Displaying items by tag: major banks

An apparent focus by New Zealand’s four major banks on maintaining profit margins has resulted in ongoing underinvestment in their core technology platforms, according to the draft report from the from the market study just released by the country’s competition regulator the Commerce Commission.

The telecommunications industry regulator, the Australian Communications and Media Authority (ACMA), has signed a memorandum of understanding (MOU) with the Australian Financial Crimes Exchange (AFCX) which enables the exchange of information about unauthorised mobile number porting when it’s used for scams, fraud and financial crime.