Westpac stories

Tech Ready Women launches its Investment Ready Program nationally, offering scholarships to 20 female startup founders to bridge funding gaps.

Sean Preston has been appointed Head of Wealth Partnerships at PG Investments, following his role as Chief Commercial Officer at Immersve.

The Working Party has appointed Dominik Wilkowski as Chief Technology Officer, aiming to enhance its technical capabilities following its expansion into New Zealand.

Visa has appointed Alan Machet as Group Country Manager for Australia, New Zealand, and South Pacific, succeeding Julian Potter, who retires year-end.

Swoop acquires a 16.99% stake in Vonex at AUD $0.04 per share, positioning itself as a superior contender against Maxo Telecommunications' offer.

Mobile banking apps dominate in Australia with 75% of users utilising them last month. However, only 63% find their bank's mobile features adequate, says Forrester.

Swoop has made a non-binding offer to acquire Vonex, outbidding MaxoTel’s June scheme with a $0.040 per share proposal, aiming to create a national telecom giant.

Rich Data Co secures USD $9 million boost from Acorn Capital, elevating total Series B funding to USD $37 million. Funds to drive North America expansion.

Tether has secured GBP $1.5 million funding to expand into Australia, the UK, and Europe, set to deploy its 10,000th sensor.

Business leaders must balance generative AI's vast benefits with short-term deployment challenges to navigate its transformative yet complex potential.

Westpac partners with NextGen to streamline home loan applications across its brands via Open Banking, marking a significant innovation in Australia's banking sector.

Cogo partners with AI-firm Personetics, pioneering climate-conscious banking by aiding customers in understanding and managing their carbon footprints based on their spending habits.

Frollo, Australia's Open Banking service provider, urges a collaborative strategy to enhance the data quality in the nation's Consumer Data Right framework, supporting superior financial outcomes.

Australian career strategist, Jacob Galea, warns of risks to professional development spurred by the global shift to remote work, including hindered career growth.

Amazon's Bedrock AI service extends its reach to Sydney, offering Australian users advanced options for data handling and storage.

FinTech Australia, backed by Investment NSW, partners with major banks ANZ, Westpac and tech firm 1835i for a reverse pitch event on 21 February 2024, inviting fintechs to solve local banking issues.

In a bid to bridge Australia's tech worker shortage, 160 students will participate in Grok Academy's summer computer science camp in Sydney and Melbourne.

AI decisioning platform, Rich Data Co, successfully raises $28 million in Series B funding, led by Westpac and nCino.

Sydney-based martech firm Atomic.io secures No. 2 spot for Innovation in Web/Mobile Platforms in the inaugural TMW 100 list.

More Aussies use mobile banking with Westpac's app hailed as top-notch in Forrester's review, a first time feat.