FST Australia

FST is a leading authority on technology and digital advancements within the financial and government services industries, operating throughout Australia, New Zealand, and Southeast Asia. FST features two main brands: FST Media, which focuses on the financial services sector, and FST Gov, our specialized platform for government services. We organize top-notch conferences, roundtables, and smaller events that connect industry leaders with up-and-coming competitors, while also offering valuable assistance to technology vendors.

Trade/B2B

English

Online/Digital

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Domain Authority

Ranking

Global

#1748051

Australia

#78126

Finance/Finance

#722

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Monthly visitors

Articles

Payday super shouldn’t be on Australia’s fast payment rails: GNGB

2 weeks ago | fst.net.au | Patrick Buncsi

Policymakers should reconsider the requirement for Payday Super to be run through the New Payments Platform (NPP), with warnings sounded over unresolved gaps in the fast payments rail’s functionality and untested B2B payments capabilities. Super industry payments and data standards authority the Gateway Network Governance Body (GNGB) has urged the Government to delay the addition of Payday Super to the NPP, allowing “more time to mature and develop sustainable solutions”.
ANZ accepts CEU, with APRA finding ‘root causes’ of risk failings unresolved

3 weeks ago | fst.net.au | Patrick Buncsi

Prudential regulator APRA has accepted a court enforceable undertaking (CEU) from and imposed a higher capital add-on to the Australia and New Zealand Banking Group (ANZ), expressing “long-standing concerns” over the bank’s non-financial risk management practices and risk culture”.
Customer data deficit the Achilles' heel for life insurers

4 weeks ago | fst.net.au | Patrick Buncsi

Despite their enormous information advantage, bigtech firms – including AWS, Meta and Google – have yet to make their long-anticipated move into the lucrative insurance space. However, Dr Doron Samuell, a Canberra-based academic, behavioural economist and former chief medical officer, has warned that traditional insurers, and particularly life insurance providers, may be on borrowed time, with bigtechs yet to fully realise “how truly profitable it could be”.
Warnings sounded over ‘cyberwashing’ practices by Australian businesses

1 month ago | fst.net.au | Patrick Buncsi

A leading cybersecurity researcher has signalled for Australian companies that engage in misleading claims regarding their own cybersecurity capabilities – a practice referred to as ‘cyberwashing’ – to face stiffer criminal penalties under a reinforced legal framework, with the practice seen to undermine industry’s ability to curtail cyberattacks.
TMB names former ASX tech chief as CIO

1 month ago | fst.net.au | Patrick Buncsi

Teachers Mutual Bank (TMB) has appointed Dan Chesterman, former tech chief of the Australian Securities Exchange (ASX), as chief information officer. Chesterman replaces Christopher Olter in the senior technology role. TMB confirmed Olter, who was appointed CIO in August 2023, left the business at the end of January this year after announcing his resignation in late 2024.
AustralianSuper hit with $27m fine

1 month ago | fst.net.au | Patrick Buncsi

The Federal Court has handed Australia’s biggest industry super fund a $27 million fine for its failure to inform members of duplicate accounts. Federal Court Justice Lisa Hespe labelled the compliance breach – prosecuted by regulator ASIC – as “serious and highly concerning”.
AFCA hails passage of world-first Scams Prevention bill

2 months ago | fst.net.au | Patrick Buncsi

The Federal Government’s successful passage of the Scams Prevention Framework Bill 2025 has been hailed by Australia’s chief financial complaints authority as a “significant step forward” in combating the nation’s multi-billion-dollar scam scourge. The Australian Financial Complaints Authority (AFCA), set to be a key player in the anti-scams scheme, welcomed the legislation, which it said would bring together relevant sectors necessary to “effectively disrupt and prevent scams”.
Movers & Shakers, Financial Services | Weekly Edition (13 February, 2025)

2 months ago | fst.net.au | Patrick Buncsi

In our first edition of Movers and Shakers for 2025: senior Telstra tech joins Bendigo Bank as new CTO; Assistant Treasurer & Finance Minister and ABA chief announce forthcoming retirements; and Westpac unveils Miller’s successor as business banking head. ◼️ Bendigo Bank has announced Kieran O’Meara (pictured) as its next Chief Technology Officer (CTO).
Cbus hit with new APRA EU

2 months ago | fst.net.au | Mike Taylor

Big industry fund, Cbus, has been hit with another enforceable undertaking imposed by the Australian Prudential Regulation Authority (APRA). APRA announced it has taken further action to address material prudential concerns identified with United Super Pty Ltd (United Super) and to support improved outcomes for its members.
Unprepared and scared: Finance staff fear growing AI presence at work

2 months ago | fst.net.au | Patrick Buncsi

With the increasing and seemingly inevitable presence of artificial intelligence (AI) technologies in the workplace, a significant majority of finance workers have expressed fears over ongoing job security and their perceived lack of skills to effectively make use of the technology, according to a new financial workforce survey.