Tag: Westpac

New research from Westpac has revealed the surprising time Australians are most at risk of being scammed—4pm on a Tuesday. As people wind down their...

Australia has taken a significant step forward in its sustainability journey with the release of its national sustainable finance taxonomy, developed by the Australian Sustainable Finance Institute (ASFI). This marks a major milestone in aligning the country’s financial sector with its net zero ambitions.

Westpac has launched a new AI-powered call assistant designed to help frontline staff detect scams in real-time during customer calls. The development of this AI tool...

Australian bank Westpac has been fined $40m after it was founded to have charged fees to over 11,800 deceased individuals.

The total volume of fines levied against firms for breaking money laundering, data privacy, MiFID and know your customer rules jumped by 141% and amounted to $10.4bn in total so far this year.

The trials of the coronavirus pandemic and the $910m fine for breaking Australia's money laundering laws have caused a 66% drop in Westpac's profits.

From working at his dinner table to being named a leader of Australia’s RegTech industry, Anthony Quinn has come a long way since launching Arctic Intelligence in 2015.

One of the four biggest Australian banks is facing some huge challenges. Not only is Westpac accused of having breached anti-money laundering (AML) and counter-terrorism financing (CTF) regulations, but it is now also dealing with a smattering of lawsuits.

Drugs, guns and $5m in laundered money are some of the key ingredients in a series of arrests made by Australian authorities to break up a criminal network.

Men run the Australian RegTech industry. A whooping 67% of the companies only have male leaders, according to new research from the Australian RegTech Association.