Westpac

Australia's headline inflation rate fell into the RBA’s 2-3 per cent target band for the first time in three years in the September quarter. However, while the Reserve Bank will welcome fresh evidence that the disinflationary trend is on track, the bar is still too high for an interest rate cut this year, says Westpac Chief Economist Luci Ellis. #economy #inflation #interestrates Read more: https://lnkd.in/gZam9Hur

Community awareness around fraud and scams is increasing, and that’s a good thing. However, it’s also something the scammers are looking to exploit by luring people into taking actions to protect themselves which unwittingly have the opposite effect. Bank impersonation scams can be particularly effective in this way, and the fraud and scams prevention team at Westpac continues to see people falling for these.  #scams Read more: https://lnkd.in/gM2K9_wE

Australian households received a welcome income boost from Stage 3 tax cuts which kicked in on July 1, but rather than go on a spending splurge many of them have put the extra cash into savings or used it to pay down debt. That's the key takeaway from the Westpac-Data X Consumer Panel, which uses de-identified data from over a million customers to give valuable insights into trends in consumer finance. Westpac economist Jameson Coombs says the findings from the Consumer Panel will offer comfort to the inflation-wary RBA. Full story: https://lnkd.in/gyKtXtqw

Check out how a career at Westpac could work for you. Learn more: https://lnkd.in/ghCgCUDp

Westpac is starting a pilot program with carbon management fintech Cogo to help the bank's customers make more informed decisions about the energy efficiency of their homes and businesses. The pilot emerged from a reverse pitch event hosted by FinTech Australia in February this year, which brought big banks and fintechs together to help address some of the industry’s biggest challenges in payments, frauds and scams, and sustainability. #sustainability #energyefficiency David Walker Ben Gleisner Rehan Mark D'Almeida Read more: https://lnkd.in/gtjbAGrD

BCI Minerals is building Australia’s first major #salt project in more than two decades on the Pilbara coast of Western Australia. It’s also expected to be the nation’s largest once it ramps up to full production, producing over 5 million tons of industrial salt a year to supply growing demand for the versatile mineral from manufacturers across Asia. Wire caught up with BCI's MD & CEO David Boshoff and CFO Stephen Fewster to find out more about the Mardie project, while Westpac relationship manager James Duncan talks about the bank's role as lead arranger of a $981 million finance facility to support the development. #criticalminerals Full story: https://lnkd.in/gfFr2uWG

If Donald Trump’s 2016 election win is anything to go by, the Australian dollar could fall sharply if he emerges victorious from the November 5 poll. However, the Aussie’s longer-term prospects under a Trump administration are not so clear cut, says Westpac’s Head of FX strategy Richard Franulovich, CQF. #FX #forex #AUD Read more: https://lnkd.in/gaUASTjQ

Indigenous Business Month is an opportunity to showcase the breadth of the Indigenous economy, says Jenni Walke, founder and principal consultant of Elephant in the Room Consulting.   “There is an Indigenous business for literally everything you can imagine in the world, from telcos and satellites, to AI and cyber security. We don’t just have artists,” says Walke, who encourages businesses to consider allocating more of their procurement spending to Indigenous suppliers. #indigenousbusinessmonth Full story: https://lnkd.in/gamFy5VM

Westpac is a cornerstone investor in Virescent Ventures' second climate tech investment fund, which will support innovative startups who are tackling some of the biggest challenges posed by the clean energy transition 🌿.  One such innovator is Relectrify, a beneficiary of Virescent's inaugural fund, which is developing technology to improve the efficiency and longevity of battery energy storage systems. 🔋 💡 Jeff Renaud Peter Herbert #ClimateTech #ClimateStartUps #EnergyTransition #Innovation https://lnkd.in/gzbWs_VA

Cyber security is everyone’s business. Help protect yourself from cybercrime by keeping your devices up-to-date by regularly checking and installing the latest software. It’s important to always be running the latest version of your Westpac Banking app. Learn more: https://lnkd.in/gfwgcWBA