Westpac

304 results about this entity

Period: 26 Nov 2004 - 24 Mar 2025

/retail

Westpac helps customers earn $21 million in interest through savings prompts

To provide greater transparency around savings interest rates, Westpac has introduced mobile phone push notifications which alert customers about how they can earn bonus interest on their savings.

/retail

Westpac extends moratorium on branch closures in the bush

Westpac is extending a moratorium on regional branch closures until at least 2027 and investing $100 million in it branch network.

/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.