Westpac lastest bank to be accredited under CDR

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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Westpac strengthens digital products against abusers

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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Westpac Bank brings out financial package for SMEs with tech needs

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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Westpac recruits Afterpay as its first digital-as-service platform

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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Westpac consolidates tech and operations under one office

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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