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Commonwealth Bank hires new execs, touting digital and cultural transformation
The bank has announced a new executive team as part of a structural reshuffle, including the appointment of a new CIO to replace David Whiteing.
PayPal touts global reach as mobile wallets pop up in APAC
Banks, telcos, and e-commerce players in the region now offer their own payment platforms, but PayPal believes its global reach and security infrastructure will ensure its market relevance.
Exclusive: 61% of financial services companies will use AI this year
The financial sector is outpacing others in terms of artificial intelligence adoption, according to an Adobe and Econsultancy report.
Fintech newcomer Brex launches credit card for startups
The company also announced that it's raised $50 million in new venture capital from Silicon Valley investors, including PayPal cofounders Peter Thiel and Max Levchin.
South Korea's Toss raises $40m from GIC, Sequoia China
Viva Republica, which services P2P money transfer app Toss, has received $40 million in funding from Singapore's GIC and Sequoia China.
Toyota to invest $1B in SEA ride-sharing operator Grab
The US$1 billion investment will focus on development in connected cars and mobility offerings in Southeast Asia, and give Toyota a seat on Grab's board.
Bank of New Zealand launches Alipay
BNZ's merchant customers can now accept Alipay thanks to a pilot underway with Verifone.
Westpac turns to IBM for hybrid cloud
Hosted across two of IBM's Australian datacentres, the bank's new hybrid cloud is expected to speed up service delivery.
Commonwealth Bank and Austrac reach AU$700m agreement over anti-money laundering breaches
CBA will pay the largest civil penalty in Australian corporate history after previously laying blame on a coding error and disparate data.
Singapore, India to boost fintech collaboration
The two Asian countries, which already have partnered on cross-border payment services, will create a joint working group to explore opportunities for further collaboration in fintech.
Singapore authorities highlight sharp spike in online trading fraud
Some S$7.8 million was lost to unlicensed online trading platforms, with 142 registered complaints from consumers in 2017 compared to 40 the year before.
Qoo10 to 'renew focus' on Singapore e-commerce market
One of the earliest e-commerce market players in Singapore, Qoo10 is planning a new round of funding as it looks to refocus on the local market, which it says still offers significant growth potential.
Visa invests in LatAm m-payments startup YellowPepper
The deal is the first of its kind for Visa and aims at increasing mobile payments in the region.
CBA sent over 650 emails holding data on 10k customers in error
The bank has admitted discovering an issue with emails going to incorrect addresses.
Bank of Montreal, CIBC's Simplii Financial report customer data breaches
The Canadian banks have reported being contacted by external 'fraudsters' claiming to have accessed information on an estimated 90,000 customers.
How blockchain technology can transform our world
The technology can be used in far more applications than virtual currency.
Halloween '13: What tech frightens us most
In their latest October 2013 survey released just in time for All Hallows' Eve, IT recruiting firm Modis surveyed 1000 Americans to find out what potential tech disasters are keeping them up at night.
DBS Bank transforms customer experience with tech
The Singapore bank's latest branch taps technology to improve customer service, providing a more interactive and intuitive experience, say DBS execs.
ZDNet App Wrap: September 17, 2012
Feedly, metro.am, YouTube, Planner Pro, St George Banking Application, Quora, 8Bit Beatbox, and Janetter Pro for Twitter.
ZDNet App Wrap: September 10, 2012
ANZ goMoney, HSBC, uTorrent, uDraw, The Decision App, Note.S, The Textastic Code Editor, and ScrapNote
Tech IPO busts from the Internet boom (gallery)
As Facebook prepares to launch its massive IPO, it's a good time to look at the late 90s to see what people thought were good investments.
Office and computer pranks
What better way to welcome back coworkers from an extended vacation than an amusing practical joke?
Facebook's IPO in pictures
Facebook's IPO filing included images. Here they are and here's what they mean.
10 indispensable Android apps
This new collection of Android apps features everything from a friendly keyboard to a convenient payment processor to a versatile music player.
