Westpac - News, Features, and Slideshows

News

• Banks encumbered with IT legacy, compliance: Experts

  Australian banks need to upgrade IT infrastructure and data gathering skills if they want to compete with new players such as Google, according to financial IT consultants.
  

• Signs good for Australian economy in 2012

  Australian economic growth is showing early indications of swinging from well below trend in 2011 to above trend in early 2012, but Westpac (ASX:WBC) cautions it is too early to be sure

• Tech Ed 2011: Westpac debunks Cloud myths for banks

  Westpac has moved to dispel a number of common myths associated with banks using Cloud services, following its own recent journey to the Cloud.

• Westpac posts cash earnings decline

  Westpac (ASX:WBC) reported a 2% dip in cash earnings for Q3, as it dealt with cautious consumers and weaker markets

• Westpac glitch causes payment delays

  Westpac has warned customers that an IT glitch overnight has caused delays in some of its payments to and from other banks.
  

• Consumer confidence sinks in July

  Australian consumer confidence is still shaken, falling 8.3% in July to the lowest point since May 2009, research shows

• Retail turnover falls 0.6% in May

  Turnover for the Australian retail sector declined by a seasonally adjusted 0.6% to $20.61b in May, according to ABS stats, as weak consumer confidence bit into sales

• Optus, SingTel sign $2.58b in credit facilities

  Optus and parent SingTel have secured credit facilities from banks including ANZ, CBA and Westpac amounting to S$3.7b ($2.58b)

• ANZ opens branch in India

  ANZ (ASX:ANZ) has opened a Mumbai branch, and appointed Subhas DeGamia as the CEO of new subsidiary ANZ India

• Westpac, ANZ staff and customers to get new RSA security tokens

  Westpac and ANZ have confirmed they are initiating a token replacement program as a result of the recent RSA security token hack.

• CeBIT 2011: Cloud computing 'like ordering a pizza'

  IT industry professionals, analysts and vendors all have their unique ideas when it comes to describing what Cloud computing means, but according to one infrastructure leader it’s just like ordering a pizza.

• Application delivery the reason for Cloud: Westpac

  Cloud computing definitions vary greatly, but according to Westpac Banking Group's head of engineering, it exists merely for the delivery of applications
  

• Westpac enables mobile banking on Android and Blackberry

  Westpac has stepped up its mobile banking capabilities, enabling customers with Blackberry and Android-based smartphones to access its banking services.

• Westpac promises review into outage

  Westpac has restored its online banking service following a prolonged outage, caused by an air-conditioning fault at a data centre. The bank’s group executive for retail and business banking, Rob Coombe, has also apologised to customers, promising a review of the events that caused the system failures.

• Updated: Westpac air con causes IT meltdown

  Australian bank Westpac has suffered an IT meltdown overnight following an air conditioning fault at one of the bank’s data centres.