Market Chatter: Westpac Banking Uses AI Agents to Assess Mortgage, Credit Card Applications, AFR Reports

MT Newswires Live

Aug 05

Westpac Banking's (ASX:WBC) workers are using artificial intelligence agents in a multi-agent system, built using AWS's Bedrock AgentCore system, to assess mortgage and credit card applications, the Australian Financial Review (AFR) reported on Wednesday, citing the bank's chief digital, data, and AI officer, Andrew McMullan.

One agent assessed borrowers' accounts, classifying transactions to reduce the need for manual reviews, another extracted payslip data, while a third verified the income and conducted the calculations against lending policies.

The agents processed over 1.5 million transactions and saved 12,500 hours for workers in July, the first month of operation.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers HK | Online Trading in stocks, bonds & ETFS","description":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","keywords":"tiger trading,tiger security,tiger broker hk,tigers co ltd,tiger trade hk,tiger brokers hk,stock broker,securities broker,online brokerage,hong kong broker,hk broker,online stock trading,online trading platform,stock trading platforms,trading application,stock trading,stock trading hong kong,buying stocks in hong kong,tiger brokers","social":{"ogDescription":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.gotigerhk.com/news/2657591931"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"HKG","license":"TBHK","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2657591931\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2657591931?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-08-05 10:47","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2657591931","market":"sh","top_or_hot":-1,"title":"Market Chatter: Westpac Banking Uses AI Agents to Assess Mortgage, Credit Card Applications, AFR Reports","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/WBCPI.AU\">Westpac Banking</a>'s (ASX:WBC) workers are using artificial intelligence agents in a multi-agent system, built using AWS's Bedrock AgentCore system, to assess mortgage and credit card applications, the Australian Financial Review (AFR) reported on Wednesday, citing the bank's chief digital, data, and AI officer, Andrew McMullan.</p><p>One agent assessed borrowers' accounts, classifying transactions to reduce the need for manual reviews, another extracted payslip data, while a third verified the income and conducted the calculations against lending policies.</p><p>The agents processed over 1.5 million transactions and saved 12,500 hours for workers in July, the first month of operation.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Chatter: Westpac Banking Uses AI Agents to Assess Mortgage, Credit Card Applications, AFR Reports</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket Chatter: Westpac Banking Uses AI Agents to Assess Mortgage, Credit Card Applications, AFR Reports\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-08-05 10:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/WBCPI.AU\">Westpac Banking</a>'s (ASX:WBC) workers are using artificial intelligence agents in a multi-agent system, built using AWS's Bedrock AgentCore system, to assess mortgage and credit card applications, the Australian Financial Review (AFR) reported on Wednesday, citing the bank's chief digital, data, and AI officer, Andrew McMullan.</p><p>One agent assessed borrowers' accounts, classifying transactions to reduce the need for manual reviews, another extracted payslip data, while a third verified the income and conducted the calculations against lending policies.</p><p>The agents processed over 1.5 million transactions and saved 12,500 hours for workers in July, the first month of operation.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WBC.AU","symbol_name":"WESTPAC BANKING CORPORATION","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2657591931","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2657591931","pubTimestamp":1785898042,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Westpac Banking's  workers are using artificial intelligence agents in a multi-agent system, built using AWS's Bedrock AgentCore system, to assess mortgage and credit card applications, the Australian Financial Review  reported on Wednesday, citing the bank's chief digital, data, and AI officer, Andrew McMullan.One agent assessed borrowers' accounts, classifying transactions to reduce the need for manual reviews, another extracted payslip data, while a third verified the income and conducted the calculations against lending policies.The agents processed over 1.5 million transactions and saved 12,500 hours for workers in July, the first month of operation.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"WBC.AU":"WESTPAC BANKING CORPORATION","BK7135":"综合性银行","WBC.NZ":"Westpac Banking Corporation Ordinary Shares","CHAT":"ROUNDHILL GENERATIVE AI & TECHNOLOGY ETF","VTHR":"Vanguard Russell 3000 ETF","AIPO":"Defiance AI and Power Infrastructure ETF","ARTY":"ISHARES FUTURE AI & TECH ETF","QTOC":"Innovator Growth Accelerated Plus ETF - October","AFR.AU":"African Energy Resources Ltd","AGIX":"通用人工智能 ETF-AGIX","BK7511":"ESG概念","BK8062":"综合性银行"},"translate_title":"市场聊天：西太平洋银行使用人工智能代理来评估抵押贷款、信用卡申请、AFR 报告","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CHAT":1.5,"QTOC":1.5,"ARTY":1.5,"VTHR":1.5,"AFR.AU":1,"WBC.NZ":1.5,"WBC.AU":1,"AIPO":1.5,"AGIX":1.5},"content_text":"Westpac Banking's (ASX:WBC) workers are using artificial intelligence agents in a multi-agent system, built using AWS's Bedrock AgentCore system, to assess mortgage and credit card applications, the Australian Financial Review (AFR) reported on Wednesday, citing the bank's chief digital, data, and AI officer, Andrew McMullan.One agent assessed borrowers' accounts, classifying transactions to reduce the need for manual reviews, another extracted payslip data, while a third verified the income and conducted the calculations against lending policies.The agents processed over 1.5 million transactions and saved 12,500 hours for workers in July, the first month of operation.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}