Westpac

291 results about this entity

Period: 26 Nov 2004 - 02 May 2024

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Westpac puts Alastair Welsh in charge of enteprise services division

Westpac Group today announced that Alastair Welsh has been appointed Acting Group Executive Enterprise Services while Gary Thursby acts in the role of Chief Financial Officer.

Westpac chief Hartzer quits over money laundering scandal

Westpac chief Hartzer quits over money laundering scandal

Westpac CEO Brian Hartzer has resigned and chairman Lindsay Maxsted has announced his early retirement in the wake of a money laundering scandal that is threatening to engulf the Australian bank.

Westpac to rebuild financial crime tools and double compliance staff

Westpac to rebuild financial crime tools and double compliance staff

Westpac has pledged to consolidate its disparate anti-money laundering systems into a single, group-wide, database, and to double the number of people in its financial crime unit, in response to regulatory accusations that it contravened AML/CTF laws on over 23 million occasions.

Westpac faces hefty fines for breaching anti-money laundering rules

/regulation

Westpac faces hefty fines for breaching anti-money laundering rules

Westpac could face unprecedented civil penalties, having been accused of contravening AML/CTF laws on over 23 million occasions by Australia’s anti money-laundering and terrorism financing regulator, Austrac.

Westpac taps Microsoft Azure for new customer experience platform

Westpac taps Microsoft Azure for new customer experience platform

Westpac has built a new cloud-based platform with Microsoft which draws on data sources from across the bank to provide real-time, personalised services to customers.

Westpac wants your next bank manager to be a robot

Westpac wants your next bank manager to be a robot

Westpac CEO Brian Hartzer says the bank wants to recreate the personal touch of the old-time bank manager by using artificial intelligence technology to pander to each customer's particular needs.

Westpac to move into banking-as-a-service with investment in 10x Future Technologies

Westpac to move into banking-as-a-service with investment in 10x Future Technologies

Westpac is to make a minority investment in 10x Future Technologies as it preps a new digital bank that will operate a 'bank-as-a-service' model.

FinextraTV @ Sibos2019 – The Big Themes #2: Leveraging Data

FinextraTV @ Sibos2019 – The Big Themes #2: Leveraging Data

FinextraTV reports from Sibos 2019 in London on how the industry is Leveraging Data. In this, second of three Sibos reports, we learn about how Banks are increasingly looking to develop a more formal strategy to better manage their data, the challenges leveraging data helps overcome and some of the new and improved services that are coming to market as a result. Barclays, LLoyds, BAML, Natwest, SEB, DBS Bank, Westpac, JPMorgan, Standard Chartered, Société Générale, Nordea, ING, Emirates NBD, and Absa are among the many leading institutions to share their views exclusively with Finextra Research. Become a Finextra member now and be sure not to miss: Sibos2019 Big Themes: Regulation…

NAB and Westpac invest in open banking startup Basiq

NAB and Westpac invest in open banking startup Basiq

Australian open banking platform Basiq has closed a Series A funding round joined by NAB Ventures, Salesforce Ventures and Westpac’s Reinventure. The size of the round was not disclosed.

ANZ, NAB and Westpac-backed Reinventure invest in digital receipt startup Slyp

ANZ, NAB and Westpac-backed Reinventure invest in digital receipt startup Slyp

Three of Australia's biggest banks have contributed to a $4 million investment round in smart receipt start-up, Slyp.

Westpac sets aside $50,000 for 2019 Innovation Challenge winner

Westpac sets aside $50,000 for 2019 Innovation Challenge winner

Westpac has set up a $50,000 prize pot to tempt startups to enter its 2019 Innovation Challenge, which this year is focusing on a new wave of data-driven initiatives based on the recent passage of Consumer Data Right legislation.

/cloud

Westpac debuts cloud-based procurement via Coupa

Westpac has delivered an Australian first in e-procurement, by partnering with Coupa (NASDAQ: COUP), a leader in Business Spend Management (BSM), to help businesses more efficiently manage their spending within a comprehensive cloud platform.

/security

Westpac to run Scam Awareness seminars

New research released today highlights that scams are costing the nation more than money, with Australians revealing being scammed took a toll on their time, emotions and relationships.

Oz lenders and IBM team on bank guarantee blockchain platform

Oz lenders and IBM team on bank guarantee blockchain platform

ANZ, Commonwealth Bank and Westpac are joining forces with IBM and shopping centre giant Scentre Group to pilot a blockchain-based platform for managing bank guarantees.

Westpac embraces the start of Open Banking

Westpac Group has welcomed the first stage of open banking in Australia by today launching generic product data as part of the Federal Government’s pilot program.

Discussing AI and Human Capital

Discussing AI and Human Capital

Karan Jain, Head of Technology Europe and Americas, Westpac, speaks at NextGenBanking London, The AI Revolution, about how disruptive AI going to be across financial services, whether banks are suitably positioned to exploit AI and how AI impacts the skills of people and business models.

Westpac switches on AI chatbot as productivity pressures mount

Westpac switches on AI chatbot as productivity pressures mount

Westpac is introducing a new AI-powered chatbot to its 4.6 million digital customers as part of a programme to raise productivity and cut costs in the face of a challenging business environment.

Combining the Westpac's brand with fintech capabilities

Combining the Westpac's brand with fintech capabilities

Di Challenor, General manager, Global Transaction Services, Westpac, speaks at Money20/20 ASIA in Singapore about how Westpac is responding to the rapid level of changes in banking, their digital transformation journey, the strategy behind this and how this distinguish their services from those of others.

Accelerating startups through partnering strategy and investment

/startups

Accelerating startups through partnering strategy and investment

Macgregor Duncan, Chief Development Officer, Westpac , speaks at Money20/20 ASIA in Singapore about the biggest hurdles Fintech’s experience when attempting to grow, Westpac’s involvement in this space and how their global partnering strategy and investment into fintechs has helped many start-ups accelerate.

Westpac replaces all incentives for tellers with pay rise

In an industry leading move, Westpac Group is making changes to the incentives and fixed pay for its frontline tellers to help deliver an exceptional service to customers.

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