Merchants being blocked are exclusively registered overseas. In a move to stamp-out scam purchases and protect customers, Westpac has announced it has started automatically blocking suspect online transactions from overseas retailers deemed high-risk of being a scam. When customers make an online card payment and a scam is detected, the…
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The partnership includes increased investment in Microsoft’s cloud computing service. Westpac has today announced a five-year strategic partnership with Microsoft to help drive the bank’s digital and hybrid multi-cloud strategy. The partnership includes increased investment in Microsoft’s cloud computing service, Azure, which will help Westpac continue to modernise its technology…
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Lifestyle changes driven by COVID requires new hiring models. In a recent interview with Westpac Banks’ internal magazine, Paul Bari CIO Consumer and Business said, he would look to “press go on an “experiment” to create a new “hub” of software engineers for the bank on Queensland’s Gold Coast”. In…
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Receives ACCC approval. Westpac Bank ACCC has approved Westpac as an Accredited Data Recipient under the Consumer Data Right. The Australian Government introduced Consumer Data Right (CDR) in Australia. CDR will give consumers greater access to and control over their data and will improve consumers’ ability to compare and switch between…
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Australian bank implements technology to stop against abusive messages sent via payment transactions Westpac has taken measures to make digital banking safer for customers, including giving customers the ability to report abusive messages via online and mobile banking, and blocking inappropriate language from outgoing payments. The changes have been introduced…
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What should CIOs be aware of? Business leaders in the Asia Pacific believe fast decision making and digital transformation have been key to surviving and thriving during the COVID-19 pandemic, according to new research by Westpac and the Economist Intelligence Unit. The newly released report “The Asia Pacific CEO Survey:…
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Helping businesses with A$50M turnover to move forward with technology. Australia’s Westpac Bank has announced it will accept applications for new and existing eligible customers for equipment finance goods loans, as part of phase two of the Federal Government’s Coronavirus SME Guarantee Loan Scheme.This comes as new research from the…
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12 months after first announcement, bank signs first digital deal. Westpac Group has signed Afterpay as the first partner on its new digital banking platform. The digital bank-as-a-service platform uses cloud-native technology from 10x Future Technologies and allows Westpac to work with leading companies to offer convenient and innovative banking…
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Hires former Bank of Montreal CIO to run the new division. One of Australia’s big four banks Westpac has created a new group operating office, bringing together group operations and group technology, and has appointed Scott Collary to lead this division as chief operating officer (COO). Collary joins Westpac from…
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