Westpac

290 results about this entity

Period: 26 Nov 2004 - 19 Apr 2024

/payments

Mastercard launches virtual card app to simplify travel and business expenses

HSBC Australia and Westpac have signed on as the first banks to offer a new Mastercard app that enables virtual commercial cards to be added to digital wallets.

/retail

Westpac announces multibillion tech upgrade

Australian bank Westpac is planning to spend billions of dollars over the next four years to simplify its technology infrastructure.

/devops

How Westpac is using Generative AI to speed up software development

Westpac has trained 800 engineers on the use of generative AI tools to speed up software development.

/security

Westpac launches new detection tech to identify potential power of attorney abuse

Westpac is doubling down on its efforts to protect customers with the launch of new alerts that will help identify potential power of attorney abuse.

/wholesale

Westpac turns to Dancerace to simplify invoice finance operations

Westpac is to replace its currrent invoice finance loan system with technology from Dancerace.

/regulation

Westpac fined maximum $1.8 million for "unconscionable conduct" in swaps dealing

The Federal Court has declared Westpac Banking Corporation (Westpac) engaged in unconscionable conduct in October 2016 when executing a $12 billion interest rate swap transaction, the largest of its kind in Australian financial market history.

/retail

Westpac and nCino lead $28 million round in Rich Data Co

Westpac and nCino have led a $28 million funding round in Rich Data Co, an Australian AI decisioning platform for bank business lending.

/security

Australian banks roll out raft of scam protection measures

The Australian banking industry is ushering in a raft of reforms to keep customers safe from scammers, including a $100 million investment to build a new Confirmation of Payee system.

/payments

Westpac to acquire health payments provider HealthPoint

Westpac has entered into an agreement to acquire electronic health claims processing business, HealthPoint.

/startups

Westpac NZ invests in open finance outfit Akahu

Westpac NZ's venture capital fund has led a $1.4 million investment round in Kiwi open finance startup Akahu.

/payments

Westpac launches cloud merchant terminal app to support retail and hospitality businesses

Westpac today launched its first third party Android terminal app, Presto, as part of new cloud-based integrated payments solutions for merchant customers to help make it faster and easier to run their business.

/retail

Westpac completes branch integration project

Westpac customers can now visit any Westpac, St George, BankSA or Bank of Melbourne branch across Australia for their cash transactions following the rollout of new technology which connects our branch network across the country.

/regulation

Regulator sues Westpac over financial hardship notice response delays

An Australian regulator has taken Westpac to court, accusing the bank of failing to respond to customers that filed financial hardship notices because of a problem with its online process.

/security

Westpac rolls out new scam prevention measures

Westpac has today announced new digital payment security features to help combat scam losses.

/payments

Westpac gives customers more control over their direct debits

Westpac Group has introduced a new feature in mobile and internet banking which gives customers the ability to instantly stop certain scheduled direct debit payments.

/retail

Westpac introduces new measures to combat financial abuse

Westpac is implementing new measures to stamp out financial abuse and make banking even safer for customers.

/retail

Westpac restructures consumer, business and technology divisions

Westpac CEO Peter King today announced a restructure to support the Group’s next strategic phase.

/payments

Westpac to issue accessible cards for visually impaired

Westpac is rolling out a suite of new card designs to help make payments more accessible for blind or low vision customers.

/retail

Kasisto launches KAI-GPT banking-specific LLM

Conversational AI chatbot developer Kasisto has launched KAI-GPT, the world’s first banking-specific large language model (LLM).

/crypto

Westpac bans transfers to Binance

Westpac has banned customers from sending money to the Australian arm of Binance as part of a wider series of measures designed to tackle cryptocurrency-related scam losses.