Westpac pens five-year cloud deal with AWS to boost digital transformation
Westpac aims to leverage AWS’ tech to accelerate its digital transformation.
Westpac
Westpac ends talks with Tyro Payments over potential acquisition
Westpac says purchasing Tyro “is not in the best interests of Westpac shareholders at this time”.
Afterpay shutters its Westpac-powered Money app
Afterpay says customers will not have access to their Money accounts from 10 October 2022.
Westpac partners 10x Banking on new platform for institutional clients
10x Banking will provide the core technology for the new venture.
Westpac appoints Damien MacRae to lead new BaaS business
Westpac’s BaaS offering was built in partnership with 10X and integrates 30+ various tech services.
Westpac acquires money management app MoneyBrilliant
MoneyBrilliant’s technology will be integrated into Westpac’s digital banking app.
Westpac chief platform exec Meindl leaves as 10x BaaS project nears completion
Meindl says he plans to relocate to Asia, and calls the 10x project the “pinnacle” of his career.
Afterpay to launch lifestyle app Money on Westpac tech
BNPL firm aims to make Money a primary account for users.
Afterpay signs up to Westpac banking-as-a-service platform
Afterpay plans to launch a savings account on the Aussie bank’s software.
Westpac agrees to record AUD 1.3bn fine for AML failures
Australian bank on the receiving end of the country’s largest civil penalty.
Westpac sells vendor finance arm to Cerberus subsidiary for $430m
The acquisition was sealed on 20 August.
Westpac hires Scott Collary as new COO
Aussie bank snags a new executive from Bank of Montreal
Australia’s big four welcomes start of open banking
ANZ, NAB, Westpac and Commonwealth Bank have all gone live with APIs.
Westpac discloses AML breaches and due diligence failures
Australian bank has set aside AUD 900 million for an expected fine.
Westpac’s acting CEO gains full authority as bank gears up COVID-19 response
Peter King will be Westpac’s CEO for at least the next two years.
Aussie neobanks challenge country’s big four banks
ANZ, Westpac, NAB and Commonwealth Bank have lost a collective half a billion dollars.
Westpac hires familiar tech partner IBM to probe its AML bust up
Westpac has been using IBM’s infrastructure since the 1990s.
Where has trust gone – can banks even recover their standing in the community?
Traditional banks might find themselves facing a future where the front doors are locked for them!
Westpac AML failure allowed 23m illegal transactions, say regulators
The bank failed to stop 23m potentially illegal transactions
Westpac partners with 10x Future Technologies to build new platform
Australian bank hints at moving to 10x technology for its core.
Verrency appoints former Westpac Group CTO to advisory board
Prior to joining Westpac, Wilson worked with SAP and ABN Amro.
SMB expenses start-up DiviPay raises $2.3m in round led by ANZ Bank
The fintech has created a virtual credit card.
Three top Aussie banks back start-up that banishes paper receipts
The start-up, Slyp, is founded by two former PayPal executives.
Data breach leaves PayID’s customer details exposed
NPP Australia confirms the affected data included name and account numbers.
Westpac partners with Coupa for e-procurement
The partnership anticipates the government’s digitisation of procurement.
Australian FIs team up for Lygon blockchain pilot
The platform will seek to modernise the management of bank guarantees.
Can cultures really change? Can trust ever be reestablished?
“Don’t run when you lose, don’t whine when it hurts. It’s like first grade. No one likes a cry baby.”
Oz banking royal commission not a mellow brick road
We reach day 62 and it’s been downbeat for the big four banks Down Under.
Digital receipts fintech Slyp-s into the market
Easy to use, easy to set up.
Westpac invests $800m in digital revamp
Includes migration of 100 apps onto cloud infrastructure platforms.
Sydney, city of innovation and ideas, is leading the way in embracing enterprise blockchain
David E. Rutter, CEO and founder of R3, looks as how it is now an inevitability.
Westpac stays mobile to check cheque’s death march
“Cheques are often considered a thing of the past.”
Australia’s big banks slammed for greed and dishonesty
Royal Commission roasts them in its interim report.
Westpac welcomes Siri for managing payments
First bank in Australia to do so.
Australia’s banks turned on by Osko for new payments platform
After a six-month delay, Westpac and ANZ are now rolling with it.
Top fintech stories this week – 8 June 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Westpac moves all core banking to cloud as it plans total transfer
Westpac has moved its core banking applications to the cloud, and will move the rest in the years to come.
Big bank’s mobile app Beem IT goes live in Oz
Australian app created by CBA, NAB and Westpac.
CBA charged the dead
Death is no excuse when it comes to banking fees.
ANZ, Suncorp and IBM team for blockchain insurance tech
The project is one of the first of its kind in New Zealand.
