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6 Results from /sibos, "Westpac"

/Sibos

Westpac hires Promontory to run AML review

Westpac has hired IBM subsidiary Promontory to undertake an independent review into the failings that led to the bank breaching AML/CTF laws on over 23 million occasions.

/Sibos

Australia's Big Four roll out real-time payments with Osko

Australia's New Payments Platform is expecting a surge in transactions as the country's Big Four banks roll out Osko, an overlay service which enables account-to-account real-time payments via e-mail and mobile phone numbers.

/Sibos

Swift beware: Ripple signs banks to global payments steering group

As Swift gears up for its annual Sibos jamboree in Geneva next week, the interbank messaging network is facing up to a growing threat from Ripple, which has signed up several major banks to a steering group on the use of distributed financial technology for global payments.

/Sibos

Cable & Wireless signs new banks to Real Time Nostro service

ABN Amro, FNB International Banking, Standard Chartered Bank, Svenska Handelsbanken and Westpac have signed up as providers of nostro data to Cable & Wireless' Real Time Nostro (RTN) service, while 10 more banks are in a pilot phase as users.

/Sibos

Westpac NZ crosses 85% STP payments threshold

Westpac Institutional Bank is reporting a high degree of straight-through-processing (STP) for incoming and outgoing payments at its New Zealand regional headquarters. The higher rates follow a migrations to the local RTGS (Real time Gross Settlement) system using Midas-Kapiti International’s (MKI) Midas Funds Transfer STP application.

/Sibos

Bolero signs first Australian bank

Westpac has signed up as the first Australian bank user of the bolero.net trade finance platform.