Westpac launches tech overhaul 28 March 2024 3:44AM Latest news John Kavanagh Westpac has launched an ambitious upgrade of its technology simplification program in a bid to improve customer outcomes and bring its cost-to-income ratio down to the level of its better performing b.. read more
ATO warns business on POS sales suppression tools 15 March 2024 5:10AM Latest news John Kavanagh The Australian Taxation Office has conducted raids on business suspected of using, manufacturing or supplying electronic sales suppression tools to avoid paying tax, and it has issued a warning to bus.. read more
Briefs: CBA commits to AI development, new AFIA chair, RentPay offers more payment options 12 March 2024 5:04AM Latest news John Kavanagh Commonwealth Bank has extended its partnership with Microsoft to further ongoing cyber security initiatives and develop generative AI applications. read more
Cash rescues retailers from protracted ANZ Worldline outage 22 February 2024 6:08AM Latest news George Lekakis Thousands of retailers and professional service providers across the country were unable to accept card payments on Wednesday after a telecommunications outage paralysed merchant terminals operated by.. read more
Afterpay promises to reverse late fees after system malfunction 21 February 2024 6:04AM Latest news George Lekakis, John Kavanagh Afterpay customers have been hit with late fee notifications after a systems failure resulted in direct debit transactions not being processed by the company. read more
ARNECC names the day for interoperability 02 February 2024 5:06AM Latest news John Kavanagh Electronic lodgement network operators PEXA and Sympli have been given a starting date of December 2025 for full interoperability of their e-conveyancing services. read more
Lenders not picking up early signs of financial stress 31 January 2024 5:19AM Latest news John Kavanagh More than half of Australian lenders can only identify customers facing financial stress when payments are missed, and few lenders have data analysis tools sophisticated enough to identify stressed cu.. read more
CBA tries to rein in liability for customer losses triggered by digital outages 14 December 2023 4:28AM Latest news George Lekakis Commonwealth Bank has handed itself an early Christmas present that could potentially shield it against expensive compensation claims from business customers who suffer financial losses during banking.. read more
Briefs: Up launches money management tool, AFG prepares for broker consolidation 06 December 2023 5:21AM Latest news Banking Day staff Bendigo and Adelaide Bank’s youth-focused digital brand Up has launched a money management tool promising to help consumers get their finances under control by automating bill payments and savings pla.. read more
AP+ to lead phased development of confirmation of payee 04 December 2023 5:58AM Latest news John Kavanagh Following the announcement that banks will develop a confirmation of payee system as the priority project for the industry’s new Scam-Safe Accord, Australian Payments Plus has detailed the work it wil.. read more
CBA adds new business banking verticals 30 November 2023 2:58AM Latest news John Kavanagh Commonwealth Bank is pushing into new areas of business banking specialisation, following the success of its previous moves into healthcare, hospitality and trades. read more
PEXA ramps up its opposition to interoperability 28 November 2023 5:50AM Latest news John Kavanagh Just days after a PEXA senior executive told investors that Australia’s e-conveyancing interoperability program was “complex and challenged” and should be reviewed, the company’s chief executive told.. read more
Banks to adopt confirmation of payee 27 November 2023 6:13AM Latest news John Kavanagh Banks are stepping up their efforts to protect their customers against scams, announcing the launch of a Scam-Safe Accord whose first project will be the development of a confirmation of payee system. read more
ANZ takes hybrid approach to digital home loan build 22 November 2023 5:56AM Latest news John Kavanagh ANZ’s approach to building its new ANZ Plus digital home loan, which was launched yesterday, was to look for external providers with market leading components and engineer parts of the platform itself.. read more
Novatti books a heavy loss on Reckon share sale 17 November 2023 5:27AM Latest news John Kavanaagh Payments company Novatti is selling its 19.9 per cent shareholding in accounting software company Reckon and will use the proceeds to repay debt, crystallising a significant loss on its investment in.. read more
Tiimely rebrand 15 November 2023 5:54AM Latest news John Kavanagh Lender and lending platform technology company Tic:Toc has changed its name to Tiimely, having tired of being confused with a social media platform. read more
Optus outage sidelines millions of Australians from the payments system 09 November 2023 5:51AM Latest news George Lekakis The collapse of Optus’ telecommunications network on Wednesday morning triggered waves of disruption to digital banking and customer services across the nation. read more
New research indicates bank call centres make customers wait longer 08 November 2023 4:59AM Latest news George Lekakis A new research program is set to lift the lid on the comparative performance of call centres operated by Australia’s leading banks. read more
Westpac promises 'technology transformation' 07 November 2023 5:53AM Latest news John Kavanagh Westpac chief executive Peter King has outlined an ambitious technology investment program for the next couple of years, as the bank looks to move on from years focusing on risk management fixes, cust.. read more
Briefs: CBA launches Instalpay, Butn renews funding, Westpac upgrades app 02 November 2023 5:28AM Latest news Banking Day staff Commonwealth Bank has launched an interest free finance product for solar panel and battery systems. read more