Australia
Aussie banks launch digital locks versus online fraud
Aussie banks launch digital locks versus online fraud
Cybercriminals now use AI and deepfakes to scam people.
Westpac’s losses likely to stay low over next two years: S&P
Success of its “Unite” project will be crucial to support its business franchise and stability.
Westpac’s net profit dip 1% to $2.13b in H1 2025
The bank said it is managing their margins and working on cost management.
ANZ Bank set to unveil password-less web banking in mid-2025
Authentication will be done through biometrics or log-in request app approval.
NAB expands weekend access to Chadstone branch
The Australian bank has invested A$38m in renovating and upgrading its branches.
Westpac names Carolyn McCann as acting chief exec for its consumer division
The Australian Bank is doing an external search to fill the role permanently.
Australia’s Big 4 banks to see asset quality ‘moderately’ weaken in 2025
But impaired loans should peak in 2025 then decline in 2026 on falling interest rates.
Westpac to open three new banking service centres
They will provide face-to-face support for retail and business customers.
Westpac first to join AU’s energy rating trial for existing homes
The initiative aims to help households better understand their energy consumption.
CommBank establishes tech hub in Seattle
The first cohort focuses on learning to fast track adoption of agentic AI and gen AI solutions.
Westpac appoints Kate Dee as chief people officer
She has been the chief people officer of Bupa Asia Pacific since 2018.
ANZ moves up incoming CEO Nuno Matos’ start date to May 12
Matos is most recently the CEO of HSBC’s Wealth and Personal Banking.
Westpac unveils block option that stops retail transactions
It can be activated via the Westpac app or online banking platform.
Westpac expands female entrepreneurs fund to A$1b
The first A$500m has reportedly helped over 1,155 start or grow their businesses.
ANZ to launch digital account lock option by mid-2025
It will block card access as well and won’t affect standing future-dated payments.
NAB removed nearly 600 fake websites and products in 2024
They use spoofed URLs, promotions that pressure quick decisions, and fake testimonials.
Digital bank platform ANZ Plus reaches 1 million customers
Over half (55%) consider it their main bank account.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
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Young Malaysians, big money mistakes: What’s going wrong with Islamic financial behaviour?