Westpac today announced the launch of its “Data Driven Experience Platform”, a customer insights and analytics hub which pulls data from across Westpac Group. The bank says the hub will help propel its digital push and prepare it for the upcoming open banking regime. The platform was co-designed and backed
Westpac CEO Brian Hartzer says the bank needs to do a better job when it comes to getting its customers to use the digital innovations they have built. Speaking yesterday during a panel at IBM’s Cloud Innovation Exchange in Sydney, Hartzer said the bank had introduced more than 100 new
Westpac today announced it is partnering with 10x Future technologies, a UK-based cloud banking provider, to build a new core banking stack that allows third parties to offer Westpac banking products through APIs. Download: Open Banking – How Consumers, Innovators & Incumbents All Benefit The new stack will be run separately
This year’s Westpac Innovation challenge is asking start-ups, scale-ups and entrepreneurs to come up with data solutions for business problems in the micro business, energy, insurance, aged care or government sectors. Sign up for Which-50’s Irregular Insights newsletter Now in its sixth year, the program has turned its focus to
Westpac has partnered with Coupa, a leader in Business Spend Management (BSM), to help businesses more efficiently manage their spending within a comprehensive cloud platform. The partnership enables customers to reduce risk, improve compliance, automate manual and inefficient tasks, and ultimately, deliver cost savings to the business, the bank said.
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.
Westpac, ANZ and CBA have begun a pilot program to test the digitisation of bank guarantees using IBM’s blockchain technology. The trial, involving shopping centre landlord Scentre Group and its tenants, uses a blockchain platform for bank guarantees instead of the traditional manual paper process. Sign up for Which-50’s Irregular
With a whimper, Open Banking has arrived in Australia. From today, Australia’s big four banks will begin a pilot program to explore Open Banking’s performance, reliability and security. For consumers, a mature Open Banking environment will make it possible to switch home loan providers with a few swipes of an
The best place to work in Australia is a bank, according to LinkedIn’s annual list of the top companies to work for, which has the big four atop its latest leaderboard. According to LinkedIn, Westpac is the top company to work for in Australia, followed by NAB, ANZ and CBA.
In 2030 Australian people will own less and share more, and renewable energy will be a booming industry, according to Westpac. The bank has launched a new division to fund the emerging businesses it expects will drive the future economy. Register now for Which-50’s webinar on the disruptive impact of chatbots!