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Westpac does massive tech overhaul

News | Online & Mobile Banking | 01 Apr 2024

Westpac has launched Project Unite to commit 30% of USD 1.17-1.3 billion to simplify tech, reducing platforms from 180 to 60 for cost efficiency and better outcomes.

banking, product upgrade, Open Banking, digitalisation, risk management

Australian banks to launch new system to fight scams

News | Digital Identity, Security & Online Fraud | 24 Nov 2023

Australian banks have announced a new joint effort to fight a rise in scams, including major changes to customer payments.

scam, fraud management, fraud detection, fraud prevention, identity fraud

Interview with Accenture on improving SME banking with Embedded Finance

Interviews | Payments General | 07 Nov 2023

Olivia Jeavons from Accenture talks about the pain points of SMEs and how Embedded Finance can help improve them.

SME lending, fintech, banking, embedded finance, embedded payments, embedded lending, API, Accenture

AP+ launches ConnectID in Australia

News | Digital Identity, Security & Online Fraud | 17 Oct 2023

Australian Payments Plus (AP+) has announced the launch of ConnectID for Australia's businesses and consumers aiming to reduce fraud and identity theft. 

fraud prevention, fraud management, fraud detection, identity verification, digital identity, identity fraud

Westpac launches cloud merchant terminal app

News | Payments General | 13 Oct 2023

Australia-based bank Westpac has launched a cloud merchant terminal app developed in partnership with payments fintech mx51 to support retail and hospitality businesses.

product launch, partnership, paytech, eftpos, Android, SoftPOS, payments , retail, merchants, payment processing

Sharesies, BlinkPay partner for Open Banking in New Zealand

News | Online & Mobile Banking | 27 Sep 2023

Wealth management app Sharesies has partnered with Māori fintech startup from New Zealand BlinkPay to introduce transformative changes in financial management for investors.

partnership, Open Banking

Westpac: More young Australians being exploited online

News | Digital Identity, Security & Online Fraud | 04 Sep 2023

Australia-based bank Westpac has released new data which shows the number of reported scams from different age groups of Australians.

banking, fraud prevention, scam, online fraud, social engineering, identity fraud

Apple expands Tap to Pay solution to Netherlands

News | Mobile Payments | 23 Aug 2023

Apple has expanded the availability of its Tap to Pay on iPhone feature in the Netherlands.

expansion, mobile payments, contactless payments, NFC

Westpac launches new cards

News | Online & Mobile Banking | 14 Jun 2023

Australian multinational banking company Westpac has announced the launch of a suite of new card designs, to make payments more accessible for disabled customers.

product launch, banking, online banking, digital banking, mobile banking, financial services, financial institutions, debit card, credit card, prepaid card

Dosh launches Stashes to help Kiwis manage their money

News | Payments General | 13 Jun 2023

New Zealand-based digital wallet Dosh has launched the Stashes offering to help Kiwis manage their money more effectively.

digital wallet, mobile banking, product launch, personal finance management

The Paypers Global Fintech Partnerships Analysis: Q1 2023

Voice of the Industry | Payments General | 23 May 2023

The Paypers has analysed the most prolific partnerships announced in Q1 2023 within the global fintech space, with a focus on Open Banking, A2A payments, embedded finance, B2B payments/lending, and entrance into separate verticals.

The Paypers Quarterly Analysis series, fintech, Open Banking, digital banking, account-to-account payment, embedded finance, B2B payments, lending, Variable Recurring Payments, API, banking, partnership

New Zealand banks implement 365-day payments

News | Online & Mobile Banking | 23 May 2023

A series of banks in New Zealand have decided to allow their customers to transfer money 7 days a week, including public holidays.

product upgrade, money transfer, bank transfer, banks

NayaOne and Cogo partner to expedite carbon footprint tracking tools for banks

News | E-invoicing, SCF & E-procurement | 19 May 2023

UK-based digital sandbox provider NayaOne and carbon footprint management company Cogo have partnered to advance carbon footprint tracking tools for banks.

partnership, carbon footprint, sustainability , green finance

Binance stops offering PayID deposits for Australian users

News | Cryptocurrencies | 19 May 2023

The Australian branch of cryptocurrency exchange Binance has suspended PayID deposits for Australian dollar account holders.

cryptocurrency, cryptocurrency exchange, banks, transactions

Westpac New Zealand speeds up ISO 20022 compliance with Finastra

News | Digital Identity, Security & Online Fraud | 17 May 2023

Westpac New Zealand has deployed a solution from Finastra to accelerate its compliance with the new ISO 20022 financial messaging standard.

partnership, compliance, banks, ISO 20022, data

Westpac partners with Cogo for carbon footprint tracking capabilities

News | Online & Mobile Banking | 04 May 2023

Australia-based bank Westpac has rolled out a carbon footprint tracking capability, developed together with carbon footprint management fintech Cogo.

carbon footprint, product upgrade, sustainability , green finance, mobile banking

Westpac launches new anti-scam security

News | Digital Identity, Security & Online Fraud | 07 Mar 2023

Australia-based bank Westpac has rolled out a new security feature called Westpac Verify to protect customers from fraud.

fraud prevention, scam, bank transfer, financial crime, money transfer

Westpac turns to AWS for hybrid cloud strategy

News | Online & Mobile Banking | 02 Mar 2023

Westpac, an Australia-based banking group, has turned to Amazon Web Services (AWS) to support its hybrid cloud strategy.

partnership, cloud, banks, machine learning, data

Westpac to enter the BNPL space

News | Payments General | 13 Feb 2023

Australia-based bank Westpac has announced its entrance within the buy now, pay later (BNPL) space with a product designed to withstand regulatory scrutiny.

product launch, BNPL, instalment payments, financial services, online banking, credit card, credit scoring, regulation, fintech, interest rate

Westpac, RDC partner to improve B2B lending

News | Online & Mobile Banking | 19 Jan 2023

Australia-based bank Westpac has partnered with AI company Rich Data Co (RDC) to improve the lending experience for business customers and bankers, according to Australian FinTech.

partnership, artificial intelligence, lending, SME lending, banks