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