Technology news for Australian CFOs and financial decision-makers
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How faster data is helping financial services firms cope with new demands
Since the Royal Commission into banking in Australia shone a spotlight on the industry, banks and other financial institutions have been under more pressure than ever before to know exactly where their data is.
Growth of digital payments set to cost Australian banks US$3 billion
Banks must change their business models to avoid massive shortfall in the next five years.
Banks feeling the pressure of the digital revolution
A new report found that competition is increasing between established retail banks and the technology and ecommerce disruptors that are offering new payment solutions.
Sydney fintech firm impresses Royal Bank of Scotland Group
Sydney-based fintech firm Waddle has successfully completed a six-month pilot partnership with the Royal Bank of Scotland Group (RBS Group).
The three new fronts in the fight against fraud
Along with greater speed comes new fronts in the fight against fraud. Here are three trends to watch as financial institutions balance speed and security.
Xero to streamline bank feed system next week
Xero is hinting at new changes to its bank feeds system that could eliminate all paper application forms, manual checks and accuracy checking.
"Is this for real?" The reality of fraud against New Zealanders
Is this for real? More often than not these days it can be hard to tell, and it’s okay to be a bit suspicious, especially when it comes to fraud.
New Zealanders love digital banking - what it means for ecommerce
New Zealand consumers love online banking because of its speed and convenience, but they’re also worried about sharing too much personal data.
Australia grants first banking license to fintech startup
Restricted licensees can call themselves a “bank” but cannot “actively” conduct business and have two years to become fully licensed.
Xinja sneaks into home-loan market with Aussie credit licence
The licence is a significant step toward the company’s goal of building the first Australian, independent digital ‘neobank’.
‘Banking for blockchain’ platform raises AUD$37m in pre-ICO round
Bankera’s ‘digital bank’ will provide traditional banking and investment banking services to the blockchain marketplace including payments and loans.
Interview: The dark side of biometrics - why social engineering could destroy security
In depth with One Identity: "Anyone who has let a stranger hold an unlocked phone is putting themselves at risk of being breached."
NAB phishing scams making the rounds, MailGuard reports
A new wave of bank phishing emails is hitting recipients, this time from attackers impersonating National Australia Bank.
Kiwibank invests in financial future of young Banqers
“It demonstrates demand for financial education in schools, and affirms that there is appetite for the solution we’re providing.”
How low-code platforms enable digital transformation in ANZ banks
Technology savvy customers across ANZ are demanding for technologies such as mobile commerce and the use of smartphones for banking transactions.
Credit scores for kids on education app Banqer
"Hopefully over time this will help develop a healthy approach to credit amongst our youth.”
IntegrationWorks joins global group to help tackle banking industry conundrum
Kiwi-based IntegrationWorks has shown 'commitment' to the banking industry, by joining the Banking Industry Architecture Network (BIAN).
Ciena encryption boosts data center security for biggest Korean financial co
KB Kookmin Bank, the biggest financial institution in Korea, has boosted its security with the help of Ciena encryption capabilities.
Digital disruption on its way to the ANZ banking sector
“To compete with disruptors, financial institutions need to do a little disrupting of their own."
Are incumbent vendors holding back digital banking?
Vendors need to step up or step aside as new demands in the digital banking sector place pressure on businesses.