How Apple should spend its $90 billion in cash
Apple, with a market capitalization of over $416 billion, its stock trading at around $445 a share, and swimming in over $90 billion in cash, needs to figure out how to spend its money. I’ve got a few suggestions.
Inside NAB's first concept branch: photos
The National Australia Bank (NAB) is looking to smarten up its branches going forwards, and last month unveiled its very first concept store in Melbourne. ZDNet Australia went to take a look behind the scenes at the branch's mix of smart self-service technology and open-plan design.
Inside CommBank's Kaching: photos
The Commonwealth Bank has made a to-do list as long as its proverbial arm for the future of its NFC-enabled, pay-anyone app Kaching!, which includes support for virtual currency, like Facebook Credits, coupons, deals and an eventual partnership with Google for its Wallet product. Take a look inside the first iteration of Kaching! and our chat with CommBank chief marketing officer, Andy Lark.
Inside CBA's tech-heavy office: photos
It's taken 18 months from go to woe, but the Commonwealth Bank has begun moving over 300 staff per week into its lavish new tech-filled offices on the Sydney Harbour foreshore. ZDNet Australia was invited to tour the offices with the bank's chief information officer, Michael Harte.
Ten catastrophes: All-time worst tech industry executive decisions
IT, software and computer companies are certainly not without their share of poor executive decisions and mismanagement. While dozens of notable examples could have made our list, these were by far the top top 10 worst in the history of the technology industry, causing many billions of dollars of lost revenue or resulted in the downfall of entire companies.
Gallery: SAP, Google put business on the map
SAP and Google are expanding their partnership to take large data sets and integrate them into Google Maps, Earth, Docs and other products.
PayPal touts security and usability as differentiators in APAC
Amid the rise of e-wallets and mobile payment platforms in Asia-Pacific, PayPal is betting on its global reach and security infrastructure to keep its digital payments service relevant.
Bank of New Zealand launches Alipay
BNZ's merchant customers can now accept Alipay thanks to a pilot underway with Verifone.
Westpac announces offsite hybrid cloud built by IBM
Westpac has announced implementing a new offsite hybrid cloud, built and operated by IBM, that's part of its fully integrated cloud platform strategy.
CBA sent 10,000 customers' data to wrong email address
The Commonwealth Bank of Australia has once again found itself in the spotlight for the potential mishandling of customer information.
Singapore and India form joint working group for fintech opportunities
The two Asian countries, which already have partnered on cross-border payment services, will create a joint working group to explore opportunities for further collaboration in fintech.
NAB hit by mainframe outage
National Australian Bank confirmed that it suffered a nationwide systems failure over the weekend as a result of power being cut to its mainframe.
Meet Erica, Bank of America's virtual financial assistant
Bank of America added a virtual assistant to its app.
CommBank CFO leaves for blockchain firm
Commonwealth Bank CFO Rob Jesudason will leave the country's largest bank to lead Block.one as group president and chief operating officer.
Mastercard and Microsoft partner on smart cities
The two companies are currently working on a two-city pilot to model the impact of urban events and inform policy decisions with data.
Westpac posts AU$4.2 billion in H1 after-tax profit
Westpac has posted AU$4.2 billion in first half after-tax profit, up 7 percent year on year and following a AU$1.3 billion spend on transforming the bank over the past 12 months.
NAB posts AU$2.6b statutory H1 net profit
In delivering its results, the bank revealed it had focused heavily on its technology capability during the six-month period, scooping up executive talent from major tech firms.
Square acquires Weebly for $365 million
Weebly was bought for $365 million in cash and stock, marking Square's second acquisition in a week following its purchase of catering platform Zesty.
Oracle survey reveals consumer digital banking expectations
The New Digital Demand in Retail Banking report suggests that banking services across the board need to be better integrated into customers' digital lifestyles, such as through social media platforms.
UBank launches IBM Watson-based AI assistant
UBank's new cognitive assistant, dubbed RoboBrain, will help speed up staff responses to customer queries.
Spear phishing bank robbery mastermind nabbed in Spain
The suspect is potentially behind cyberattacks against over 100 financial institutions worldwide.
