Volt gets full banking licence
The Australian Prudential Regulation Authority (APRA) has today granted ‘challenger bank’ Volt a licence to operate as an authorised deposit-taking institution (ADI).
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NAB, Westpac and CBA’s instant payments app Beem It appoints CEO
Beem It – the venture behind an app which allows people to make instant, peer-to-peer payments without the need for a BSB number or account details – has appointed its first chief executive officer.
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ASX pushes back roll-out of blockchain-based CHESS replacement
ASX Limited, which operates the Australian Securities Exchange, has pushed back the start date of its blockchain-based CHESS replacement, in response to stakeholder concerns.
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Branches, call centres remain part of CBA’s ‘digital leading’ future
Commonwealth Bank’s network of 1000 physical branches and its Australia-based call centre staff will “remain very relevant” in the future despite customers growing use of digital channels, the bank’s CEO Matt Comyn said today.
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Banking royal commission has ‘amped up’ AMP’s appetite for AI
The findings of the banking royal commission against AMP have heightened the appetite within the company for artificial intelligence and machine learning, says its chief technology officer Chris Bell.
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Forrester Research: Total Economic Impact Of The Management Suite