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Data

Data will be of the utmost importance in reshaping the banking landscape, according to the Reserve Bank’s head of financial stability.

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The UBank app will use machine learning to give customers a more complete breakdown of their finances, with a predictive spending function slated for 2020.

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The vast majority of Australians remain in the dark on open banking, with more than three-quarters (77 per cent) saying they do not know about it, according to a new study.

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Westpac has rolled out a new Microsoft Azure-based platform which draws on data sources from across the bank to deliver real-time business insights.

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Life insurer TAL has partnered with Deloitte to deploy a regtech solution using artificial intelligence (AI) and voice recognition.

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