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253 Results from "Westpac"

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Westpac chief platform officer moves on as BaaS platform goes into production

Cameron Meindl, Westpac's chief platform officer who has been overseeing the bank's move into the banking-as-a-services arena, has quit after 13 years with the Australian lender.

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CommBank implements AI tool to root out abusive messages in transaction fields

Commonwealth Bank of Australia is implementing artificial intelligence technology and machine learning techniques to detect serial abusive behaviour in transaction descriptions within the CommBank App and Netbank.

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Westpac extends digital gambling block feature

Westpac has extended its digital gambling block feature to two million debit card customers of its St George, BankSA and Bank of Melbourne subsidiaries.

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Australian fintechs rail against ‘de-banking’ practices

During a Senate inquiry into “Australia as a Technology and Finance Centre” representatives from three fintech firms criticised Australian banks for their ‘de-banking’ practices, which tend to hit those involved in the crypto sector particularly hard.

/retail

Westpac rolls back offshore outsourcing for customer facing contact roles

Westpac has brough over 1000 jobs back to Australia following a commitment in 2020 to roll back offshoring of customer facing contact roles.

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Afterpay launches money management app

Australian buy now, pay later firm Afterpay is diversifying through the launch of a 'money and lifestyle' app.

/retail

Aussie banks hit by internet outages

ANZ, CommBank and Westpac all faced issues with their online banking services on Thursday thanks to a problem with a DDoS mitigation tool run by cloud services provider Akamai.

/payments

Mastercard joins $25 million round in Australia's mx51

Mastercard has joined a $25 million funding round in Australian payments-as-a-service fintech mx51.

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Westpac to close 48 branches

Australia's Westpac is shutting down 48 bank branches and amalgamating others in a major reduction in its national branch network.

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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.

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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.