Banking regulator warms to cloud computing
The head of Australia’s financial services regulator says it is taking a “more open stance on cloud usage” among banks.
The head of Australia’s financial services regulator says it is taking a “more open stance on cloud usage” among banks.
AMP has rolled out what Frank Cammaroto likes to describe as an “ecosystem” of bots that are responsible for receiving, delegating and acting on an increasing proportion of service requests at the ASX-listed financial services firm.
In FY18 the Commonwealth Bank of Australia’s IT services spend grew 13 per cent compared to the prior year, with CBA revealing today that it spent $1.79 billion in the 12 months to 30 June.
Consumers will be granted new rights over their banking data from July next year, with the government this week announcing it would implement the recommendations of the Review into Open Banking.
The Commonwealth Bank of Australia (CBA) has revealed the results of a regtech pilot that uses natural language processing and artificial intelligence to convert regulatory texts into compliance obligations.
MLC has rolled out what it says is Australia’s first superannuation virtual assistant.
The Reserve Bank of Australia’s chief information officer, Sarv Girn, will join MLC Life Insurance in May.
ASX-listed, Tasmania-based financial services group MyState has moved to a consolidated core banking system for both MyState Bank and The Rock.
Suncorp’s Matt Pancino has been reappointed to the role of group CIO as part of restructure of the company’s operating model.
St George Bank has released a dedicated business banking mobile app for Android and Apple smartphones.
A Financial System Inquiry has recommended the adoption of mandatory data breach notification in Australia in order to help consumers keep control over their personal and financial information.
The Adelaide startup accelerator sponsored by ANZ Bank has announced it will open a new program based in Sydney.
Banks are seeking closer relationships with customers through greater use of customer data and new technologies, according to banking and telecom officials at the CeBIT Financial Tech conference in Sydney.
The National Australia Bank is trialling a bring-your-own-device (BYOD) program for its top 200 executives, according to Adam Bennett, NAB executive manager of enterprise transformation.
IBM Wednesday announced the signing of five strategic agreements in the Kenyan financial services sector, which it said are another example of the growing wave of innovation in African banking.