6

Australia's major banks spend billions of dollars each year on technology - but they should not expect a sustainable competitive advantage in return. read more

Bitcoin and similarly constructed digital currencies will not be treated as money or foreign currency by the Australian Taxation Office. read more

The Commonwealth Bank's technology bill crept up six per cent during the last 12 months to A$1.38 billion - largely due to a faster rate of software amortisation ($328 million in the last financial ye.. read more

Offering small and medium business clients access to videoconferences with business bankers under the Business Connect programme has paid off for St George, according to Phillip Godkin, general manage.. read more

Banks will need anthropologists, psychologists and data scientists if they are to successfully exploit their growing data reserves according to Jayne Opperman, general manager technology, retail, comm.. read more

Westpac New Zealand will shortly launch what it described as the world's first banking app for account management using augmented reality. read more

After a four month try-before-you-buy period Westpac has anointed Dave Curran as its new chief information officer. read more

The Commonwealth Bank is still suffering birth pains with the Albert point of sale device more than two years after it was first announced. read more

Interest in harnessing wearable technology as a payments facilitator is on the rise, with Bendigo Bank and Visa both announcing developments in the area. read more

While the smartphone continues to revolutionise the consumer payments landscape, Apple is now viewed as just another competitor, rather than having any special edge, according to a panel of local paym.. read more