Most National Australia Bank customers now interact with the bank exclusively through digital channels and the bank’s digital-only offshoot, UBank, increased its customer base by 40 per cent over the last two years, according to NAB’s financial results released today. The bank also revealed it has shifted 19 per cent
NAB announced it would finance a new $57 million securitisation warehouse trust established by Symple Loans, an innovative marketplace lender that offers Australian consumers lower interest rate personal loans via its digital lending technology platform. Symple Loans is the first new-to-bank customer to benefit from NAB’s commitment in July to
National Australia Bank (NAB) has added Google Cloud to its cloud technology strategy, which also includes services from Microsoft Azure and Amazon Web Services. The bank said its multi-cloud approach allows it to draw on the best innovations and features that each cloud provider offers while avoiding concentration risks as
La Trobe University and National Australia Bank have formed a strategic alliance to improve cybersecurity research, skills, and commercialisation. The two parties signed the agreement in the Victorian Parliament yesterday. Webinar: Can I Trust You? Building Customer Trust into Better Experiences. Register today! Under the agreement, La Trobe and NAB
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