Displaying items by tag: banks

Changes to Westpac Group's digital gambling block feature mean more customers can restrict their spending on gambling.

Published in Your Tech

Australia’s banking sector is transitioning to fully embrace digital financial wellness as a way of gaining and keeping customers, ensuring banks remained ingrained in the day-to-day financial decisions of consumers, according to a new data by Forrester Consulting commissioned by banking platform Backbase.

Published in Business IT

The competition watchdog the ACCC has granted interim authorisation to allow the Australian Banking Association (ABA) and banks to continue to work together on a variety of existing COVID-19 related relief packages, so they can respond to any further outbreaks as required.

Published in Market

Scammers have stolen more than $7.2 million from Australians so far this year by gaining access to home computers, an increase of 184% compared to the same period last year.

Published in Security

Payments technology company mx51 has raised $25 million in a Series A round led by Acorn Capital, Artesian, Commencer Capital and Mastercard. 

Published in Strategy

Australia’s second largest telco Optus says that in 10 years working together with global anti-phishing and online brand protection company FraudWatch they have taken down more than 3,171 phishing emails, brand abuse, fake mobile apps and fake social media sites.

Published in Security

Spending on Regtech systems that enable banks and other heavily regulated sectors to meet their compliance burdens, will exceed US$130 billion in 2025, from US$33 billion in 2020, according to new report.

Published in Enterprise Solutions

Data aggregation and data analytics platform for digital financial services, Envestnet | Yodlee, has qualified with the ACCC as an Accredited Data Recipient under the Consumer Data Right (CDR).

Published in Business IT

More than 50% of US consumers wanting to change banks would consider a digital-only bank, according to a new survey that also reveals the same findings reflected in a similar UK survey.

Published in Market

Australians are showing a greater preference for contactless payments during the COVID-19 pandemic, according to debit card provider eftpos which is claiming 400% growth of its mobile payments business.

Published in Market

Debit card provider eftpos has started rolling out digital payments solutions aimed at businesses it says that want more choice and potential savings in the challenging COVID environment.

Published in Enterprise Solutions

Employment demands for Australian executives are at historically low levels despite a rise of 14% in demand for August, as advertising for executive positions continues to rise post lockdown and “cracks appear” in the working from home alternative, according to a new report from the chief of executive search firm EL Consult, Grant Montgomery.

Published in Recruitment

The APAC region Singapore-based cloud native banking technology firm Thought Machine claims there is an “innovation gap” in the Asian banking market and banks which are running on outdated core banking technology and have not upgraded to the latest core banking systems need to do so to remain competitive.

Published in Strategy

Business to business telecommunications company, More Telecom, says it is pushing further into the SME market, with the launch of a payment services business.

Business email compromise scams cost Australian businesses $132 million in losses in 2019, causing the highest losses across all scam types for the year.

Published in Security

Two-thirds of banking executives believe that new technologies such as Artificial Intelligence (AI) and machine learning will continue to have the greatest impact on the global banking sector in the next five years, according to a new report conducted by the Economist Intelligence Unit (EIU) for banking software company Temenos.

Published in Market

Consumer advocacy group CHOICE claims Australian banks have "pocketed" $6.3 billion over the last decade by failing to pass interest rate cuts onto credit card customers.

Published in Market

GUEST OPINION BY Todd Gorsuch, CEO, Customer Science: Heightened customer demand and a need for staff to work from home are causing big headaches for contact centres around the country.

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