banks - News, Features, and Slideshows

News

• Investing in compliance is an investment in innovation

  The Westpac crisis - and echoes of non-compliance in financial institutions prior - is rooted in a legacy problem.

• Westpac prepares to launch ‘banking as a service’ platform

  Westpac plans to launch a standalone cloud-based digital ‘banking as a service’ platform that will allow third parties, such as Westpac’s institutional clients and fintechs, to offer the bank’s products to their customers.

• Infosys given deadline for handing over source code in Qudos case

  Infosys has been given until 3 September to hand over a range of source code to Qudos Bank as part of an intellectual property case currently before the Federal Court.

• Westpac CEO says tech investment has slashed outages

  Westpac experienced zero Severity 1 IT incidents in the second half of FY18 and the first half of FY19, which group CEO Brian Hartzer says reflects the bank’s technology investment program​.

• NAB accelerates cloud migration

  NAB has continued to slash its legacy application footprint and migrate systems to the cloud.

• Finance CIOs must review security controls now

  Tech chiefs working in financial services must immediately assess their current security controls to ensure they comply with cybersecurity requirements set out by the Australian Prudential Regulation Authority (APRA), says NCC Group's Joss Howard.​

• Bank of Sydney hunts for CTO

  The Bank of Sydney is on the hunt for a chief technology officer. The new CTO will be reporting to the bank’s CFO and will be responsible for leading and driving tech strategy.

• How Salesforce is helping deliver National Australia Bank’s ‘One NAB’ vision

  Last week marked a key milestone for a National Australia Bank push to modernise and rationalise its CRM landscape – a strategy underpinned by Salesforce’s cloud-based CRM system. After modest beginnings last year, NAB has finished migrating all of its small business bankers to Salesforce.

• APRA issues new cyber security standard for banks

  The boards of banks and other entities regulated by the Australian Prudential Regulation Authority are ultimately responsible for an organisation’s information security, states a new standard released today by APRA.

• Cloud helps Westpac reduce app rollout from weeks to hours

  Westpac spent FY18 progressively migrating apps to its new private cloud environment, which the bank said was helping reduce app installation from weeks to hours.

• ANZ slashes application footprint, continues Agile push

  In FY18 ANZ decommissioned 264 applications as part of the bank’s broader simplification push.

• NAB’s UBank rolls out personal finance management app

  NAB’s digital banking brand UBank has launched a fitness tracker inspired, in-app tool to help users save and spend within their budget.

• Open banking means keeping up with fintechs

  The Australian government is introducing ‘open banking’ to give citizens what it says is greater access to and control over their banking data.

• Hackers stole millions from Russian banks with Cobalt Strike

  Hackers stole more than 1 billion roubles (US$17 million) from Russian banks using the Cobalt Strike security-testing tool in 2017, a central bank official has revealed.

• NAB seeks to boost tech workforce

  NAB has announced it will “immediately hire” 600 specialists in the fields of software engineering, data, architecture and security.