Westpac, CBA and NAB want to see a centrally-coordinated security operation set up to protect consumers and industry participants from attacks and exploits of consumer data right functions. The banks laid out a series of security concerns in submissions to a Treasury inquiry that is scoping future directions for the Continue Reading
finance
CBA AI trial brings IBM, Ascent together – Finance – Software- Tempemail
An artificial intelligence trial that saw Ascent and IBM team up to improve regulatory compliance at the Commonwealth Bank has resulted in a formal partnership between the two vendors. The pair cited the proof-of-concept at CBA when announcing the tie-up aimed at helping other financial institutions to better manage their Continue Reading
Trail of missing Wirecard executive leads to Belarus – Finance- Tempemail
Former Wirecard chief operating officer Jan Marsalek travelled to Minsk soon after he was suspended and may still be in Belarus or Russia, a German magazine reported on Saturday. Marsalek, a central figure in the collapse of the German payments company, remains at large but his whereabouts have been a Continue Reading
Japan puts central bank digital currencies on policy roadmap – Finance- Tempemail
Japan will look closer into whether to issue central bank digital currencies (CBDCs), the government said in its annual policy roadmap, a sign that Tokyo may be warming to the idea as the coronavirus heightens demand for cashless payments. In its first-ever reference to digital currency in the annual plan, Continue Reading
Westpac to start consolidating bank ops onto new core network within weeks – Finance – Networking- Tempemail
Westpac will kick off the third and final phase of its long-running core network transformation within weeks, when it starts migrating all its different business units to run off the new single core. The core network transformation is one of two major programs of work run out of the bank’s Continue Reading
Apple wins fight against $21bn tax order – Finance- Tempemail
Apple scored a major win as Europe’s second-highest court rejected an EU order for the iPhone maker to pay 13 billion euros (A$21 billion) in Irish back taxes, dealing a blow to the bloc’s attempts to crack down on sweetheart tax deals. In its order four years ago, the European Continue Reading
Singapore says blockchain payments project ready for commercial rollout – Software – Finance- Tempemail
Singapore has developed a blockchain-based payments network that could enable faster and cheaper international settlements, authorities said on Monday, adding that the next step was a commercial rollout. The final phase of the years-long ‘Project Ubin’ saw the Monetary Authority of Singapore team up with state investor Temasek and JP Continue Reading
NAB groups three-tier apps to automatically move them into Azure – Finance – Cloud- Tempemail
NAB has identified groups of mainstream, three-tier applications that it intends to automatically move to Microsoft’s Azure cloud under a five-year deal unveiled earlier today. Executive of enterprise technology Steve Day told iTnews the bank had spent the past six months using a “really detailed set of discovery tools” to map Continue Reading
NAB to move ‘1000 apps in 1000 days’ into Azure – Finance – Cloud- Tempemail
NAB is set to move into a new wave of cloud transformation with 1000 apps from across NAB and Bank of New Zealand’s stacks to be migrated to run in Azure in 1000 days. The ‘1000 apps in 1000 days’ goal was reported by the Australian Financial Review and is Continue Reading
Westpac brings its branch network closer to cloud – Finance – Projects – Cloud – Networking – Telco/ISP- Tempemail
Westpac is one-third of the way through a major network upgrade supporting its 950 bank branches Australia-wide, bringing them NBN fibre, wi-fi 6, and a shorter route to the cloud. The ‘big four’ bank is in the process of deploying a Cisco software-defined WAN or SD-WAN across its physical bank Continue Reading