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  • FST Media
  • 28 February 2024
The Reserve Bank of Australia has announced the promotion of Susan Woods to the newly created role of Chief Operating Officer (COO). As part of her new role, Woods, the RBA said, will work alongside Deputy Governor Andrew Hauser to...
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  • FST Media
  • 27 February 2024
MLC Life Insurance has appointed Mirella Robinson as its inaugural chief technology officer (CTO). Robinson joins MLC from superannuation fund Cbus, where she served nearly three years as chief information and technology officer (CITO). MLC recognised its latest senior tech...
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  • FST Media
  • 22 February 2024
Judo Bank has promoted its next-in-line Chriss Bayliss to chief executive and managing director after founding CEO Joseph Healy announced he will depart from neobank. Bayliss, who is currently Judo’s deputy CEO and chief relationship officer, will succeed Healy on...
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  • FST Media
  • 21 February 2024
While the fears around artificial intelligence (AI) sparking a new cyber arms race are in many ways justified, financial services businesses, on balance – and when applied properly – can reap net benefits from the deployment of these technologies, as...
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  • Patrick Buncsi
  • 20 February 2024
Bendigo Bank has made impressive headway in its push to consolidate its numerous core banking systems – a legacy of its vigorous M&A activity over the last two decades, including the still-to-be-concluded integration and phasing out of the Adelaide Bank...
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  • Patrick Buncsi
  • 20 February 2024
After a more than six-month deliberation, the Australian Competition Tribunal (ACT) has approved the Australia and New Zealand Banking (ANZ) Group’s proposed takeover of tier-two rival Suncorp Bank.  The ACT’s decision effectively overturns the competition watchdog’s August 2023 ruling denying...
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  • FST Media
  • 19 February 2024
Payments and data company Cuscal has announced the forthcoming departure of deputy chief executive and company veteran Bianca Bates. Bates, who also serves as Cuscal’s chief client officer, is set to take on a new role at employee management services...
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