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253 Results from "Westpac"

Westpac hit by defections of CIO and consumer banking chief

/people

Westpac hit by defections of CIO and consumer banking chief

Westpac has been rocked by the sudden departure of its consumer banking chief David Lindberg and chief informtion officer Craig Bright.

Meet Wendy, Westpac’s latest AI recruit

/retail

Meet Wendy, Westpac’s latest AI recruit

Westpac's latest AI recruit, Wendy, is capable of recognising and responding to customers' emotions as they chat onscreen through the webcam.

Westpac's Reinventure invests in Indonesia's Kredivo

/startups

Westpac's Reinventure invests in Indonesia's Kredivo

Westpac-backed venture fund Reinventure has stepped up its push into Asia’s fintech scene, joining a US$90 million funding round for the owner of Kredivo, Indonesia’s fast-growing "buy now, pay later" (BNPL) platform.

Westpac hires Promontory to run AML review

/regulation

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.

Westpac chief Hartzer quits over money laundering scandal

/regulation

Westpac chief Hartzer quits over money laundering scandal

Westpac CEO Brian Hartzer has resigned and chairman Lindsay Maxsted has announced his early retirement in the wake of a money laundering scandal that is threatening to engulf the Australian bank.

Westpac to rebuild financial crime tools and double compliance staff

/regulation

Westpac to rebuild financial crime tools and double compliance staff

Westpac has pledged to consolidate its disparate anti-money laundering systems into a single, group-wide, database, and to double the number of people in its financial crime unit, in response to regulatory accusations that it contravened AML/CTF laws on over 23 million occasions.

Westpac faces hefty fines for breaching anti-money laundering rules

/regulation

Westpac faces hefty fines for breaching anti-money laundering rules

Westpac could face unprecedented civil penalties, having been accused of contravening AML/CTF laws on over 23 million occasions by Australia’s anti money-laundering and terrorism financing regulator, Austrac.

Westpac taps Microsoft Azure for new customer experience platform

/cloud

Westpac taps Microsoft Azure for new customer experience platform

Westpac has built a new cloud-based platform with Microsoft which draws on data sources from across the bank to provide real-time, personalised services to customers.

Westpac wants your next bank manager to be a robot

/ai

Westpac wants your next bank manager to be a robot

Westpac CEO Brian Hartzer says the bank wants to recreate the personal touch of the old-time bank manager by using artificial intelligence technology to pander to each customer's particular needs.

Westpac to move into banking-as-a-service with investment in 10x Future Technologies

/retail

Westpac to move into banking-as-a-service with investment in 10x Future Technologies

Westpac is to make a minority investment in 10x Future Technologies as it preps a new digital bank that will operate a 'bank-as-a-service' model.

NAB and Westpac invest in open banking startup Basiq

/retail

NAB and Westpac invest in open banking startup Basiq

Australian open banking platform Basiq has closed a Series A funding round joined by NAB Ventures, Salesforce Ventures and Westpac’s Reinventure. The size of the round was not disclosed.

ANZ, NAB and Westpac-backed Reinventure invest in digital receipt startup Slyp

/retail

ANZ, NAB and Westpac-backed Reinventure invest in digital receipt startup Slyp

Three of Australia's biggest banks have contributed to a $4 million investment round in smart receipt start-up, Slyp.

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