Reintroduction of T+2 friction for first time payments would immediately save billions lost to scams.
Reintroduction of T+2 friction for first time payments would immediately save billions lost to scams. Striking a Balance. In August this year I presented a paper at the inaugural Scam Summit in Sydney and called on the Reserve Bank of Australia and Jim Chalmers to immediately re introduce T+2 for first time payments, it appeared […]
Where is AUSTRAC’s involvement in the proposed Scams Code Framework?
Where is AUSTRAC’s involvement in the proposed Scams Code Framework? On November 30, 2023, the Assistant Treasurer, the Hon Stephen Jones MP, and the Minister for Communications, the Hon Michelle Rowland MP, unveiled a proposed Scams Code Framework (‘the Framework’) and initiated a public consultation process. One crucial aspect that goes unmentioned is the role […]
Social Media Identity Securitization
Social Media Identity Securitization PDF File Download PDF
Leveraging Generative AI for Advanced Trend Analysis in Social Media Scams
Leveraging Generative AI for Advanced Trend Analysis in Social Media Scams As we know the rise of social media has transformed the way we communicate, share information, and conduct business. However, with the growing popularity of these platforms, there has been a concurrent surge in social media scams. These scams range from phishing schemes to […]
Innovations in Paytech enabled by Banking Tokens.
Innovations in Paytech enabled by Banking Tokens. By Rob Neely The world of payments technology, often referred to as “PayTech,” is continuously evolving, driven by advancements in digital finance and the growing demand for faster, more secure, and efficient payment methods. One notable innovation in the PayTech space is the introduction of banking tokens. These […]
Explaining the Impact of Technology and Data Intelligence on Payment Services.
Explaining the Impact of Technology and Data Intelligence on Payment Services. The world of payment services has undergone a profound transformation in recent years, largely driven by rapid advancements in technology and the utilization of data intelligence. As consumers and businesses increasingly adopt digital and cashless transactions, the payment industry has evolved to meet these […]
The magic of Biometric Tokens.
The magic of Biometric Tokens. Imagine it’s like having a magical key that only works for you because it recognizes something special about you, and it keeps your stuff safe. biometrics /ˌbʌɪə(ʊ)ˈmɛtrɪks/ noun the automated recognition of individuals by means of unique physical characteristics, typically for the purposes of security. the application of statistical analysis […]
Two AI bots walk into a bank….
Two AI bots walk into a bank…. By Rob Neely The Risks of Bots Learning from Each Other and Propagating Biases and Unethical Behaviours. In recent years, artificial intelligence (AI) and machine learning (ML) have seen significant advancements, leading to the development of autonomous bots capable of learning from each other. While this collaborative learning […]
Australia’s surge in scams reveals cost is far greater than financial losses
Australia’s surge in scams reveals cost is far greater than financial losses. By Rowena Valeria Carpio, Thomson Reuters Regulatory Intelligence Analysis Speakers at the recent Scams Summit in Australia expressed a unified sentiment on several pressing concerns regarding the A$3.1 billion per-year problem of financial scams. These include the rise in financial scams driven by the surge […]
Identity Fraud and the Rise of AI Bots:
Identity Fraud and the Rise of AI Bots: By Rob Neely Identity fraud has been a persistent threat for individuals and organizations for many years. However, the emergence of artificial intelligence (AI) bots has brought about new challenges and risks in this realm. This article delves into the topic of identity fraud and the rise […]
