Shayne Elliott

Incumbent banks will need to embrace new business models to ensure their long term survival, argues Shayne Elliott, CEO of ANZ Bank. Speaking at the Sibos conference in Sydney yesterday, Elliot said 30 years of uninterrupted growth meant Australia was “a great place to be a bank”, but had bred

National Australia Bank and Microsoft have collaborated to design a proof of concept ATM using cloud and artificial intelligence technology where customers can withdraw money through facial recognition and a pin, removing the need for a card. NAB said the cloud-based application, developed using Azure Cognitive Services, has been designed

Cambridge, Massachusetts, USA - July 9, 2008: The Great Dome of the Massachusetts Institute of Technology is a symbol of excellence in higher education.

MIT announced a new $1 billion commitment to address the global opportunities and challenges presented by the prevalence of computing and the rise of artificial intelligence (AI). The initiative marks the single largest investment in computing and AI by an American academic institution, and will help position the United States

Microsoft sign

Microsoft and financial messaging service provider Swift have partnered to showcase a cloud native proof of concept (POC) to host Swift infrastructure and enable cloud native payment transfers on Microsoft Azure. Microsoft said the two companies are working to facilitate the future deployment of Swift messaging solutions in the cloud,

Adobe has reached pay parity across its company worldwide delivering on a promise it made earlier this year. The company said this is a critical milestone in its ongoing commitment to providing employees with a workplace that is inclusive, innovative and exceptional. Leadership Webinar: Which-50’s 2019 Outlook and Business Transformation

Cloud-based bank Judo Capital will adopt Temenos’ core banking platform T24, signing on for its core banking, channels, analytics and financial crime mitigation functionality. T24 Core Banking will be the key information platform for Judo’s push into the SME market, which the company considers to be under-served by the incumbent banks.

Taxi and Hire Car Drivers in Victoria are preparing to sue Uber for hundreds of millions of dollars in lost earnings. It will be alleged Uber operated illegally when they launched in Victoria without legal approval in the state, according to the Australian Associated Press. Sign up for Which-50’s Irregular

Management consultancy McKinsey & Co. issued a statement over the weekend denying it prepared a report in 2015 for the Saudi government identifying dissidents on social media. It was responding to a story in the New York Times. However, it left open the possibility that the material in its report

blockchain technology

Blockchain could form the underlying infrastructure of global supply chains by 2025, becoming ubiquitous in mainstream business in less than a decade, according to a new study. The study, Does blockchain hold the key to a new age of supply chain transparency and trust? conducted by the Capgemini Research Institute

Health minister Greg Hunt has rejected the recommendation from a senate inquiry into My Health Record to extend the scheme’s opt-out period by another 12 months. The inquiry also called for sweeping changes to the ehealth scheme as Australians have just weeks remaining to opt out. An extension beyond the