News

• BT Financial embraces BI to better understand customers

  BT Financial Group has tapped business intelligence (BI) software from QlikView to provide insights on how to grow and retain customers for its financial advice business.

• NAB reports profits as IT transformation continues

  National Australia Bank reported progress on its IT transformation in half-year results reported today.

• Australian startup snapshot: NexPay

  Sydney startup NexPay uses an online business model to provide savings to foreign students attending Australian universities.

• TNS taps AAPT for EFTPOS network resilience

  Transaction Network Services has partnered with AAPT to provide what the company believes is the only dual-carrier network for card-based payment transactions in Australia.

• NAB announces Money Tracker

  The National Australia Bank announced a money management tool as the latest part of the bank’s technology overhaul.

• CommBank unveils MyWealth investing website

  Recent core IT upgrades helped Commonwealth Bank of Australia launch a new investing website in less than nine months, CBA officials said at today’s launch of the MyWealth website.

• NFC benefits hazy for consumers: mHITs CEO

  Near field communications (NFC) for mobile payments lacks a clear advantage over traditional forms of payment, according the CEO of mHITs, an Australian SMS-based mobile payments service.

• Startup wants to be Australia's Mint.com

  Pocketbook, a Sydney-based startup, seeks to build a simpler and more useful service for managing spending than current offerings in Australia.

• 1

  PayPal predicts imminent demise for NFC, but analysts are split

  The end is nigh for near field communications (NFC) mobile payments, if PayPal president, David Marcus, is correct in his predictions. However, Australian industry analysts we contacted had differing views on the fate of NFC.

• Bank of Queensland to use social media, overhaul IT

  The Bank of Queensland seeks to use social media and other forms of online engagement to serve customers across more channels, according to the bank’s CEO, Stuart Grimshaw.

• NAB launches system for social media customer support

  National Australia Bank has launched a “social media command centre” to help further support its customer service, the bank announced today.

• CommBank announces Facebook payments, move to AWS cloud

  Commonwealth Bank revealed a slew of tech announcements today, including Facebook payments, a redesigned Kaching app for Android devices and new business banking products.

• NAB uses voice recognition to authenticate banking customers

  National Australia Bank (NAB) has deployed biometrics technology to allow customers to access their bank accounts using their voice.

• F5 moves beyond load balancing, into security

  F5 plans to bear down on the security and cloud markets in Australia and New Zealand, F5 officials said at the F5 Agility Forum on the Sunshine Coast.

• DDoS attacks against banks raise question: Is this cyberwar?

  It's been a month of crippling denial-of-service attacks on websites operated by U.S. banks and financial services firms. A terrorist organization called Al-Qassam takes credit online, but now the attacks are being blamed on Iran.