Latest Westpac News: Finextra Research

Australian banks pull no punches in acrimonious Apple Pay dispute

The simmering dispute between Apple and four of Australia's leading banks over terms of access to Apple Pay has erupted into a fresh slanging match as the banking collective presses home its campaign to secure collective bargaining rights for NFC access to iPhones.

17 October 2016

/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.

23 September 2016

/retail

Westpac pumps $16.5 million into digital mortgage startup uno

Westpac has made a $16.5 million investment in digital mortgage startup uno, which provides consumers with direct access to the typical loan search and settlement technology that traditional mortgage brokers use.

14 September 2016

/retail

Oz banks step up Apple Pay row

The war of words between Apple and some of Australia's biggest banks is growing increasingly heated as the financial collective accuses the consumer electronics group of acting against the interests of customers in the ongoing row over collective bargaining rights for NFC access to iPhones.

30 August 2016

/retail

Westpac launches Databank for corporate data exchange

Westpac is leveraging its investment in data sharing startup Data Republic with the launch of a service that enables corporate clients to store and exchange anonymised data with a view to gaining deeper insights into customer behaviour.

25 August 2016

/retail

Australian retailers back banks in Apple Pay fight

Australia's retailers have thrown their weight behind an effort by the country's banks to win the right to collective bargaining with Apple over NFC access to iPhones.

23 August 2016

/retail

Apple claims early victory in skirmish with Australian banks

Australia's banks will have to sweat it out over their application for a collective bargaining agreement with Apple over NFC access to the consumer group's iPhones after the country's competition watchdog said that it needed more time to ponder the submissions made by the warring factions.

19 August 2016

/retail

Apple hits back at Australian bank 'cartel' in Apple Pay fight

Apple has accused Australian banks of using "innuendo and misstatements" to support their attempts to overcome restrictions imposed by the consumer electronics firm on the use of iPhones for mobile payments.

10 August 2016

/retail

Westpac doubles down on fintech venture fund

Westpac is doubling down on its investment in the fintech startup scene, pumping another $50 million into a second fund to be managed by Reinventure Group.

05 August 2016

/ai

Fintech founder calls Aussie banks hyprocrites over Apple Pay complaints

The founder of an Australian robo-advisor has accused the country's banks of hypocrisy over their cries of anti-competitive behaviour from Apple Pay

29 July 2016

/retail

Aussie banks team up for Apple Pay legal challenge

Four Australian banks are joining forces to negotiate with Apple and be allowed to offer their own payment services on the tech giant's hardware.

27 July 2016

/cloud

Australian banks suffer ATM problems after cloud service outage

Millions of Australian banking customers were unable to access ATM and Eftpos services on Sunday after severe storms on the east coast caused widespread damage, including a major outage at a cloud computing service used by several banks.

06 June 2016

Latest news