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.
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.
National Australia Bank, Westpac and Qantas have invested $10.5 million in Sydney-based startup Data Republic, which is aiming to build a marketplace for data exchange between major corporations.
Australian bank stand to lose up to A$13 billion in aggregated revenue to fintech startups, according to research from Frost & Sullivan.
Australia's Westpac is trialling videoconferencing technology at some branches that lets deaf and hard of hearing customers have conversations with Australian sign language (Auslan) interpreters.
Westpac has today announced the launch of Business Link, a revolutionary online supply chain management platform that allows businesses to facilitate payments and manage international suppliers, saving valuable time and freeing up cash flow.
Westpac customers can now have peace of mind if they lose or misplace their debit or credit card during the festive season with the introduction of Westpac's Card on Hold feature on mobile and internet banking.
Westpac has today launched card activation via mobile; making Westpac the first Australian bank to enable customers to activate a new debit or credit card conveniently and securely using their smartphone camera.
At its Strategy Update on 7 September 2015, Westpac announced that it plans to increase its technology investment spend over the next three years.
Westpac has today announced Wonder, revolutionary customer-centric technology that is set to change the way home buyers; home owners, upgraders, investors and renovators view the equity in their property.
© Finextra Research 2016