TechDay Australia - Australia's technology news network

Digital Banking stories

Cloud & Digital Banking solutions allow banks, credit unions and financial institutions to host computing services via the Internet, which helps them to be more efficient and reactive. Types of services include data storage, servers, or communication and networking as well.

Banking institutions deliver tools and solutions such as payment gateways, digital wallets, and secure online payments. The major strength of cloud banking comes from the private cloud used to manage these solutions, which increases the reliability and the flexibility of it.
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Why identity management is an essential investment for Australian financial services providers in 2025
2 days ago
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Allaying rising concerns about privacy and security is critical for organisations and institutions that want to survive and thrive.
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Commonwealth Bank uses AI to enhance customer service
Last week
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Commonwealth Bank of Australia is leveraging AI to improve customer service, reducing scam losses by 50%, fraud by 30%, and call wait times by 40%.
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UK elderly urge banks to keep branches amidst digital age
Last month
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fintech
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digital literacy
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digital divide
A staggering 88% of older UK residents believe banks should retain physical branches, highlighting concerns over the digital divide and access to services.
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Rent The Roo partners with GoCardless to cut dishonour fees
Last month
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digital banking
GoCardless has teamed up with Rent The Roo to enhance payment experiences, eliminating dishonour fees and improving payment success rates for customers.
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Surge in financial phishing attacks in Southeast Asia
Last month
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Kaspersky has revealed a staggering 330,000 financial phishing attacks in Southeast Asia in early 2024, a rise of 41% from last year.
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EastWest Bank partners MoEngage for digital innovation
Last month
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digital transformation
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EastWest Bank has teamed up with MoEngage to enhance its digital banking experience with tailored engagement solutions for clients across various sectors.
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CommBank app updates enhance security against scams
Last month
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cryptocurrency
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blockchain
CommBank has unveiled new security features for its mobile app, including digital wallet reviews and scam warnings, to enhance customer protection against fraud.
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Exclusive: Australians express rising concern over AI in Cohesity survey
Wed, 16th Oct 2024
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data protection
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ransomware
A new survey by Cohesity reveals that 93% of Australians are increasingly concerned about how AI affects data security, far surpassing worries in the US and UK.
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Tandem Bank expands with Cogo on carbon management app
Tue, 15th Oct 2024
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Cogo and Tandem Bank are deepening their partnership to introduce a carbon management feature in Tandem’s banking app, promoting greener consumer choices.
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Emerge secures $12m to revolutionise NZ banking
Mon, 14th Oct 2024
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New Zealand's challenger bank Emerge has raised USD $12 million in Series A funding to enhance its digital banking services for local businesses.
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People First Bank sees growth in profit & loans post-merger
Tue, 8th Oct 2024
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People First Bank has reported a 29% net profit increase to USD $41.4 million in its first year post-merger, alongside significant technological advancements.
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State of Digital Quality 2024: 100,000 bugs uncovered in Europe
Wed, 2nd Oct 2024
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A new report from Applause reveals nearly 100,000 digital bugs across Europe, urging companies to adopt comprehensive digital quality frameworks to mitigate issues in key domains.
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Survey: Security top concern for online banking in Singapore
Tue, 24th Sep 2024
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cloud services
A new FIS survey reveals security is the top concern for online banking in Singapore, with 56% noting increased fraud attempts and millennials most affected.
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Visa Cross-Border solutions: Enhancing Australia's B2B payments
Tue, 13th Aug 2024
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Visa Cross-Border Solutions, in partnership with Currencycloud, is revolutionising B2B payments in Australia by enhancing multi-currency transactions.
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New CFO for Zempler Bank as it rebrands from Cashplus
Thu, 8th Aug 2024
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fintech
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cfo
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capital management
Dominic Wade joins newly rebranded Zempler Bank as CFO and Executive Director, bringing two decades of financial expertise from Alba Bank, Unity Trust Bank, and NatWest.
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UK leads the way in cashless payments, outpacing the US
Fri, 26th Jul 2024
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financial systems
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payment technologies
The UK leads the charge in adopting contactless payments, as Marqeta's report reveals 80% of UK consumers used them last week, nearly double that of the US.
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MYOB rebrands ERP platform to MYOB Acumatica in partnership
Thu, 18th Jul 2024
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financial systems
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MYOB rebrands its ERP platform as MYOB Acumatica in an expanded strategic partnership with Acumatica, aiming to enhance mid-market business operations in Australia and New Zealand.
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Australian banks lead in AI adoption but face key challenges
Thu, 18th Jul 2024
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Australian banks lead AI adoption with 83% implementation rate, but face hurdles like poor data strategy, employee resistance, and leadership challenges, study reveals.
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Tackling the financial services talent shortage: Key to driving digital transformation
Wed, 17th Jul 2024
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data analytics
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digital transformation
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fintech
The financial services sector in the UK is grappling with a severe talent shortage, as 160,000 workers need upskilling to drive essential digital transformation.
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GoCardless & ICE InsureTech partner to streamline payments
Wed, 17th Jul 2024
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fintech
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payment technologies
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insurance
GoCardless and ICE InsureTech collaborate to streamline bank payment collections for insurance firms in Australia and New Zealand, enhancing efficiency and reducing costs.