IT Brief Australia - Technology news for CIOs & IT decision-makers
Australia

Banking Stories - Page 53

Australian Stories

Banking stories

Open Banking in Australia sees rapid growth in consumer adoption
Fintech

Open Banking in Australia sees rapid growth in consumer adoption

The fourth edition of FinTech Australia's Open Banking Ecosystem Map shows a 165% rise in Consumer Data Right adoption, supported by Mastercard.

By Shannon Williams • 3 min read • Tue, 25th Jun 2024
Survey reveals burnout crisis among Australian knowledge workers
EduTech

Survey reveals burnout crisis among Australian knowledge workers

A UiPath-commissioned survey reveals 82% of Australian knowledge workers feel burnt out, with a third extremely so, citing heavy workloads and lack of AI tools as key stressors.

By Sean Mitchell • 3 min read • Mon, 24th Jun 2024
Bendigo & Adelaide Bank embraces AI for tech modernisation
Generative AI

Bendigo & Adelaide Bank embraces AI for tech modernisation

Bendigo and Adelaide Bank pairs with MongoDB to modernise its core banking tech using MongoDB Atlas and generative AI, aiming to slash costs and boost innovation.

By Catherine Knowles • 3 min read • Mon, 17th Jun 2024
Commonwealth Bank joins anti-scam network to bolster security
Unified Communications

Commonwealth Bank joins anti-scam network to bolster security

Commonwealth Bank of Australia joins a new anti-scam intelligence network to combat online fraud, in collaboration with AFCX and NASC, enhancing digital security.

By Kaleah Salmon • 2 min read • Fri, 14th Jun 2024
AI adoption among Australian SMEs to surge by 2026, survey finds
Fintech

AI adoption among Australian SMEs to surge by 2026, survey finds

A survey by Small Business Loans Australia reveals 25% of SMEs are using AI, with 60% planning adoption by 2026. NSW leads, while medium-sized businesses show the highest uptake.

By Catherine Knowles • 3 min read • Fri, 14th Jun 2024

Global Stories

Banking stories

BioCatch report underscores evolving fraud landscape in APAC
Endpoint Protection

BioCatch report underscores evolving fraud landscape in APAC

BioCatch's latest report reveals a dramatic shift in the APAC fraud landscape, with 70% of scams now stemming from mobile apps, highlighting new vulnerabilities.

By Catherine Knowles • 3 min read • Wed, 26th Jun 2024
New survey reveals challenges facing business travel in 2024
Fintech

New survey reveals challenges facing business travel in 2024

SAP Concur's survey reveals key business travel challenges for 2024 include disruption, safety, sustainability, and unequal opportunities.

By Melania Watson • 3 min read • Fri, 21st Jun 2024
Zyxel Networks' firewall solutions win top PUR survey accolade
Firewalls

Zyxel Networks' firewall solutions win top PUR survey accolade

Zyxel Networks' firewall solutions have topped the latest Professional User Ratings survey by techconsult, winning Champion status for superior security, user-friendliness, and reliability among SMBs.

By Kaleah Salmon • 3 min read • Wed, 19th Jun 2024
Global banking fraud to hit USD $48bn by 2029, says study
Fintech

Global banking fraud to hit USD $48bn by 2029, says study

Bank fraud is projected to reach USD $48 billion globally by 2029, a 153% surge, driven by evolving AI tactics, says Juniper Research.

By Sean Mitchell • 3 min read • Mon, 17th Jun 2024
Less than half of UK firms use GenAI despite recognised benefits
Fintech

Less than half of UK firms use GenAI despite recognised benefits

UiPath's Global Knowledge Worker Survey reveals that only 47% of UK businesses are utilising GenAI tools. Meanwhile, 28% of workers are experiencing burnout, highlighting a need for better AI training and support.

By Catherine Knowles • 3 min read • Mon, 17th Jun 2024
Xero unveils AI companion JAX to enhance accounting accuracy
Fintech

Xero unveils AI companion JAX to enhance accounting accuracy

Xero has revealed its AI-powered business companion, Just Ask Xero (JAX), to boost accuracy in accounting tasks, launching a beta in August.

By Imee Dequito • 4 min read • Thu, 13th Jun 2024
Australian executives predict AI-driven business growth in 2024
Fintech

Australian executives predict AI-driven business growth in 2024

A new survey by OpenText Cybersecurity reveals that 92.5% of Australian executives in MSPs and MSSPs foresee significant business growth driven by AI investments in the next year.

By Catherine Knowles • 3 min read • Tue, 11th Jun 2024
Bank partners with Newgen Software to digitise onboarding
Fintech

Bank partners with Newgen Software to digitise onboarding

Centennial Bank partners with Newgen Software to digitise onboarding, enhancing customer experience with a streamlined, low-code automation solution.

By Melania Watson • 2 min read • Fri, 7th Jun 2024

Stories from Other Regions

Banking stories

Resistance to change stalls UK banks' tech modernisation
Modernisation

Resistance to change stalls UK banks' tech modernisation

A new report reveals a resistance to change and reliance on legacy technology are major hurdles to core banking modernisation, putting them at risk.

By Shannon Williams • 4 min read • Thu, 20th Jun 2024
Netsafe ramps up NZ's scam defences with new AI tools
Unified Communications

Netsafe ramps up NZ's scam defences with new AI tools

Netsafe relaunches Re:Scam.org with advanced AI to combat scammers, as NZ's annual scam costs hit NZD $2 billion.

By Shannon Williams • 3 min read • Wed, 19th Jun 2024
Xero introduces AI tool JAX to boost accounting accuracy
Fintech

Xero introduces AI tool JAX to boost accounting accuracy

Xero has unveiled JAX, a new AI-powered smart business companion, at Xerocon London, promising enhanced accuracy in accounting tasks for small businesses.

By Imee Dequito • 3 min read • Thu, 13th Jun 2024
Finance professionals lead in AI adoption, report reveals
Crypto

Finance professionals lead in AI adoption, report reveals

Finance professionals lead AI adoption, with 63% utilising it for fraud detection and risk management. Marketing and sales show lower usage at 27% and 19%.

By Melania Watson • 3 min read • Fri, 7th Jun 2024