The Reserve Bank of Australia has called for access to the New Payments Platform to be broadened a range of payments services providers.
banks - News, Features, and Slideshows
- Reserve Bank calls for New Payments Platform access to be broadened
- H&R Block acquires NAB-backed Wave Financial in $583m deal
US accounting firm H&R Block will acquire fintech Wave Financial in an A$583 million all-cash deal, the company announced yesterday.
A spokesperson for Westpac has confirmed that the bank “detected mis-use” of the New Payments Platform’s PayID feature and “took additional preventative actions which did not include a system shutdown.”
NAB, Israel’s Bank Leumi and Canada’s CIBC have launched an online portal intended to facilitate collaboration with fintechs.
UBank’s embrace of artificial intelligence has helped it grow its customer base while retaining a compact staff headcount -- and it’s also freeing up time for its employees as they attempt to understand the future of banking, according to chief executive Lee Hatton.
Whitepapers about banks
Outsourcing has become a critical component of management of financial institution operations. Consequently, the Office of the Controller of the Currency (OCC) and the Federal Reserve Board (FRB) recently issued guidance on how financial institutions should manage third-party risks. • Institutions are outsourcing increasingly complex and sensitive banking and financial operations to third parties • The guidance issued by each agency has particular relevance to outsourcing transactions and provides companies with a roadmap of the key areas of concern to regulators • Many of the suggestions in the OCC and FRB guidance concern provisions of outsourcing agreements where vendors often push back