Westpac

302 results about this entity

Period: 26 Nov 2004 - 21 Nov 2024

Apple Pay arrives for St.George, BankSA and Bank of Melbourne customers

Apple Pay is now available for St.George, BankSA and Bank of Melbourne customers with an eligible Visa debit or credit card.

/regulation

Westpac to increase its operational risk capital requirement by $500 million as AML review bites

Westpac Group acknowledges the APRA announcement in response to AUSTRAC's Statement of Claim and is committed to cooperating with APRA in all aspects of its investigation and review.

Westpac hires Promontory to run AML review

Westpac has hired IBM subsidiary Promontory to undertake an independent review into the failings that led to the bank breaching AML/CTF laws on over 23 million occasions.

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 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 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.

/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 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 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 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 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

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.