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eftpos Australia CEO Bruce Mansfield believes Australia has reached a "cusp" in regard to progress with mobile payments and this could prompt a dramatic change in the structure of the financial serv.. read more

The four major banks have proven uncharacteristically taciturn in response to suggestions that the security of their online banking systems may be at risk. Recent revelations that Western security.. read more

Reports that US and UK national security agencies may have managed to crack the sophisticated computer security systems widely used to encrypt and protect online content should prompt banks to revie.. read more

Westpac will shortly unveil a revamped online banking system, and yesterday it revealed plans to launch a new online wealth management platform to support customers with superannuation, insurance an.. read more

Two of Australia's major banks are considering outsourcing their post-trade processing, after Broadridge Financial Solutions announced a tie-up with Accenture last month to offer a technology and bu.. read more

Nine more financial organisations - including PayPal - have signed up to fund and participate in the development of Australia's New Payments Platform, which is being developed to facilitate inter-ba.. read more

Commonwealth Bank invested A$192 million in its core computer systems revamp last year - 16 per cent of its total investment budget - but, with that program now completed, the bank will now be able.. read more

Big data analytics has the potential to head off the sort of triggers that led to the global financial crisis, says Commonwealth Bank's chief information officer, Michael Harte. read more

The Commonwealth Bank has capped its fraud exposure to 2003 levels, thanks to real-time data analytics. read more

Westpac is achieving a 40 per cent uptake on the offers it promotes to customers online or over the phone, as a result of better customer insights achieved through its data analytics initiative, Kno.. read more