Financial Services

Banks, fintechs back Australian payments overhaul

Banks, fintechs back Australian payments overhaul

As government outlines roadmap for a more modern payment system.
Kate Weber Jun 7 2023 1:14PM Financial Services
Commonwealth Bank cops $3.5 million fine for 65 million spam emails

Commonwealth Bank cops $3.5 million fine for 65 million spam emails

Sent over a year.
Jeremy Nadel Jun 7 2023 6:16AM Financial Services
US sues Binance and founder Zhao over 'web of deception'

US sues Binance and founder Zhao over 'web of deception'

Exchange calls action "limited in reach".
Hannah Lang, Jonathan Stempel and Tom Wilson Jun 6 2023 11:55AM Financial Services
ASX hasn't given up on blockchain

ASX hasn't given up on blockchain

One of four options still on the table for CHESS replacement.
Ry Crozier Jun 6 2023 11:35AM Financial Services
ASX to "stress test" its CHESS core system in December

ASX to "stress test" its CHESS core system in December

Will push past processing 10 million daily transactions to see what breaks.
Kate Weber , Ry Crozier Jun 5 2023 1:47PM Financial Services
RBA sees "potential" in stablecoins and CBDCs

RBA sees "potential" in stablecoins and CBDCs

Takes notes of risks and foreign bank data collection.
Kate Weber Jun 5 2023 1:44PM Financial Services
BHP calls in Protiviti for payroll system review

BHP calls in Protiviti for payroll system review

After leave deduction errors impacting 28,500 staff.
Kate Weber Jun 1 2023 11:56AM Software
ANZ appoints Maria Milosavljevic as next CISO

ANZ appoints Maria Milosavljevic as next CISO

Taking over from Lynwen Connick.
Jeremy Nadel Jun 1 2023 11:35AM Security
Westpac sees 46 percent productivity gain from AI coding experiment

Westpac sees 46 percent productivity gain from AI coding experiment

With no reduction in quality.
Kate Weber Jun 1 2023 7:04AM Financial Services
CBA offers NameCheck service to government, payments processors

CBA offers NameCheck service to government, payments processors

Says tool has so far stopped $11m in mistaken payments from going through.
Ry Crozier May 30 2023 11:51AM Financial Services
ANZ taps generative AI for code testing

ANZ taps generative AI for code testing

"Formally sanctioned" team to explore more use cases.
Kate Weber May 30 2023 6:43AM Financial Services
Consumer data right expansion paused

Consumer data right expansion paused

For telecommunications, insurance and superannuation sectors.
Ry Crozier May 30 2023 6:24AM Financial Services
Alex Bank knows how to stay successful

Alex Bank knows how to stay successful

Podcast: "We don't put our eyes on other people".
Kate Weber May 29 2023 6:30AM Financial Services
Latitude Financial counts the cost of cyber attack

Latitude Financial counts the cost of cyber attack

Makes provision for ongoing remediation efforts.
Ry Crozier May 26 2023 12:39PM Financial Services
CBA brings CommSec into its banking app

CBA brings CommSec into its banking app

Also launches CommBank Gen.ai studio for safe LLM experimentation.
Kate Weber May 24 2023 1:19PM Financial Services
ASX ends its CIO search

ASX ends its CIO search

After re-establishing the role in late March.
Kate Weber May 23 2023 3:14PM Strategy
Potentia walks away from offer for Australia's Tyro Payments

Potentia walks away from offer for Australia's Tyro Payments

After due diligence and "extensive negotiation".
Scott Murdoch and Himanshi Akhand May 22 2023 12:18PM Financial Services
'Legacy IT' factors into MLC Life Insurance's $10 million fine

'Legacy IT' factors into MLC Life Insurance's $10 million fine

"Poor systems" partly blamed for benefits not being paid out.
Kate Weber May 22 2023 6:49AM Financial Services
ANZ details Google Cloud-based risk reporting system

ANZ details Google Cloud-based risk reporting system

Adopts dbt to aid transformation and lineage tracking.
Ry Crozier May 18 2023 11:58AM Financial Services
Westpac's low-code push delivers 300 automations

Westpac's low-code push delivers 300 automations

Provides visibility into business- and team-level challenges.
Kate Weber May 18 2023 6:31AM Financial Services

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