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Banking & Finance
Maintaining competitiveness in a high interest environment
After the RBA’s tightest grip on monetary policy in three decades, more than 880,000 Australian borrowers are facing a mortgage cliff as they roll off record low fixed interest rates onto a markedly higher variable rate. For this reason, Australia has already seen an additional 14 percent of borrowers refinancing their home loans this year,…
4 Sep 2023, by Amy SarcevicBanking & Finance | Business
The scam type that almost always goes under the radar
Conning the average victim out of $20,000, the world of digital fraud is becoming increasingly costly, prompting the ACCC to call for a “united front” in tackling the issue earlier this year. Much of the response so far has focussed on big-ticket cases involving a high level of technical sophistication. While these measures are important,…
8 Aug 2023, by Amy SarcevicBanking & Finance | Legal | Technology
What simple techniques can banks adopt to prevent fraud? A digital scam expert sheds light
With the advent of AI-based technologies such as ‘deep fake’, the world of scamming is becoming increasingly sophisticated, with Australians falling victim to $3billion worth of digital fraud last year as a result. In this landscape, banks could be forgiven for thinking scam prevention requires an equally technical response. But as ethical hacker and digital…
11 Jul 2023, by Amy SarcevicBanking & Finance | Legal
What to expect from generative AI in financial services
The recent hype around generative AI has left many business owners and directors in the financial services industry wondering whether they should be using the technology. While tools like ChatGTP have largely been celebrated in the corporate world, they do raise serious concerns from an ethics and regulatory perspective. Unlike traditional AI, which finds answers,…
21 Apr 2023, by Amy SarcevicBanking & Finance | Legal
Banks should reimburse consumers for APP losses says Consumer Action Law Centre Chief Gerard Brody
Authorised push payments (APP) - a type of scam where people are tricked into transferring money to fraudsters – is reaching epidemic proportions around the world. In the United Kingdom, APP fraud losses grew 71 percent in the first half of 2021; and have climbed a further 40 percent this year to GBP 474,000 (GBP…
8 Sep 2022, by Amy SarcevicBanking & Finance | Healthcare
Tackling the backlog in elective surgery
The cessation of elective surgeries during the COVID-19 pandemic continues to present a challenge to the Australian healthcare sector, with both public and private clinics struggling to work through a backlog of some 400 000 cases. Wait times for certain category 2 procedures – which are typically required within months - have blown out, in…
7 Jun 2022, by Amy SarcevicBanking & Finance | Healthcare
How Buy Now Pay Later is fuelling appetite for private healthcare
Changes in the deferred payments landscape could see more Australians gravitating towards private care to fund out-of-pocket health procedures, according to Chief Executive of Openpay, Dion Appel. The last few years have seen attitudes towards credit changing, with consumers turning their back on credit cards to access funds in times of need. As of March…
3 Jun 2022, by Amy SarcevicBanking & Finance
Industry ETFs, Risk and the role of Bitcoin
Exchange traded funds are quickly becoming one of the most talked about investment vehicles in Australia, with the record net inflows seen in last year’s industry roundup a particular discussion theme. In the context of crypto ETFs, however, certain aspects of risk assessment have not received as much focus. Jeff Yew of Monochrome warns that,…
26 May 2022, by Amy SarcevicBanking & Finance | Business
How to minimise regulatory risk for BNPL products
The Buy Now Pay Later industry has received a lot of scrutiny since its inception, with some consumer advocates questioning the ethics of financing at the point-of-sale. Amid high levels of consumer debt and low financial literacy, some believe the largely unregulated market – popular with younger demographics - may expose people to financial harm.…
12 May 2022, by Amy SarcevicBanking & Finance
Should you invest in ETFs – and how?
Since their inception in the 1990s, exchange-traded funds (ETFs) have become one of the most sought-after investment vehicles for individuals and institutions, globally. Offering diversification, trading, and arbitrage options, ETFs are often touted for their low cost and attractive profile, relative to mutual funds. However, Morningstar Associate Director Justin Walsh reminds us that ETF trading…
9 May 2022, by Amy SarcevicInforma Connect Australia is the nation's leading event organiser. Our events comprise of large scale exhibitions, industry conferences and highly specialised corporate training.