At its Strategy Update on 7 September 2015, Westpac announced that it plans to increase its technology investment spend over the next three years.
Westpac has today announced Wonder, revolutionary customer-centric technology that is set to change the way home buyers; home owners, upgraders, investors and renovators view the equity in their property.
With a new survey showing that Australian smartphone users think the nation will go cashless within a few years, Westpac has teamed up with mobile coffee ordering outfit Hey You to give customers $5 off their morning latte through the bank's app.
Westpac is to increase it annual investment spending by 20% to $1.3 billion, concentrating the new money on technology and digital initiatives while shrinking the bank branch.
Australia's bid to develop a fintech sector has taken a step forward with the opening of a new incubator in Sydney
National Australia Bank is to establish a $50 million venture fund to invest in startups with fresh ideas in mobile banking, payments and data and analytics.
We are pleased to announce that Reinventure Group, an Australian-based VC firm focused on fintech, has made a strategic investment in Coinbase.
Westpac is handing over the management and deployment of the bulk of its merchant payment system offering to Verifone.
Westpac has acquired an 11% stake in Canberra-based cybersecurity outfit QuintessenceLabs as it bids to shore up its defences against hi-tech hackers.
Westpac has launched a Live Online Lending Application (Lola) to help small to medium sized enterprises apply for loans and a MyBusiness Assist platform to help businesses plan, manage and finance their firms more easily.
© Finextra Research 2015