National Australia Bank (NAB) - News, Articles & Research

NAB buys health claim payments platform LanternPay

Australian bank NAB has agreed to buy digital health claim payments technology business LanternPay from fintech InLoop. Financial terms were not disclosed.

19 January 2022

News/crypto

RBA reports back on CBDC/DLT loan syndication project

A collaborative research project into the use of distributed ledger technology in CBDC loan syndication conducted by the Reserve Bank of Australia in association with Commonwealth Bank, National Australia Bank, Perpetual and ConsenSys Software has demonstrated the potential for significant efficiency gains for businerss customers and market participants.

13 December 2021

News/startups

Open finance challenge winners unveiled

An Australian startup working to green the housing market has won a global open finance challenge run by NAB, CIBC, Itaú Unibanco and NatWest.

23 November 2021

News/retail

NAB relaunches digital SME lending service

Australia's NAB is revamping its QuickBiz digital service to offer small business customers the chance to access up to $250,000 with cash available in their account within 20 minutes.

12 November 2021

Company announcement/markets

NAB to submit and maintain settlement and account data on DTTC Alert

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that National Australia Bank Asset Servicing (NAS) has agreed to submit and maintain Standing Settlement Instructions (SSIs) directly via its ALERT service, the industry’s largest and most compliant web-based global database for the maintenance and communication of account and SSI data.

19 October 2021

Company announcement/security

NAB welcomes Government's ransomware action plan

NAB has welcomed the release of the 2021 Ransomware Action Plan by the Australian Government today.

13 October 2021

News/payments

Eftpos signs up banks, fintechs and merchants for eQR roll out

Eftpos Australia has signed up Commonwealth Bank, National Australia Bank, Coles, Woolworths, Azupay, Beem It and Merchant Warrior to support the rollout of its new QR payments platform, eQR.

13 October 2021

Company announcement/retail

NAB becomes accredited data recipient under Australian Open Banking rules

“We’re pleased our submission to become an Accredited Data Recipient under the Consumer Data Right has been approved by the ACCC.”

16 September 2021

Company announcement/sustainable

NAB extends offering of ESG derivatives to Australian business

NAB today launched specialist derivative products tied to environmental, social and governance (ESG) targets.

31 August 2021

News/cloud

NAB, CIBC, Itaú Unibanco and NatWest launch open finance challenge

NAB, CIBC, Itaú Unibanco and NatWest Group have joined forces with Amazon Web Services to run a global open finance challenge, inviting fintechs, universities and other large organisations to prototype and develop new digital banking services.

16 August 2021

News/payments

NAB to buy Citi's Australian consumer business for $1.2 billion

NAB is to buy Citigroup's Australian consumer operations for $1.2 billion in a deal that will double the lender's credit card business.

09 August 2021

News/startups

NAB Ventures leads $35 million round in family finance app Spriggy

NAB Ventures has led a $35 million round in family-focused financial startup Spriggy.

28 July 2021

News/retail

NAB invests A$160m in branch revamp

Despite the rise of digital channels during the pandemic, National Australia Bank is pumping more than A$160 million into a tech-heavy branch transformation programme.

13 July 2021

News/sustainable

Banks launch carbon marketplace

NatWest, CIBC, ITAU and NAB have joined forces to create a blockchain-based marketplace where firms can buy and sell carbon offsets.

12 July 2021

Company announcement/regulation

Austrac identifies AML compliance shortcomings at NAB

National Australia Bank Limited (NAB) has been informed by AUSTRAC it has identified serious concerns with NAB’s compliance with the Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) Act 2006 and the Anti-Money Laundering and Counter-Terrorism Financing Rules 2007.

07 June 2021

Company announcement/retail

NAB wins Federal Court approval for 86 400 takeover

National Australia Bank Limited (NAB) is pleased to note that the Federal Court of Australia has made orders approving the scheme of arrangement (Scheme) under which NAB will acquire the remaining share capital in 86 400 Holdings Ltd, the holding company of Australian neobank, 86 400 (86 400).

11 May 2021

Company announcement/retail

NAB reflects on lessons learned from working from home

As NAB prepares to report on its 1H21 Financial Results, Chief Operating Officer Les Matheson reflects on work over the past six months to welcome colleagues back to commercial offices and transition to hybrid working.

04 May 2021

Company announcement/regulation

Competition watchdog gives the nod to NAB takeover off 86 400

National Australia Bank Limited (NAB) and UBank today welcomed the Australian Competition and Consumer Commission’s (ACCC) decision not to oppose NAB’s acquisition of Australian neobank, 86 400.

30 March 2021

News/startups

Pollinate closes $50m funding round

Pollinate, a merchant acquiring startup founded by former Monitise chief Alastair Lukies, has closed a $50 million Series C funding round led by Insight Partners and joined by NatWest, Mastercard and NAB.

19 March 2021

Company announcement/regulation

ASIC sues NAB for "unconscionable conduct and misrepresentations" over account fees

ASIC has commenced proceedings in the Federal Court against National Australia Bank Ltd (NAB), alleging that NAB charged fees for making certain periodic payments when it was not entitled to under the bank’s contracts with its customers.

25 February 2021