Westpac

302 results about this entity

Period: 26 Nov 2004 - 21 Nov 2024

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Aussie banks hit by internet outages

ANZ, CommBank and Westpac all faced issues with their online banking services on Thursday thanks to a problem with a DDoS mitigation tool run by cloud services provider Akamai.

/people

Westpac recruits for 300 new staff in Adelaide

Westpac Group is creating more than 300 new roles in Adelaide and is encouraging South Australians to apply.

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Mastercard joins $25 million round in Australia's mx51

Mastercard has joined a $25 million funding round in Australian payments-as-a-service fintech mx51.

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Westpac launches real-time digital gambling block for customers

Westpac has introduced a new blocking mechanism in its online and mobile banking platforms which will allow customers to restrict their spend with gambling merchants.

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Westpac to close 48 branches

Australia's Westpac is shutting down 48 bank branches and amalgamating others in a major reduction in its national branch network.

Westpac combines consumer and business divisions

Westpac Banking Corporation today announced that it was bringing together the leadership of its Consumer and Business divisions into a new Consumer & Business Banking division.

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Westpac adds marketplace lender SocietyOne to banking-as-a-service platform

Marketplace lender SocietyOne is the second Australian fintech to join­­­ Westpac's new digital banking-as-a-service platform.

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Oz lenders ready to put bank guarantees on a blockchain

ANZ, Commonwealth Bank of Australia, Westpac, IBM and Scentre Group are to formally launch a blockchain-based platform that reduces the time to issue a bank guarantee from one month to one day.

/payments

Westpac clamps down on abusive messages sent via payment transactions

Westpac is introducing new tools to clamp down on the use of payment channels to send abusive and threatening messages to recipients via the description and reference fields in online banking transactions.

Small businesses adoption of online model to stay

Almost half (44%) of small to medium sized enterprises (SMEs) have changed their business model to adapt to financial disruption caused by the COVID-19 pandemic, with one in five of those embracing online trading.

/regulation

Apra takes action against Westpac over breaches of liquidity standards

The Australian Prudential Regulation Authority (APRA) has taken enforcement action against Westpac Banking Corporation (Westpac) in response to material breaches of APRA’s prudential standards on liquidity.

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Westpac rolls out customer complaint resolution system

Australian bank Westpac has enlisted IBM to help build a complaint resolution platform that is now being rolled out to more than 15,000 customer-facing employees.