National Australia Bank (NAB)

311 results about this entity

Period: 06 Jul 2004 - 24 Jul 2024

/regulation

NAB fined $1.4 million for unlawful fees

National Australia Bank (NAB) has been fined $1.4 million ($2.1 million AUD) by the Australian Federal Court for charging customers periodic payments fees without a right to do so.

/sustainable

NAB crafts bank-wide climate training programme

NAB is developing a bank-wide climate training program in partnership with the Melbourne Business School (MBS) to increase climate capability in support of the bank’s approach to supporting emissions reduction and aligning with pathways to net-zero.

/retail

NAB supplier jailed over $19 million fraud scheme

The chief executive of a supplier to National Australia Bank has recieved a minimum eight-year jail sentence after being found guilty of multiple charges of fraud and bribery

/security

NAB’s scam alerts prompt customers to stop $270 million in payments

NAB has intervened in more than $270 million worth of customer payments which raised scam concerns in the four months between March and July, according to new insights.

/retail

NAB completes transfer of 86 400 customers to Ubank technology platform

Ubank – NAB’s digital only bank – has reached a major milestone, celebrating its first birthday since launching its new brand in market and the completion of its migration onto new technology to improve customer experience.

/security

NAB removes links in text messages as part of fraud remediation efforts

In an Australian banking first, NAB is stopping the use of links in unexpected texts to customers in a major crack down to reduce the impact of scams and fraud.

/retail

NAB launches Stem work experience program

NAB is looking to future proof Australia’s STEM industry by launching its first dedicated work experience program.

/security

Spike in scams prompts NAB warning to Aussies selling items online

Australians selling unwanted or used items on Facebook Marketplace, Gumtree and other online websites are being urged to remain vigilant as new data reveals a spike in scams.

/security

NAB introduces payment prompts to protect customers from fraud

NAB has today started introducing more proactive prompts to digital banking to help customers identify potential scams and to make sure money is going to the right recipient when they’re making a payment.

/crypto

NAB completes cross-border multicurrrency stablecoin pilot

NAB has completed an intra-bank cross-border transaction using its own minted stablecoin.

/retail

NatWest and NAB compare UK and Oz open banking regimes

Australia should consider a purpose-built open banking implementation entity modelled on the UK's OBIE to ensure effective collaboration between the industry and regulators, according to a white paper from NatWest and NAB.

/payments

NAB Ventures leads DataMesh funding round

NAB Ventures has led a $30m Series A round in payments software and data analytics business, DataMesh Group, and is partnering with DataMesh to help transform the point-of-sale user experience for NAB business customers.