The Westpac Board of Directors has announced the appointment of Anthony Miller as Group CEO and Managing Director, commencing 16 December 2024.

Mr Miller, currently Chief Executive of Westpac’s Business & Wealth division, will succeed Peter King, who will retire after a 30-year career at Westpac including five years as CEO.

Westpac Chair Steven Gregg said Mr Miller is the right person to take the company into a new era.

Customer expectations of banking have changed drastically over recent years. With the rise of neobanks, the closing of physical branches, and the COVID-19 pandemic, customers are increasingly turning to digital as their primary means of banking. And with the advent of AI in all shades of services, it’s not enough for any type of financial services companies to just have a digital offering. They must be ready to offer best-in-class efficient, integrated options independent if they are consumer centric, commercial or investment banking

Thunes, the Smart Superhighway for money movement around the world, is proud to welcome OJCS “Commercial Bank Kyrgyzstan” | MBANK as a Member of the Thunes Direct Global Network. This collaboration allows MBANK to connect businesses and individuals in Kyrgyzstan directly to over 7 billion mobile wallets and bank accounts around the world, to make payments in real-time in over 130 countries and 80 currencies in a faster, more convenient, and reliable way.

iDenfy, a Lithuania-based RegTech startup specializing in ID verification and fraud prevention solutions, announced a new partnership with Bitlocus, a regulated cryptocurrency exchange platform known for its comprehensive crypto-to-fiat and fiat-to-crypto solutions. iDenfy’s full-stack Know Your Customer (KYC) solution will aim to increase conversions and help Bitlocus maintain a simple and compliant verification flow. 

 Nasdaq, today announced a new leadership structure including leadership appointment for its Financial Crime Management Technology business, designed to support the business’ strong momentum and continuing its growth trajectory.

Effective today, Brendan Brothers, EVP, Head of Financial Crime Management Technology, and Verafin Co-Founder will step back from his current executive responsibilities and will transition into a senior strategic advisory role until at least December 31, 2024.

Avelacom, the low-latency network solutions provider for global financial markets, has been selected by LTP, the leading prime broker for digital assets in Asia Pacific, to provide low-latency network services. This collaboration will benefit LTP’s clients –– hedge funds, quantitative funds like HFT companies, FoFs, and family offices –– by improving trading speeds and reliability across crypto markets.

GTreasury, the pioneer and global leader in Digital Treasury Solutions for the Office of the CFO, today announced the acquisition of CashAnalytics, the world’s leading cash forecasting and AR/AP analytics solution. More than 1,000 business entities across 40+ countries trust CashAnalytics to analyze and optimize over $100 billion in cash flow every day.

Thought Machine, the cloud-native banking technology company, today announces that its client Judo Bank, Australia's first purpose-built challenger bank for small and medium businesses (SME), has successfully migrated its lending business to Vault Core, Thought Machine’s cloud-native core banking platform, and is operating live.

Quilter, the FTSE-250 wealth manager, is pleased to announce that it has agreed to acquire NuWealth, a fintech business. This supports Quilter’s objective to enhance digital capabilities to better support customers and advisers.

A new study from Juniper Research, the foremost experts in fintech & payment markets, has found that the volume of global transactions via A2A (Account-to-Account) payments will rise from 60 billion in 2024 to 186 billion by 2029; an increase of 209%.