Westpac

302 results about this entity

Period: 26 Nov 2004 - 21 Nov 2024

/payments

Westpac sells stake in BNPL firm Zip for $337 million

Westpac has sold its stake in Australian buy now, pay later firm Zip just days after entering into a relationship with POS financing rival Afterpay.

/retail

Afterpay becomes first fintech to join Westpac's banking-as-a-service platform

Westpac has introduced local buy now, pay later player AfterPay as the first third party fintech to operate on its new banking-as-a-service platform.

/people

Former Zafin chief de Bruin to head Westpac consumer division

Westpac chief executive Peter King has firmed up his executive team with the appointment of Chris de Bruin as chief executive of the bank’s consumer division.

/crime

Westpac hit with record fine for AML breaches

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.

/payments

Oz lenders ready to roll out bank guarantee blockchain platform to general public

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.

Westpac sells Vendor Finance business

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.

/security

Westpac to send branch staff real-time scam alerts

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.

Westpac appoints COO, combines tech and operations

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.

/payments

Westpac to contact merchants about least-cost routing for card transactions

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.

/retail

Citing Covid-19, Westpac brings 1000 call centre jobs back to Australia

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.

/people

Westpac hires new IT head

Australian bank Westpac has appointed former ANZ technology chief Scott Collary to lead the consolidation of its technology and operations division.

/cloud

Westpac upgrades branch bandwidth with SD-WAN roll out

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.