Westpac has processed the first home loans on its new Customer Service Hub, a major component of the bank’s push to enable a “one bank multi-brand operating model” across its business.
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Customers of Westpac and its subsidiaries will be able to use Apple’s Face ID service to log in to mobile banking apps.
Commonwealth Bank of Australia (CBA) has announced customers will be able to log-in to its app with Face ID, the facial recognition technology built into Apple’s new iPhone X.
Three of Australia’s big four banks are backing a joint venture that will build cross-platform mobile payment services.
Macquarie will launch its open banking platform – which makes it easier for consumers to share their financial data with third parties – in coming months, the company announced today.
Westpac is to derive much of its future IT innovation and costs savings from a cross pollination of best-of-breed IT systems between itself and St George, which was acquired by the bank last year.
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