Westpac

308 results about this entity

Period: 26 Nov 2004 - 23 Jul 2025

/retail

Westpac adds marketplace lender SocietyOne to banking-as-a-service platform

Marketplace lender SocietyOne is the second Australian fintech to join­­­ Westpac's new digital banking-as-a-service platform.

/payments

Oz lenders ready to put bank guarantees on a blockchain

ANZ, Commonwealth Bank of Australia, Westpac, IBM and Scentre Group are to formally launch a blockchain-based platform that reduces the time to issue a bank guarantee from one month to one day.

/payments

Westpac clamps down on abusive messages sent via payment transactions

Westpac is introducing new tools to clamp down on the use of payment channels to send abusive and threatening messages to recipients via the description and reference fields in online banking transactions.

Small businesses adoption of online model to stay

Almost half (44%) of small to medium sized enterprises (SMEs) have changed their business model to adapt to financial disruption caused by the COVID-19 pandemic, with one in five of those embracing online trading.

/regulation

Apra takes action against Westpac over breaches of liquidity standards

The Australian Prudential Regulation Authority (APRA) has taken enforcement action against Westpac Banking Corporation (Westpac) in response to material breaches of APRA’s prudential standards on liquidity.

/retail

Westpac rolls out customer complaint resolution system

Australian bank Westpac has enlisted IBM to help build a complaint resolution platform that is now being rolled out to more than 15,000 customer-facing employees.

/payments

Westpac sells stake in BNPL firm Zip for $337 million

Westpac has sold its stake in Australian buy now, pay later firm Zip just days after entering into a relationship with POS financing rival Afterpay.

/retail

Afterpay becomes first fintech to join Westpac's banking-as-a-service platform

Westpac has introduced local buy now, pay later player AfterPay as the first third party fintech to operate on its new banking-as-a-service platform.

/people

Former Zafin chief de Bruin to head Westpac consumer division

Westpac chief executive Peter King has firmed up his executive team with the appointment of Chris de Bruin as chief executive of the bank’s consumer division.

/crime

Westpac hit with record fine for AML breaches

Australian bank Westpac has become the latest institution to fall foul of anti-money laundering rules after it was slapped with a record fine of A$1.3bn ($0.9bn) by the Australian regulator.

/payments

Oz lenders ready to roll out bank guarantee blockchain platform to general public

ANZ, Commonwealth Bank of Australia, Westpac, IBM and Scentre Group are to formally launch a blockchain-based platform that reduces the time to issue a bank guarantee from one month to one day.

Westpac sells Vendor Finance business

Westpac Group has today announced that it has entered into an agreement for the sale of its Vendor Finance business to Angle Finance, a portfolio company of Cerberus Capital Management, L.P.