ANZ reports 72% uplift in full-year profit as progress on digital transformation continues
ANZ wrapped up the 2021 fiscal year with profits reaching just above AU$6 billion.
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Commonwealth Bank develops AI model to further curb abusive payments
A pilot program between CBA and NSW Police is also set to kick-off to assist domestic violence victims.
Bendigo and Adelaide Bank buys Ferocia for AU$116m as IT expenses increase in FY21
In line with its new acquisition, Bendigo and Adelaide Bank continued to spend big on digital capabilities during the 2021 financial year.
Visa Installments expands into Australia's growing BNPL market
Visa has partnered with ANZ and Quest Payment Systems to offer its buy now, pay later product to Australian consumers and merchants.
Eftpos expands security kit bag with new AI anti-fraud capability
An AI fraud detection engine is Eftpos' latest security feature to go-live.
Westpac expands digital gambling block to include additional debit cardholders
St George, BankSA, and Bank of Melbourne debit cardholders can now apply an instant block on gambling-related transactions.
CommBank claims its foray into buy now, pay later sector would encourage better regulation
Commonwealth Bank believes joining the emerging BNPL sector would most the 'expedient way' for regulation to be introduced.
Eftpos partners with major Aussie banks and retailers to launch QR code payments platform
Commonwealth Bank, National Australia Bank, Coles, and Woolworths are some that have signed up for Eftpos' eQR platform.
Westpac has blocked 24,000 abusive messages in payments
Westpac's zero-tolerance tool required 19,000 customers to change the language of their transaction description before payments were processed.
Rise in demand for tech and data contributes to uplift in ASX FY22 first half results
The exchange reported revenue reached AU$501 million while net profit hovered around the AU$250 million mark.