Shadow treasurer Chris Bowen will make the case for engagement with Asia in "a major address" on Friday in Sydney. Insights on financial engagement and a more subtle association with Asia's capital markets are bound to be themes for Bowen, who served as treasurer during Kevin Rudd's final wheel as PM in 2013. Commonwealth Bank, ANZ and AMP are the big names in outbound investment in Asian financial risk, with ANZ most exposed in Malaysia and less so in China. Unity Bank, formerly the Maritime, Mining & Power Credit Union, has discontinued the proprietary Android-friendly "Tap & Pay" feature within its mobile banking app as of today (28 September) in favour of newer technology in the form of Android Pay and Samsung Pay. The former credit union began operations as a mutual bank on 1 March 2017 along with its divisions Collie Miners Credit Union, which also became part of Unity Bank, while Reliance Credit Union became Reliance Bank. ASX-listed regulatory technology company outfit Kyckr has signed a "Know Your Customer" content agreement with IBM, New York. It brings an "increasingly bluechip stable of customers" such as Citi Group, Bank of Ireland and Bloomberg into Kyckr's client base. "It is expected that Kyckr's most valuable channel is through global aggregators, with many others to target and close," said David Cassidy, managing director of Kyckr. The Australian regtech firm will earn revenue on a project basis, with IBM already identifying a number of clients that require Kyckr's data remediation services. In a survey run by the Deloitte Sydney office, 52 per cent of respondents - drawn from 200 global corporate clients - said they were already seeing an impact on their treasury due to banking regulatory reforms, including increased funding and hedging costs, higher demand for transactional deposits from banks, and reduced demand and lower pricing for investment deposits. "These impacts are resulting in treasurers considering alternative solutions including moving towards the use of CSA's collateralisation with banks for OTC trades) and seeking out alternate funding sources. According the Financial Services Union, Westpac is gearing up to chop a score of jobs. "The latest round of announcements includes proposals to cut 11 jobs from group technology- infrastructure and operations, and 12 jobs from Westpac commercial banking," the FSU reports via its website.  The planned job cuts are spread among New South Wales, Queensland, South Australia and Western Australia.