Tag: Westpac

Kasisto, the innovator behind KAI, the premier conversational AI platform for the financial services sector, has recently strengthened its leadership team by appointing Don Layden as Executive Chairman of its Board of Directors.

Rich Data, an Australian-based AI decisioning platform for business and commercial lenders, has recently secured a $9m investment.

Overall there were five new unicorns announced across all sectors in September 2023 with one being FinTech, a 20% share of new unicorns. Kin Insurance,...

Westpac has announced the launch of new digital payment security features to help combat scam losses.

Kasisto, which offers digital assistants, has raised $15.5m in its Series C extension round, which was led by Fidelity Information Services and Westpac Banking Corporation.

Australian bank Westpac has been fined $40m after it was founded to have charged fees to over 11,800 deceased individuals.

The total volume of fines levied against firms for breaking money laundering, data privacy, MiFID and know your customer rules jumped by 141% and amounted to $10.4bn in total so far this year.

The trials of the coronavirus pandemic and the $910m fine for breaking Australia's money laundering laws have caused a 66% drop in Westpac's profits.

From working at his dinner table to being named a leader of Australia RegTech industry, Anthony Quinn has come a long way since launching Arctic Intelligence in 2015.

One of the four biggest Australian banks is considering tapping in to external sources of capital to boost its next fund aimed at FinTech startups.