AI and big data knocks $36.4b off payments fraud
Visa’s Asia-Pacific head of risk, Joe Cunningham, said the vast majority of fraud on payments cards worldwide was now taking place in e-commerce.
Protecting cryptocurrency wallets from digital thieves
One way in which cryptocurrency wallets aren’t like conventional wallets is that cryptocurrency wallets can be hacked.
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
