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Showing 811 - 820 of 2267 results for "Systems"

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 ...

Tasplan chief to exit, merger confirmed

KANIKA SOOD  |  FRIDAY, 29 NOV 2019
... value for money for our members," outgoing MTAA chair Brumby said. "We've got a bit of work to do to consolidate our systems and processes. We're confident this can be done with minimal impact to members," the funds said. Tasplan's many mergers ...

Business giants attempt to crack financial planning

KANIKA SOOD  |  THURSDAY, 28 NOV 2019
... do is automate manual tasks in the practice. "We look at who is sitting with a high level of human interactions, manual systems and archaic systems. These are the sectors that are ripe for innovation," Wallace said. "For financial planning, there is ...

Westpac gives investors an out

HARRISON WORLEY  |  THURSDAY, 28 NOV 2019
... said. The ANZ risk boss said recent issues identified within the industry by AUSTRAC had caused the bank to review its systems and processes to transfer money to ensure it was reporting the information required by regulators. "While the review is ongoing ...