Financial Services News

Financial Services News

  • Meaghan Jeffrey
  • 5 August 2014
Westpac took to the stage at FST Media’s Technology and Innovation – The Future of Customer Experience and Business Intelligence conference in Melbourne today to announce the world’s first banking application for account management using augmented reality.  Available in September,...
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  • Meaghan Jeffrey
  • 1 August 2014
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...
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  • Meaghan Jeffrey
  • 31 July 2014
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...
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  • Meaghan Jeffrey
  • 30 July 2014
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...
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  • Meaghan Jeffrey
  • 30 July 2014
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...
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  • Meaghan Jeffrey
  • 29 July 2014
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...
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  • Meaghan Jeffrey
  • 29 July 2014
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,...
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  • Meaghan Jeffrey
  • 22 July 2014
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...
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  • Meaghan Jeffrey
  • 22 July 2014
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...
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  • Meaghan Jeffrey
  • 16 July 2014
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...
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  • Meaghan Jeffrey
  • 15 July 2014
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...
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  • Meaghan Jeffrey
  • 10 July 2014
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...
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  • Meaghan Jeffrey
  • 10 July 2014
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...
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  • Meaghan Jeffrey
  • 8 July 2014
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...
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  • Meaghan Jeffrey
  • 1 July 2014
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...
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