Cyber Security

Apr
03

Arctic Intelligence warns many Australian businesses may be vulnerable to financial crime

Arctic Intelligence, a market-leader in financial crime prevention audit, risk and compliance software, warned today that many Australian businesses may be unaware that their internal risk assessment processes do not go far enough; leaving them vulnerable to money laundering, terrorist financing, sanctions and regulatory non-compliance. With organised crime is estimated to cost the Australian economy […]

By Australian FinTech | FinTech
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Aug
14

NAB looks to cloud power as it enters AI era

National Australia Bank’s technology and operations chief has said aggressive plans to move to cloud-based systems and refocus its workforce around digital capabilities, is already dramatically changing how it functions, as the institution looks to set itself up for the artificial intelligence era of automated processes. Speaking to The Australian Financial Review alongside a Sydney […]

By Reposted by Australian FinTech | Banking . FinTech
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Aug
12

Research reveals most Australians have accepted they are powerless to prevent cyberfraud

Most Aussies believe they will have their personal financial information stolen online, but many have accepted it as ‘normal’, a study revealed. Three quarters of Australians are worried they can’t protect their personal and financial information from cyberfraud, while 87 per cent now accept that data breaches and hacks are the new normal, new research […]

By Reposted by Australian FinTech | FinTech
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Aug
10

Raiz chooses Versive’s AI-powered cybersecurity solution to strengthen financial security and compliance

Versive, Inc., an award-winning AI-based cybersecurity company based in Seattle, U.S, today announced that Raiz Invest, a mobile first micro-investment platform based in Australia, is using the Versive Security Engine (VSE) to help protect sensitive customer data and comply with financial regulations. Raiz provides customers an easy way to regularly invest either small or large […]

By Australian FinTech | FinTech
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Jul
30

Navigating compliance in a borderless world

The regulatory landscape for financial services and fintech companies is rapidly changing. The industry continues to be subject to increasingly strict legal and regulatory requirements, and cybersecurity is top of mind for businesses. The cross-border money transfer space requires navigation of these complexities up and down the payments stack. Cross-border payments by definition require businesses […]

By Reposted by Australian FinTech | FinTech . Payments
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Jul
16

Decentralised forms nation’s first crypto vault, says bitcoin not a bubble

Stephen Moss-led Decentralised Capital has formed a partnership to capitalise on growing interest in digital currencies and new-age vaults, reflecting his view that bitcoin is not a bubble waiting to burst. The blockchain assets and investments firm has teamed with safety deposit box group Custodian Vaults to set up what they claim is Australasia’s first […]

By Reposted by Australian FinTech | Bitcoin . FinTech . Investing
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Jun
28

Hack warning: Secure your data or risk a $31 million fine

How do you store your customers’ personal data? Are you one hundred percent sure it’s safe from hackers? These are very important questions for small businesses. Just last week Fairfax reported a conveyancing firm’s IT system had been compromised by hackers who were able to steal $250,000 of a client’s funds from it. Plus, stiff […]

By Reposted by Australian FinTech | FinTech
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Jun
15

Australian fintech and cyber companies explore global opportunities

The programme will bring together the UK and Australian fintech and cyber ecosystems to share best practice, knowledge and encourage long lasting connections and partnerships between the UK and Australia. The UK Department for International Trade (DIT) is supporting the Australian British Chamber of Commerce’s ‘Australian British Fintech Cyber Catalyst (ABFCC) which takes place in […]

By Reposted by Australian FinTech | FinTech
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