The National Australia Bank spent the weekend contacting customers about a data breach which exposed the personal information of 13,000 customers. The bank uploaded the personal information of some its new customers to insecure servers of two third party providers without authorisation. Sign up for Which-50’s Irregular Insights newsletter The
NAB has helped strengthen the growth prospects of Brighte, a digital credit platform that facilitates payment plans for solar energy, batteries and home improvements, by helping it secure $130 million to meet increasing demand for its products. NAB arranged a $130 million asset-backed securitisation warehouse and this month provided $80
Australians got a taste of a world without digital payments on Thursday afternoon when Telstra network outage took down ATM and Eftpos machines at some of Australia’s biggest retailers. All services have now been restored and the telco has apologised for the impact and inconvenience to business and their customers.
NAB Ventures has invested US$10 million in Silicon Valley-based cyber security start-up Digital Shadows. Through this investment, the company has plans for global expansion with Asia Pacific and product development. Digital Shadows plans to exponentially scale the delivery of its SearchLight service. The company focuses on digital risk protection for
NAB will allocate $2 billion of funding over five years to help emerging technology companies build and grow their businesses. The bank, one of Australia’s big four, announced its backing would take the form of loans, facilitating access to capital markets and supporting companies with transactional banking and risk management.
Accounting and tax-prep firm H&R Block is buying Wave Financial, an accounting, invoicing and receipt-tracking software company, for US$405 million (AU$583 million). The deal is the first exit for the corporate venture capital arm of NAB which was launched three years ago. Sign up for Which-50’s Irregular Insights newsletter In
NAB has teamed up with Canadian bank CIBC and the Bank Leumi of Israel to launch the Global Alliance Fintech link, an online portal developed to drive client-focused innovation by facilitating collaboration between the banks and fintechs. Through this global platform, fintechs can submit creative technology solutions in response to
Banks, armed with large amounts of customer and transaction data, are deploying predictive techniques in an effort to deliver better customer experiences at scale. While the value of data driven modelling is well understood, executing it without “personal and business bias” in a way that predicts customer behaviour remains a
NAB has switched on Apple Pay for its customers, the latest of the big four banks to welcome the tech giant’s payment service. The bank hinted last year it was open to making the payment service available to its customers. Sign up for Which-50’s Irregular Insights newsletter Nominate today for
RMIT Online has announced the launch of a new cybersecurity short course as part of its Future Skills portfolio. Palo Alto Networks and NAB are key collaborators and mentors on the course which will cover a variety of topics within the cybersecurity ecosystem. Sign up for Which-50’s Irregular Insights newsletter