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News

• NAB ‘making progress’ on restoring services

  NAB says it is making progress restoring services after system outages took down a number of the bank’s services and affected payment processing.

• NAB payment processing affected by system outages

  A number of NAB’s services were hit by system outages last night, with problems for some services continuing this morning, the bank said.

• NAB unveils tech alliance with Bank Leumi and CIBC

  National Australia Bank says a newly launched “innovation alliance” with Israel’s Bank Leumi and the Canadian Imperial Bank of Commerce (CIBC) will help it build better solutions that meet the needs of a customer base whose expectations are rapidly changing.

• NAB to add virtual credit card to mobile app

  NAB is preparing to roll out a new mobile app that will allow the bank’s customers to apply for a credit card, receive in-app approval and then begin making purchases on the card using their handset.

• Delay in banks vs Apple fight

  The Australian Competition and Consumer Commission (ACCC) has pushed back the timeframe for releasing a draft decision in a stoush between some of Australia’s biggest banks and Apple.

• NAB appoints new acting tech chief

  National Australia Bank has appointed a new acting chief technology and operations officer (CTOO), after moving Bob Melrose to the role of executive general manager, retail banking.

• Apple hits back against banks: iPhone NFC access ‘not open to negotiation’

  Even if the Australian Competition and Consumer Commission (ACCC) authorises collective negotiations between a group of banks and Apple over the use of the Apple Pay platform, the iPhone maker says that it “will not and cannot” agree to the conditions likely to be sought by the banks.

• Google hits out at banks in mobile wallet fight

  A submission to the Australian Competition and Consumer Commission (ACCC) by Google Asia Pacific (GAP) argues that there is no basis for allowing banks to band together for negotiations over the Android Pay platform.

• ACCC won’t take action in banks’ Apple Pay fight — yet

  The Australian Competition and Consumer Commission says it is “continuing to assess” an application lodged with the body by a group of banks that seek the right to collectively negotiate with, and potentially collectively boycott, mobile wallet providers including Apple.

• NAB prepares for national rollout of personal banking platform

  National Australia Bank expects to complete the nationwide​ rollout of its Personal Banking Origination Platform (PBOP) by the end of the calendar year, following trials in the South Australia and the Northern Territory.

• NAB builds new tech platform for life insurance sell-off

  Selling 80 per cent of its life insurance business to Nippon Life will bring in $2.4 billion for NAB, but the bank expects the deal to incur significant separation costs, including the cost of building a new technology platform for the spin-off.

• NAB to launch digital advice platform

  NAB will integrate a digital advice platform into its Internet banking service, the bank announced today.

• In brief: NAB opens API to Xero

  Xero’s software-as-a-service accounting package will connect to NAB’s core API under a partnership announced by the two companies.

• Updated: Mobile payments in Australia: state of the banks

  Major Australian banks have made mobile payments a priority tech initiative and are in various stages of rolling out technology that lets customers pay with smartphones. Commonwealth Bank and Westpac are so far leading the pack, but ANZ Bank and National Australia Bank (NAB) say they are planning to make their own moves soon.

• 2014 a seminal year for cloud take up: Amazon

  2014 is a seminal year for the take up of cloud services and there’s been a shift in thinking around the infrastructure model from years back when people were concerned about issues like security.