Signal Feed

ANZ faces ASIC inquiry into AI-driven mortgage affordability scoring after complaints of demographic bias in regional postcodes.

ANZ confirms multi-year Microsoft Azure OpenAI partnership for wholesale banking transformation — deal value undisclosed.

One major bank discloses automated lending decision error affecting ~1,200 customers — remediated within 14 days, NDB notification filed.

Suncorp technology investment increases 28% YoY driven by AI-enabled claims automation and digital distribution transformation.

QBE Australia required to remediate undocumented AI pricing model by Q4 2026 following APRA model risk review.

CSIRO's National AI Centre expands budget to AU$180M for FY2026–27, adding three new industry partnership programs.

Retail sector average AI governance score 42.1 — lowest of any sector — despite leading on adoption at 76.3.

Wesfarmers establishes dedicated AI product team of 250 engineers — AU$180M FY2026 technology investment increase.

OAIC investigates Melbourne private hospital over AI consent framework — patients not informed AI analysed their records.

AGL Energy deploys AI grid balancing system across 2.1GW of renewable assets — 14% reduction in curtailment losses.

SA Power Networks uses AI predictive maintenance to reduce unplanned outages by 22% — 1.4M customer connections covered.