Patrick Buncsi

Colonial First State (CFS) has followed a number of its financial services sector peers in securing a multi-year tech deal with Microsoft that will extend its access to the bigtech’s Azure cloud and artificial intelligence (AI) technologies. The five-year deal...

The Commonwealth Bank of Australia (CBA) is delivering IT support services through a newly developed generative artificial intelligence (GenAI) assistance tool, able to respond within seconds to in-house ICT issues encountered by staff. Limited details of the in-house developed IT...

An increasing number of corporate businesses appear more than willing to pay out ransomware payments to free their captured data due to the excessive time and inconvenience of restoring high-volume backups, according to Allianz’s global cybersecurity chief. Thomas Hammel, divisional...

Beforepay has announced it has been granted an Australian Credit Licence (ACL) by financial services regulator ASIC, giving the go-ahead for the ASX-listed fintech to extend its offering beyond its core ‘pay advance’ product. The ACL, issued to Beforepay’s wholly...

AMP last week “soft launched” its digital-only SME specialist bank for internal testing, AMP Bank managing director Sean O’Malley has confirmed, just a few months ahead of its public launch early next year. The new bank, first announced in late...

Westpac is scaling its AI Accelerator, the banking group’s dedicated artificial intelligence (AI) innovation incubator and high-speed development hub, to deliver a continuous stream of ready-to-deploy AI and generative AI (GenAI) technologies for real-world use cases. Presenting at the Future...

The future of money transactions in New Zealand must include physical cash, citizens say, with a record number of Kiwis voicing concerns about the lack of suitable digital payment alternatives currently in-market. A public consultation conducted by the country’s banking...

Victorian mutual BankVic has confirmed the adoption of Newgen’s end-to-end workflow automation delivery platform, NewgenONE. The low-code, cloud-based platform, which was progressively implemented by BankVic from the middle of 2024, has helped “to streamline [the bank’s] day-to-day operations” and, ultimately,...

In our first edition of Movers and Shakers for 2025: senior Telstra tech joins Bendigo Bank as new CTO; Assistant Treasurer & Finance Minister and ABA chief announce forthcoming retirements; and Westpac unveils Miller’s successor as business banking head. ◼️...

Prudential regulator APRA has accepted a court enforceable undertaking (CEU) from and imposed a higher capital add-on to the Australia and New Zealand Banking