Robo calls drive a 900pc spike in tax scams, while cryptocurrency cons lure Australians in droves29/04/2019 Anonymous News
Australian consumers lost more than $489 million to scammers last year while local businesses surrendered more than $60 million to criminal fraudsters, according to the Australian Competition and Consumer Commission (ACCC’s) annual Targeting Scams report.
ASIC to develop voice analysis capability to detect dodgy sales calls26/04/2019 Anonymous News
ASIC is set to develop a next-gen solution to weed out unscrupulous sales calls, seeking industry support to develop a new voice analysis capability that can detect unethical conduct and boost regtech-based surveillance of life insurers.
Movers and Shakers | March–April, 201911/04/2019 Patrick Buncsi News
The month of March and early April saw a number of high-profile appointments and departures across the financial services sector, with noteworthy additions to AIA, BOQ and MLC Life.
Why a lack of collaboration between govt and FSIs is hurting our collective cyber defence – David Fairman, NAB, at the Future of Security11/04/2019 Patrick Buncsi News
Australian government and private sector collaboration in cybersecurity lags significantly behind global leaders and must progress “a lot further” to boost the collective security posture of both industry and the public sector and to take on new and emerging threats, according to NAB’s chief security officer, David Fairman.
APRA reveals key partner in data reporting platform overhaul04/04/2019 Anonymous News
Australia’s chief prudential regulator, APRA, has announced it has selected a new partner to overhaul its data reporting platform, used by more than 4,500 financial services institutions around the country to meet mandatory reporting commitments.
APRA seeks industry guidance on new cyber-crime standard27/03/2019 Anonymous News
Australia’s chief prudential regulator, APRA, is seeking feedback from financial services on a proposed cross-industry guide to manage cyber risk and resist cyber-crime.
ASB releases personal asset tracking tool27/03/2019 Anonymous News
CBA-owned ASB Bank has announced the official release of a new asset and investment tracker dubbed 'Wealth Central'.
Reimagining Life in a post-Royal Commission world – Sarv Girn at the Future of Insurance27/03/2019 Patrick Buncsi News
While the landscape may appear “bleak” for life insurers in the wake of the Royal Commission, the industry has an opportunity to “hit the reset button” and to capitalise on new technologies sweeping the industry that could positively transform their relationships with customers, says MLC Life’s Chief Innovation and Transformation Officer, Sarv Girn.
Banking execs challenged by tech deployments in 2019 – FST survey14/03/2019 Patrick Buncsi News
Executives from Australia’s top banking institutions have expressed unease over their impending technology deployments, with a clear majority of surveyed delegates rating it as their biggest challenge for 2019.
Generali reveals game-changing add-on to virtual assistant – FST Future of Insurance13/03/2019 Patrick Buncsi News
Generali’s chief digital transformation officer, Brad Rutta, has revealed a major upgrade to the global insurer's virtual assistant, announcing the forthcoming release of an automatic claims processing engine.
The ‘key differentiator’ in platform development – Sarah Harland at the Future of Insurance12/03/2019 Patrick Buncsi News
Data scientists have been heralded as the ‘secret sauce’ in the development of next-generation insurance platforms.
An ‘industry first’ – CBA to trial 5G network with Telstra, Ericsson27/02/2019 Patrick Buncsi News
CBA will be among the first Australian banks to trial the hotly anticipated 5G network, joining telco heavyweights Telstra and Ericsson in capability testing on the next-gen wireless service.
CommBank legal chief to depart26/02/2019 Anonymous News
The Commonwealth Bank's legal chief Anna Lenahan has announced her forthcoming retirement from the company. Lenahan will depart CBA at the end of June.
QBE underwrites Australia’s first automated bus service22/02/2019 Anonymous News
QBE Insurance has announced it will back "Australia's longest" driverless bus route, providing the necessary insurance to run the automated shuttle service on public roads.