Latest News:
- Labor delivers budget underweight in tech focused measures
- Hurdles emerge for Aussie fintechs after period of record investments
- A future without SOAs
- CFS launches new adviser people and culture platform
- AMP launches ‘innovative’ new retirement solution
- Finfluencers are often ‘extravagant, misleading and unlicensed’, says ASIC chair
- Advice practices lack ‘deliberate’ tech stack
- Likely Privacy Act changes to impact advisers
- NAB leads $6m funding round for Australian fintech Thriday
- Can technology finally make goals-based advice a reality?
Data
Finance sector’s crime compliance bill nears $300bn
Sarah SimpkinsA new report has projected the total cost of financial crime compliance globally now amounts to $282 billion (US$180.9 billion), with a call for institutions to level up their technology.
Write comment (0 Comments)Banks playing 'catch-up' on data
Incumbent banks need to leverage data technology to improve product innovations and stay ahead of upstart challengers, according to an enterprise data company.
Write comment (0 Comments)Financial institutions boosting resources for ‘mass data clean-up’
Sarah SimpkinsThere has been a rise in demand for data remediation experts in the financial services sector post-royal commission, according to an industry law expert, as companies rush to fix their systemic errors.
Write comment (0 Comments)ASIC, ACCC give screen scraping go-ahead
Sarah SimpkinsThe regulators have told the fintech Senate committee they do not feel a need to block firms from accessing banking data through screen scraping, despite objections from major finance institutions.
Write comment (0 Comments)Consumer data right rules kick in
The consumer data right (CDR) rules have come into effect, marking a milestone in the progress of Australia’s open banking regime.
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