NAB lands approval for 86 400 acquisition despite competition concerns
86 400 bagged its own banking licence back in 2019.
86 400 bagged its own banking licence back in 2019.
Upon its acquisition, NAB says 86 400 has some 85,000 customers.
Eedenbull is providing a handful of systems to the major Aussie bank.
Les Matheson returns to Australia after an early career in the country.
The deal also sees NAB invest in the London-based fintech.
The bank wants to use the self-built platform to roll out new features more quickly.
Major Aussie bank to boost its cloud architecture with Microsoft.
ANZ, NAB, Westpac and Commonwealth Bank have all gone live with APIs.
ANZ, Westpac, NAB and Commonwealth Bank have lost a collective half a billion dollars.
Traditional banks might find themselves facing a future where the front doors are locked for them!
Yuri Misnik spearheaded NAB’s switch to Amazon Web Services.
The bank has partnered with La Trobe University to provide cybersecurity workforce development.
News on CIBC, NAB and Bank Leumi alliance, SoFi funding and more!
“Don’t run when you lose, don’t whine when it hurts. It’s like first grade. No one likes a cry baby.”
Repercussions from Australian Royal Commission’s criticisms take effect.
We reach day 62 and it’s been downbeat for the big four banks Down Under.
Easy to use, easy to set up.
Series C raise includes Elavon and National Australia Bank.
As well as shutting down 15-20% of its IT applications.
Royal Commission roasts them in its interim report.
NAB Ventures up for more start-up adventures.
Australian app created by CBA, NAB and Westpac.
Death is no excuse when it comes to banking fees.
Speckle is launched in Australia – a new service offering small loans under $2,000.
Users can now perform tasks such as requesting their account balance or getting details on their latest deposits.
Will also increase hub’s workforce by 70% in 2018.
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
National Australia Bank (NAB) will make 6,000 job cuts over the next three years with its digital banking revamp and long-term strategy to maintain profit. Andrew Thorburn, NAB’s CEO, says: “I think all big businesses – particularly incumbent businesses – the reshaping of the workforce is going to be significant. And I think it’s important […]
Three of Australia’s largest banks, The Commonwealth Bank (CBA), National Australia Bank (NAB) and Westpac have partnered to create Beem – a new mobile peer-to-peer (P2P) payments platform.
Payments industry participants in countries about to embark on, or in the early days of, real-time and instant payments infrastructure projects should acknowledge that “it doesn’t all have to happen on day one”.
National Australia Bank (NAB) has unveiled a complete overhaul of its existing business standard loan form contracts that will “benefit” over 130,000 Australian business owners.
Four Australian banks, Australia and New Zealand Banking Group (ANZ), Commonwealth Bank, National Australia Bank (NAB) and Westpac are now live or planning to implement Swift’s global payments innovation (gpi) initiative. According to Swift, these Australian banks represent over 80% of cross-border payments flow for Australia. The banks all say the same stuff – so […]
UBank, a subsidiary of National Australia Bank (NAB), has launched RoboChat, Australia’s “first virtual assistant” for online home loan applications. RoboChat will guide customers through the online mortgage form by providing real-time input on questions like “what term do you offer on home loans?” and “do you offer redraws and how do they work?”. Lee […]
Apple Pay has emerged victorious in its long-running feud with four domestic banks over their permission to collectively bargain with Apple and boycott Apple Pay. The Australian Competition and Consumer Commission (ACCC) has issued a determination denying authorisation to the Commonwealth Bank of Australia (CBA), Westpac, National Australia Bank (NAB), and Bendigo and Adelaide Bank […]
Morgan Stanley and National Australia Bank (NAB) are understood not to be renewing their membership with the R3 blockchain consortium.
Bank of China (Hong Kong) (BOCHK) has used Bolero’s ePresentation solution for its first-ever electronic back-to-back documentary credit, reducing the time required to help a large iron ore shipment from Australia to China. The transaction was arranged jointly with NAB (National Australia Bank) and China Guangfa Bank.
National Australia Bank (NAB) says it has successfully transferred AU$10 ($7.6) – using Ripple’s blockchain tech – from Australia to Canada. It took ten seconds to process.
National Australia Bank (NAB) appears to be entering the final stages of its seven-year Oracle-based “NextGen” core banking overhaul. The bank originally planned to build an in-house mortgage origination platform, beginning with its digital banking subsidiary UBank. But that was scrapped – with the loss of AU$106 million ($81 million) – and Oracle FSS was […]
National Australia Bank (NAB) will launch a new mobile banking app later this year – which promises to give customers more control over how, when and where they use their cards. The new app will include card transaction controls to self-manage personal Visa debit and credit cards through a mobile device. And, in an “Australian […]
National Australia Bank (NAB) and telco firm Telstra have partnered for an SME digital marketplace called Proquo. Proquo will offer more than two million Australian small businesses an online platform to network, trade or swap services with each other. Leigh O’Neill, NAB executive general manager micro and small business, says: “Small business is the backbone […]