Displaying items by tag: Banking

Changes to the Consumer Data Right (CDR) rules will allow more businesses to share their banking data with accredited recipients.

Scammers are taking advantage of the busy shopping season and trying to relieve customers of Westpac of some of their earnings, setting up a site that looks very much like the real thing to try and lure customers into entering their credentials.

PRODUCT ANNOUNCEMENT: Ping Identity (NYSE: PING), the intelligent identity solution for the enterprise, today announced the launch of a Consumer Data Right (CDR) Integration Kit enabling Australian banks and fintech company data holders to rapidly align with CDR regulatory requirements while also simplifying data recipient functionality.

Australian consumers are happy with their banking experiences through apps, with 69% expressing satisfaction, a much higher percentage than in some other countries like the UK where the figure was 53%, according to a survey by identity management solutions provider ForgeRock.

GUEST RESEARCH by Gartner: Enterprise IT spending across all industry sectors in Australia will grow 3.6% to reach more than A$95.8 billion in 2021, following an expected 2.8% decline in 2020, according to the latest forecast by Gartner, Inc.

The APAC region Singapore-based cloud native banking technology firm Thought Machine claims there is an “innovation gap” in the Asian banking market and banks which are running on outdated core banking technology and have not upgraded to the latest core banking systems need to do so to remain competitive.

Banking group Westpac is collaborating with NBN Co and Cisco to rollout new technology in all its branches across Australia, as part of an infrastructure transformation program designed to deliver efficiencies and improve employee and customer experience.

Australian customer-owned bank Heritage Bank has announced the integration of Apple Pay on its payment platform.

The Commonwealth Bank says it is taking steps to address the issue of technology-facilitated abuse to provide a safer banking experience for customers, with the launch of a new Acceptable Use Policy following misuse of its digital banking services.

Unified communications vendor Avaya has appointed 14-year company veteran Sami Ammous to Vice President for East Asia and the Pacific, responsible for managing its operations in Australia and New Zealand, ASEAN, Japan and Korea.

VENDOR ANNOUNCEMENT: Customer Communication expert provider CoTé Software & Solutions (CoTé) have announced the launch of their Communications as a Service platform virsaic™ in North America, to offer organisations an enhanced customer experience across all channels and devices.

VENDOR ANNOUNCEMENT: Customer Communication expert provider CoTé Software & Solutions (CoTé) have announced the launch of their Communications as a Service platform virsaic™ in North America, to offer organisations an enhanced customer experience across all channels and devices.

Afterpay, Apple Pay and Google Pay are driving the adoption of new digital payment services according to a new report that shows an increasing proportion of Australians are utilising new digital payment methods such as buy-now-pay-later services, contactless mobile payments and wearable payment devices.

The ACCC has formally released the Competition and Consumer (Consumer Data Right) Rules, which it says is is a “key development” in progressing the Consumer Data Right in banking.

Neobank Xinja says it has $100 million in deposits and 15,000 customers in less than three weeks, with customers taking advantage of its new ‘Stash’ digital bank account and 2.25% savings rate.

The launch of the Consumer Data Right (CDR) in the banking sector has been delayed until July 2020.

ANZ Banking Group customers are the target of the most recent email phishing scam being blocked by security vendor MailGuard team.

Australian software consultancy ThoughtWorks has appointed banking industry veteran Vic Wolff as its new director of financial services.

The advent of new technologies is rapidly disrupting the value chain of all sectors, and companies are increasingly forming partnerships with start-ups to better serve their customers, according to one global research and analyst firm.

National Australia Bank has launched a new digitised receipt product which it says allows customers to easily digitise any paper receipt, through the NAB Mobile App.