National Australia Bank is to write down $297 million in software expenses as the promised benefits of some deployments failed to materialise amid rising costs.
Australian banks, retailers and payments specialists have signed on to a new co-ordination body that aims to step up the pace of innovation in the country's payments industry.
NAB's new chief Andrew Thorburn has acted quickly to turn around the Australian bank's flagging tech transformation project, replacing enterprise services head Lisa Gray with Renee Roberts, former chief risk officer of NAB-owned Bank of New Zealand.
Eagle Investment Systems LLC (Eagle), a leading provider of financial services technology and a subsidiary of BNY Mellon, today announced that National Australia Bank's Asset Servicing business (NAB) has deployed Eagle Performance, which will be used to service its 70+ asset management client's investment performance measurement requirements.
National Australia Bank is to close down accounts held by people trading in bitcoin due to the "unacceptable level of risk" posed to its business and reputation.
National Australia Bank today announces it has invested in a new trade and supply chain finance processing platform and online banking offering from Misys.
Visa and MasterCard have announced support for Host Card Emulation, a cloud-based mechanism for hosting NFC applications outside the Secure Element that effectively removes the need for bank reliance on telcos in implementing mobile payments.
ASIC today accepted an enforceable undertaking (EU) from National Australia Bank (NAB) following an investigation into the 18 October 2012 share price spike of the ASX 200.
Thomson Reuters today announced that National Australia Bank, one of its long-term clients and one of the four largest financial institutions in Australia, has adopted next generation financial markets desktop Thomson Reuters Eikon across its trading floor in Hong Kong to improve staff productivity and cross-market communication.
National Australia Bank is casting aside the traditional teller in favour of self-service machines at a new flagship 'smart store' in Melbourne.
© Finextra Research 2014