299 results about this entity
Period: 26 Nov 2004 - 16 Sep 2024
News/crime
Australian bank Westpac has become the latest institution to fall foul of anti-money laundering rules after it was slapped with a record fine of A$1.3bn ($0.9bn) by the Australian regulator.
24 September 2020
News/payments
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.
01 September 2020
Company announcement
Westpac Group has today announced that it has entered into an agreement for the sale of its Vendor Finance business to Angle Finance, a portfolio company of Cerberus Capital Management, L.P.
21 August 2020
News/security
Westpac is implementing new scam-detection technology across its branch network to protect against a spike in fraudulent transactions since the start of the Covid-19 pandemic.
10 August 2020
Westpac chief executive Peter King has made the third executive hire in as many weeks, appointing seasoned executive Scott Collary to lead a newly created Group Operating Office which brings together operations and technology.
05 August 2020
Company announcement/payments
Westpac Group has today announced it will proactively contact merchant customers to activate Merchant Choice Routing (MCR) – also called least cost routing - who we think will benefit from the switch based on their current usage.
News/retail
Westpac is moving 1000 overseas call centre jobs back to Australia after admitting that it has failed to keep up with a surge in demand during the Covid-19 pandemic.
29 July 2020
News/people
Australian bank Westpac has appointed former ANZ technology chief Scott Collary to lead the consolidation of its technology and operations division.
28 July 2020
News/cloud
Westpac is rolling out fibre optic network technology across all of its branches in an initiative to boost download speeds for customers and improve video-conferencing connectivity.
15 July 2020
Even as it begins to gradually bring employees back to offices, Westpac says that the Covid-19 pandemic will lead to a long-term shift to working from home.
17 June 2020
Westpac is facing further allegations about child abuse links relating to the anti-money laundering scandal that rocked the Australian bank late last year.
12 June 2020
News/regulation
Australian bank Westpac has blamed the failure of its anti money laundering (AML) processes on a mixture of technology and human error rather than any intentional wrongdoing, according to a report commissioned by the bank's former chairman Lindsay Maxsted.
04 June 2020
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