Westpac to Hire Hundreds of Bankers in Business Lending Push

Westpac Banking Corp., one of Australia's largest banks, is set to hire 350 additional bankers as part of its strategy to boost business lending. The bank aims to expand its presence in the business lending market, which has become increasingly competitive. To support this initiative, Westpac will also be leveraging artificial intelligence (AI) technology to enhance its lending processes and decision-making. The use of AI is expected to streamline the bank's operations, improve efficiency, and provide more personalized services to its business customers. The move comes as Westpac seeks to capitalize on the growing demand for business loans, particularly from small and medium-sized enterprises. The bank's focus on this segment aligns with the broader trend of increasing business investment and economic recovery in Australia. By bolstering its workforce and embracing new technologies, Westpac aims to strengthen its position in the business lending market and better serve the evolving needs of its corporate clients.