Tag: Banking
The Korea-Africa Economic Cooperation partnership, known as KOAFEC, is placing artificial intelligence and digital infrastructure at the centre of its agenda as the two-decade-old platform prepares for its 8th …
For a bank, blockchain infrastructure is the technology and operational framework that connects its existing systems to blockchain networks, providing the tools required to hold, move, monitor, convert, and …
Westpac has signed on as part of the inaugural enterprise partner group for the Buy Australian AI Partnership, a new initiative aimed at connecting homegrown AI startups with financial …
A survey of more than 400 financial industry executives across more than 30 countries has found that mutual banks and credit unions globally are prioritising member trust and system …
Bitcoin is hovering around US$63,600 with sentiment stuck firmly in fear territory, as geopolitical tensions, regulatory uncertainty and a wave of exchange closures reshape the cryptocurrency landscape. The flagship …
Bank of Sydney has gone live on the Infosys Finacle Digital Banking Suite, delivered as Software-as-a-Service on Amazon Web Services, completing a core banking transformation designed to support the …
Australia’s investment banking sector generated an estimated US$1.5 billion in fees during the first half of 2026, representing a 5.8 per cent increase compared with the same period last …
Melbourne-based regulatory compliance company HCPA has expanded into the United States, opening an office in Austin, Texas, as a first step in an international growth plan. The company, founded …
Customer-owned banking group NGM Group has staged Newcastle’s first large-scale AI hackathon, bringing together more than 200 employees, technology partners and university students to build solutions for three local …
ACI Worldwide and Security Bank Corporation have taken out the “Best Payment Technology Initiative in Asia Pacific” at The Asian Banker Global Financial Technology Innovation Awards 2026, following a …
The Australian Prudential Regulation Authority’s (APRA) warning to regulated entities is timely, but the findings it describes will not surprise those who have been watching the security posture of …
Tencent Cloud has partnered with Malaysian digital bank Ryt Bank to provide the real-time communication infrastructure behind its AI-powered conversational banking platform. Ryt Bank is using Tencent Cloud Chat …
An estimated 4.7 million Australians could be eligible for refunds on junk insurance products sold alongside loans and credit products dating back to 2010, according to claims management firm …
Non-bank lender Moneytech is pushing the federal government to open its $1 billion Economic Resilience Program to lenders beyond the major banks, arguing the current delivery model risks leaving …
Commonwealth Bank has deployed an agentic AI system designed to detect emerging fraud and scam patterns in transaction and payments data and automatically generate the rules needed to help …
A global study of more than 15,000 respondents has found that while 93 per cent of IT leaders are deploying generative AI, consumer trust in how companies handle data …
One in three Australians now owns cryptocurrency, according to the latest Independent Reserve Cryptocurrency Index (IRCI), marking a record level of adoption even as tensions between crypto investors and …
All four of Australia’s major banks have signed on to Swift’s new retail payments framework, in a move that promises to reshape how consumers and small businesses send money …
Wages growth in Australia remained stable in early 2026, with Commonwealth Bank internal data showing a 0.7 per cent rise over the three months to February and annual growth …
PayID stands out as a practical tool from Australia’s New Payment Platform (NPP). It links everyday identifiers like phone numbers or email addresses directly to bank accounts. Customers enter …
The Commonwealth Bank will increase interest rates on a range of variable-rate business loans after the Reserve Bank of Australia lifted the official cash rate by 0.25 per cent. …
Interpolitan Money has reported record growth across 2025, driven by accelerating demand for cross-border capital solutions and a sharp increase in transaction volumes. The firm saw a 30 per …
Fee Growth Driven By Debt And Equity Activity While Outbound Deals Fall Investment banks operating in Australia collected $3 billion in fees during 2025, up 9 per cent year-on-year, …
Macquarie Bank has created a new role that will broaden its use of data and Ai across digital banking. The bank announced the appointment of Ashwin Sinha (pictured) as …
Generative Ai is revolutionising banking, finance and insurance and only those who modernise fast will lead the charge. The pace of innovation in the financial services sector has been …
For decades, finance was defined by regulations, forms and compliance-heavy processes. But the rise of digital banking shifted the battlefield. Customers no longer evaluate a financial institution by marble …
The Commonwealth Bank of Australia (CBA) says customer scam losses have fallen by 76 per cent since their peak in early 2023, with the bank crediting sustained investment in …
Media.com will sponsor the Australian Banking Association’s Annual Banking Conference this week, promoting a social networking model focused on user verification and digital safety. The company, which brands itself …
Australia’s banking and insurance sectors are no strangers to digital transformation. In recent years, cloud modernisation has become a core priority not just for technology teams but across the …
Commonwealth Bank is rolling out a new anti-scam measure known as Confirmation of Payee (CoP), a name-checking tool developed to prevent mistaken payments and reduce fraud across Australia’s banking …
Using disjointed ICT systems to manage SMEs as they grow can be a major mistake. Does your institution sort its business customers according to size and maintain separate divisions …
CommBank has partnered with Australian cyber-intelligence outfit Apate.ai in a move it says will change how scams are detected and disrupted in real time. The collaboration is centred around …
Australians are spending and living more globally than ever, yet many continue to rely on outdated banking practices when it comes to managing money overseas. New research from Wise …
Independent Reserve Report Highlights Growth In Digital Assets Australia’s cryptocurrency adoption has reached record levels, with 32.5 per cent of Australians currently owning or having owned digital assets, according …
Swiss bank integrates Ai-driven solutions to streamline operations MongoDB has partnered with Lombard Odier to modernise its banking technology, integrating Ai-driven tools to enhance services and streamline operations. The …
At Zeller, we support payments and financial technology transformation across businesses at all stages — from micro to enterprise, and everything in between. We’re equally excited about what we …
Wise, a payments app known for facilitating international transactions, has been granted an Australian Financial Services Licence for Investments (AFSL) by the Australian Securities and Investments Commission (ASIC). This …
The Council of Small Business Organisations Australia (COSBOA) is calling on the Australian Competition and Consumer Commission (ACCC) to take stronger action following the release of the ACCC’s report …
July marked two years since the launch of the Consumer Data Right scheme (CDR) which mandated the sharing of data generated by businesses. The CDR gives consumers the power …
In a move to revolutionise the banking sector, Yondr, the emerging Australian payment and loyalty platform, is integrating Microsoft’s artificial intelligence (AI) into its operations. The incorporation of AI …
Scammers are increasingly using generative AI technology to perpetrate their schemes, and there are mounting concerns about how this could worsen the scam pandemic. In 2020, scammers used generative …
Australia’s customer-owned (also known as mutual) banks are incredibly diverse and powerful, with more than 60 mutual banks and credit unions servicing over five million customers. Despite the sector’s …
