‘Tone deaf’ and 20 years of stagnation in digital banking – Steve Jurkovich speaks at the Future of Financial Services, Auckland14/08/2019 Patrick Buncsi News
Kiwibank chief Steve Jurkovich has offered a frank assessment of financial service’s laggard approach to digital innovation, expressing dismay at the lack of progress made in advancing the internet banking experience over the last two decades, with FSI’s online offerings trailing far behind digital service pioneers of bigtech.
Bankwest launches e-signing service for loan applications13/08/2019 Anonymous News
CBA-owned Bankwest has unveiled the latest in its digital toolkit for customers, announcing the launch of a new e-signature facility for home loan applicants.
Xinja appoints new CTO13/08/2019 Anonymous News
Digital-only neobank Xinja has announced the appointment of John Pountain as its first chief technology officer.
Payment fraud plateaus in Australia despite soaring card use12/08/2019 Nanda Lakhwani News
Rates of domestic payment card fraud decreased for the first time in Australia, while growth of card-not-present (CNP) fraud fell drastically over the 2018 calendar year, according to the latest figures from the Australian Payments Network (AusPayNet).
ASB backs kiwi blockchain start-up12/08/2019 Anonymous News
TradeWindow, an Auckland-based tech developer, has announced it will receive financial backing from ASB to fast-track the development of its blockchain trading platform.
CBA unveils fourth generation mobile app31/07/2019 Anonymous News
The Commonwealth Bank has released the latest major update to its industry-leading mobile banking app, touted by the bank's retail banking services chief Angus Sullivan as the “most individually tailored and sophisticated adaptation of digital banking in Australia".
Movers and Shakers | July–August, 201931/07/2019 Anonymous News
July saw a number of high-profile appointments and departures across the financial services sector, with noteworthy additions to NAB, nib, and the Bank of Queensland.
IAG launches flexible working app26/07/2019 Anonymous News
Australian insurance giant IAG has announced the release of a new in-house app allowing contact centre staff to allocate and adjust work hours and rosters, with early results showing a noticeable reduction in sick leave and an increase in employee engagement.
TSB Bank overhauls customer acquisition and CX portal26/07/2019 Anonymous News
New Zealand's TSB Bank has gone live with its newly overhauled customer acquisition and on-boarding system, expected to slash account application times and offer a range of self-service options to prospective customers.
Customer experience still neglected despite significant digital banking transformation investment – The Financial Brand17/07/2019 Anonymous News
Despite the massive investment in digital transformation, fewer than 25 per cent of consumers have reported any significant improvement in the experiences offered to them by financial institutions globally. Nevertheless, despite the overall lacklustre response by consumers, Asia-Pacific organisations are proving far more effective than other regions of the world, a report the Financial Brand reveals.
Government review exhorts APRA to boost IT risk and cyber capability17/07/2019 Anonymous News
APRA has been urged to uplift its IT risk and cyber assessment capabilities, with the Federal Government’s Capability Review revealing that chronic under-resourcing has hampered the prudential regulator's ability to manage digital disruption and increasing cyber threats facing the financial services industry.
REI Super goes all-in with budding analytics developer12/07/2019 Anonymous News
REI Super, a real estate industry superannuation fund, has enlisted the services of Laneway Analytics to deploy a new purpose-built predictive platform that will track the trends and behaviours of its members
CBA joins ANZ and Westpac in live blockchain pilot for bank guarantees10/07/2019 Nanda Lakhwani News
Westfield retail outlet tenants will participate in an eight-week trial using blockchain to revamp bank guarantees issuance and management processes. The real-world pilot follows a successful proof-of-concept involving ANZ Bank, Westpac, IBM, and Scentre Group conducted in 2017.
Movers and Shakers | June–July, 201902/07/2019 Patrick Buncsi News
June saw a number of high-profile appointments and departures across the financial services sector, with noteworthy additions to CBA, Westpac, and the Bank of Queensland.
Information Commissioner rebukes CBA in wake of data loss incidents01/07/2019 Nanda Lakhwani News
The Commonwealth Bank of Australia (CBA) will revamp its data management, retention policies, procedures and controls under a court-enforceable undertaking signed in the wake of two privacy incidents which placed nearly 20 million customer records at risk of exposure.