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Showing 761 - 770 of 2220 results for "Systems"

Commonwealth Super mulls platform changes

KANIKA SOOD  |  MONDAY, 13 JAN 2020
... Corporation is considering making changes to how it administers about 570,000 defined benefit member accounts as its existing systems age. CSC has invited interested companies to submit proof-of-concepts for a core registry platform for its defined benefit ...

RBA crushes hopes of Libra launch

ALLY SELBY  |  FRIDAY, 10 JAN 2020
... could facilitate bank runs at such times." The Bank warned that CBDCs had the potential to disrupt established financial systems. "The implication would be that there would be a fall in commercial bank deposits and a reduction in the availability of ...

Iress invests in blockchain

ALLY SELBY  |  TUESDAY, 7 JAN 2020
... technology. "Financial institutions have no shortage of data," Iress chief executive Andrew Walsh said. "Without the right systems and levels of automation, data risks being inaccurate, difficult or expensive to manage. In today's environment, neither ...

ANZ overcharges 3.4 million customers

ALLY SELBY  |  THURSDAY, 19 DEC 2019
... to ensure we don't make these mistakes again." Elliot also assured shareholders that ANZ was proactively reviewing its systems used to transfer money amid the controversy plaguing the banking sector thanks to Westpac's alleged money laundering breaches. ...

Westpac to pay $9.5m for Corps Act breaches

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... ratings and was successful at promoting Westpac's products. "It may readily be inferred that Westpac's compliance systems and practices were less than rigorously applied, at least in Mr Sinha's case," Wigney said. Westpac must also pay ASIC's ...

Tech to topple banking: RBA

ALLY SELBY  |  WEDNESDAY, 18 DEC 2019
... role in facilitating payments. To date, this erosion has been most apparent in emerging market economies where payments systems were not meeting customers' needs," Kearns said. "New payments providers engaging with banks and card companies could ...

ASIC drags NAB to court for fees-for-no-service

HARRISON WORLEY  |  TUESDAY, 17 DEC 2019
... to issue - or issued defective - fee disclosure statements to customers, and did not establish and maintain compliance systems and processes to detect or prevent failures. Additionally, the regulator believes NAB contravened its overarching obligations ...

VFMC partners for transformation

JAMIE WILLIAMSON  |  TUESDAY, 17 DEC 2019
... technology solutions that allow investment professionals to focus on their core business, and not be weighed down by legacy systems." "We're proud to welcome VFMC and build on our established team in Sydney by expanding our presence in Melbourne to support ...

Wealth manager launches new platform

ELIZA BAVIN  |  THURSDAY, 12 DEC 2019
... Australia," MyState said. "This enables the group to serve its customers nationally through cost-effective, efficient digital systems, supported by a broader customer service network located in Tasmania and Australia's eastern seaboard."

ASIC lifts ban on new opaque active ETFs

KANIKA SOOD  |  WEDNESDAY, 11 DEC 2019
... are adequate Information barriers are established to ensure decisions to buy or sell units are not made by persons or systems with knowledge of the current portfolio holdings There are adequate arrangements for identifying and responding to instances ...