Asia Pacific look towards embracing technologies to advance their digital transformation strategy: F5 Networks survey
Asia Pacific organisations are keenly taking advantage of embracing emerging technologies to accelerate their digital transformation projects. F5 Networks’ (NASDAQ: FFIV) latest 2019 State of Application Services report revealed that 41 percent of Asia Pacific organisations are employing containers, and taking advantage of agile development methodologies to deliver applications smarter and faster. While such shifts present new opportunities for automation and agility, complexity levels also arise; leaving organisations with additional challenges such as enforcing consistent security and optimising reliable performance standards. “As Asia Pacific businesses look to further advance their ongoing digital transformation initiatives, the ability to modernise its application portfolio and infrastructure is taking center stage,” said Adam Judd, Senior […]
Gobbill and AAT sign collaboration agreement to provide automation and fraud checking technology to bookkeepers and their clients
Bill payment automation company Gobbill today announced that it has signed a collaboration agreement with the Association of Accounting Technicians (AAT) Australia. Gobbill and the AAT will work together to help support bookkeepers and accounting technicians with cutting edge technology. “The spike in online fraud combined with the convenience of new automation technologies are the two key factors why many people need Gobbill,” said Shendon Ewans, CEO and co-founder of Gobbill. “Our collaboration with the AAT spans many initiatives but crucially bring awareness to the Australian industry of what is occurring and how they can address some of the issues.” According to ACCC’s ScamWatch, false billing alone has increased by […]
DigitalX Ltd teams with MailGuard to develop blockchain based cybersecurity network
DigitalX was recently appointed as adviser for two major initial coin offerings. DigitalX Ltd (ASX:DCC) has been appointed corporate advisor to MailGuard, the world’s largest private Software as a Service (SaaS) email security company. DigitalX will advise MailGuard in the development of a blockchain cybersecurity ecosystem called GlobalGuard. Based out of Perth and New York, DigitalX provides initial coin offering (ICO) advisory services, blockchain consulting services and software development A new method to fight cybercrime In a world first, GlobalGuard will combine artificial intelligence (AI) and Blockchain technology to identify emerging email-borne cyber threats.Global spending on cybersecurity products and services is predicted to exceed $1 trillion by 2021. GlobalGuard is […]
Collaboration with industry and regulators key to enhancing RegTech innovation
Industry delegates gathered at a high-level event in Singapore on the 16th of November, calling for financial institutions and regulators to work more collaboratively with start-ups to enhance RegTech innovation across the region. Hosted by Deloitte, Austrade and The RegTech Association, the event was held as part of Singapore’s inaugural FinTech Festival, and was attended by the Australian High Commissioner, the Hon. Bruce Gosper. At the event, industry influencers, government officials, tech start-ups and entrepreneurs came together to discuss strategies for driving cross-industry and cross-border collaboration, and opportunities to safeguard against financial crime with RegTech solutions. Julian Fenwick, Chair of The RegTech Association and Managing Director of GRC Solutions, a […]
Government to strengthen money laundering rules, regulate bitcoin
The government will strengthen money laundering laws, including bringing bitcoin providers under the government’s financial intelligence unit, after the fresh scandal at Commonwealth Bank. The government said a coming bill would be the first stage of reforms to strengthen the country’s Anti-Money Laundering And Counter Terrorism Financing Act. “The threat of serious financial crime is constantly evolving, as new technologies emerge and criminals seek to nefariously exploit them. These measures ensure there is nowhere for criminals to hide,” Minister of Justice Michael Keenan said, without specifying when the legislation would be introduced. The bill will also aim to bolster the investigative and enforcement powers of the financial intelligence agency AUSTRAC. […]
Fear and loathing from Silicon Valley
By Jacqui Henderson, Founder & CEO – Advice Intelligence An all-pervasive feature of modern life is the speed of technological change, and of our collective capacity to adapt to the multiple impacts of change. It is natural to question the benefits: does the constant challenge to keep up and adapt simplify my life or make it ever more complex? Would a fully-automated advice capability drive better service standards and outcomes for my advice business and my clients, or does it simply make my job redundant? Is all the talk of technological revolution that ricochets around the world out of Silicon Valley, the advent of artificial intelligence and robotics, and the […]
Banking disruption ‘hasn’t even begun’
While there is plenty of talk of fintech impacting financial institutions, we are still in the early stages of disruption, says MoneyMe chief executive Clayton Howes. Speaking at a Sydney fintech meetup held at KPMG’s Barangaroo headquarters last week, Mr Howes said disruption by the sector’s entrepreneurs has a long way to go. “Fintech hasn’t even begun to disrupt banking yet. Wait until you see what’s about to hit over the next few years, as consumers become increasingly accustomed to faster, more convenient and more personalised ways of interacting with their own money,” he said. “They will continue to demand more from financial institutions, and it will be the fintechs […]
Fintech to have ‘big impact’ on brokers
The rise of fintech is set to see brokers transforming themselves to match changing customer expectations, an expert has said. As fintech and insurtech continue their rise in the industry, Bill Sullivan, head of global financial services market intelligence at Capgemini, said that the rise of technology will impact brokers and their relevance to customers. “The growth of fintech firms and their rising acceptance by customers will definitely have a big impact on the intermediaries associated with the insurance industry,” Sullivan told Insurance Business. “Now, intermediaries have to transform themselves by leveraging technology and catering to customers’ changing needs and preferences to stay relevant in the business.” Brokers don’t only […]
