Suncorp unveils transformation-ready operating model, appoints new banking chief01/07/2020 Anonymous News
Pressure from Covid and a devastating bushfire season has driven Suncorp to consolidate and streamline several core functions as well as make substantive personnel changes across its business, the Queensland financial services giant revealed in a recent update.
ASX announces go-live date for CHESS replacement01/07/2020 Anonymous News
The Australian Securities Exchange (ASX) has announced its revised go-live date for its blockchain-backed CHESS replacement, now slated for an April 2022 launch.
Movers & Shakers, Financial Services | June – July, 202030/06/2020 Anonymous News
June saw a number of high-profile appointments and departures across the financial services sector, with noteworthy additions to Suncorp, NAB and MLC Life.
‘The most financially harmful scam’: ACCC reveals massive toll of business email scams, with banks urged to be on the front foot of prevention25/06/2020 Anonymous News
Email compromise scams cost Australian businesses $132 million last year, with banks urged to take a more diligent approach in preventing the transfer of funds to fraudsters.
ASX reveals latest updates in CHESS overhaul, introduces new API access point23/06/2020 Anonymous News
The Australian Securities Exchange’s (ASX) blockchain-backed CHESS upgrade will feature a new API access point, giving developers and fintechs a direct plug-in point for a range of innovative ‘micro services’.
Peak banking & business coalition urges govt to make e-mortgages permanent22/06/2020 Anonymous News
Australia’s peak banking services body, the ABA, has joined business and real estate authorities in calling on governments to permanently legislate the use of e-signature and e-document services introduced at the height of Australia's initial Covid outbreak.
Aussie challengers sweep World’s Best Bank survey, big four lag17/06/2020 Anonymous News
A slew of challenger banks has swept Australia’s top rankings in a recent global banking survey, with Heritage, Bank Australia, and Newcastle Permanent rated as customers' three favourite local banks.
Former CBA tech chief heads to Suncorp15/06/2020 Anonymous News
Queensland financial services giant Suncorp has appointed Adam Bennett, a former CBA tech chief, as its next chief information officer.
RBA reveals plans for ‘data bunker’10/06/2020 Anonymous News
The Reserve Bank of Australia (RBA) has called upon industry to help it build a data safe house to boost resilience in the event of data loss or corruption incidents.
Global insurer's intelligence team records 25 per cent jump in ransomware in Q110/06/2020 Anonymous News
Beazley, a specialist insurer, has reported a 25 per cent spike in ransomware attacks between Q1 2020 and Q4 last year, with financial services and healthcare organisations once again bearing the brunt of attacks.
TAL unveils digital content hub for advisers08/06/2020 Anonymous News
Life insurance giant TAL has launched a dedicated digital content hub for its advisory team, including ‘white-label’ resources for client communications and tools to support remote working.
CBA releases new tech use policy to stamp out abusive behaviour on its digital platforms04/06/2020 Anonymous News
The Commonwealth Bank has released a new acceptable use policy for its web-based NetBank service and CommBank app in an effort to stamp out a disturbing trend of “technology-facilitated abuse” identified among some of its customers.
On-boarded with a selfie: NZ challenger unveils ‘virtual’ branch02/06/2020 Anonymous News
New Zealand's TSB Bank has launched a new “virtual” banking portal, giving a digital make-over to some of the last vestiges of its in-branch-only experience.
Movers & Shakers, Financial Services | May–June, 202001/06/2020 Anonymous News
May saw a number of high-profile appointments and departures across the financial services industry, with noteworthy additions to the Insurance Council of Australia, the ASX and Qudos Bank.