By John Duggan, EVP of Sales, APAC at Daon Facial recognition, especially when combined with step-up authentication, provides an identity assurance paradigm that is not only resilient, but futureproof. For organizations in banking and financial services, embracing biometric authentication is more than a strategic move: it’s an executive mandate to strengthen trust and increase accessibility…
By Edgar Zayas, BioCatch Director of APAC Global Advisory Digital and mobile banking have revolutionised the way we manage our finances. Gone are the days of waiting in line at a brick-and-mortar branch. With just a few taps on our smartphone, we can check balances, transfer funds, and pay bills. The pandemic and its various…
By Jamie Hutton, Chief Technology Officer of Quantexa According to McKinsey, nearly 60% of financial services companies have embedded at least one AI capability. Among the most common are process automation, virtual agents, or text understanding. But to truly benefit from the technology, the sector needs to broaden implementations from siloed one-off products or services…
Learn how BMO digital banking login works. Explore features, benefits, and security measures for a seamless online banking experience with BMO. Introduction Digital banking has transformed the way we manage our finances, offering unprecedented convenience and access. BMO (Bank of Montreal) digital banking is a prime example of this innovation, providing customers with a range…
By Wes Kussmaul, Founder of The Authenticity Institute and creator of the world’s first online Encyclopedia. In her November 9 article “Credit Repair Firms Driving $20B Synthetic ID Fraud Crisis”in the publication Bank Infosecurity, Suparna Goswami (gsuparna) notes that “Firms Help Customers Create False IDs and Promise to Improve Their Credit History.” Thomson Reuters reports…
Discover the potential risks of using public Wi-Fi for electronic funds transfer. Learn how to protect your financial information from cyber threats. Introduction Electronic funds transfer (EFT) has revolutionized how we manage our finances, offering unparalleled convenience and speed. However, using public Wi-Fi for digital banking tasks, including EFT, poses significant security risks. This article…
By Jasika Walia, Business Analyst at FischerJordan with an interest in strategy and problem solving. Appadwedula Sai Naryana Apoorv, summer intern at FischerJordan working at the intersection of analytics and technology. Introduction In the ever-evolving landscape of the global financial system, banking crises have emerged as recurring phenomena with profound economic and social implications. Impact of…
How has the credit card landscape evolved in Australia over the last decade or so? Australia’s credit card market has evolved significantly over the past decade or so. When my brother Andrew and I first launched CreditCardCompare.com.au back in 2008, the options available to consumers were relatively limited compared to the diverse range of products…
By Omar Bashir, Technical Director (Financial Services) at Thoughtworks Artificial intelligence (AI) is already showing its potential in the transformation of Australia’s big banks, from fraud detection to helping employees answer customer questions and software engineers write better code and making smarter apps. In fact, a leading global index recently ranked the Commonwealth Bank as…
By Erin Nicholson, Global Head of Data Protection and Privacy at Thoughtworks Long gone are the days of keeping a physical piggy bank in your bedroom cupboard or struggling to remember to pay in a cheque at the bank. Digital transformation in finance has made life easier, pushed along by fast growing fintechs. The latest strides…
