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Showing 381 - 390 of 2215 results for "Systems"

Cheques to wind down by 2030: Chalmers

CASSANDRA BALDINI  |  THURSDAY, 8 JUN 2023
Archaic payment systems could soon be a thing of the past following government plans to wind down outdated methods like cheques. Treasurer Jim Chalmers handed down a five-point strategic plan yesterday in front of the Australian Banking Association ...

AI in ESG: Risk or opportunity?

ROSE MARY PETRASS  |  MONDAY, 5 JUN 2023
... implications for a company's business strategy and operations, and at the potential implications for sector level systems. It's important to consider wider implications as well as those specific to each company, Cairns said, because they are ...

ESSSuper reduces admin fees, renews insurance mandate

JAMIE WILLIAMSON  |  MONDAY, 5 JUN 2023
... the administration fee cap will be reduced from $2120 to $750 per annum - a drop of almost 65%. "Our new administration systems are more efficient, so we are reducing administration fees... This is in line with our 'profit-to-member' ethos and ...

Heatmaps drive efficiencies, more consolidation: Cole

CHLOE WALKER  |  FRIDAY, 2 JUN 2023
... is only go in one direction, which is up. "Some of the smaller entities will not, I might suggest, be able to have the systems and controls and cover operational risk in the future, with the same degree of investments as larger entities," she said. "In ...

Bank of Queensland slapped with EU

CASSANDRA BALDINI  |  WEDNESDAY, 31 MAY 2023
... two regulators in relation to BOQ highlight government efforts to maintain the integrity of Australia's financial systems. "Businesses which do not have a strong AML/CTF program in place are vulnerable to exploitation by criminals, which is why AUSTRAC ...

JPMorgan developing investment advice AI

ANDREW MCKEAN  |  TUESDAY, 30 MAY 2023
... marketing, customer experience and fraud prevention, and AI runs throughout our payments processing and money movement systems across the globe." Currently JPMorgan has over 1000 employees involved in data management, 900 data scientists working on AI ...

Could the anti-woke movement come to Australia?

ROSE MARY PETRASS  |  WEDNESDAY, 24 MAY 2023
... democratic system, panellists argued, which encourages corporate lobbying and has led to a degradation of our democratic systems. The best solution is to offer a just transition for workers into the new green economy, and to push back on the idea that ...

Poor policy administration sees MLC Life pay $22m

JAMIE WILLIAMSON  |  FRIDAY, 19 MAY 2023
... chair Sarah Court said. "The failings recognised by the Court are the result of poor governance, poor controls, and poor systems, such as legacy IT systems. MLC customers deserve to have their insurance policies administered properly. "ASIC will continue ...

AMP fined $24m for charging deceased customers

KARREN VERGARA  |  FRIDAY, 19 MAY 2023
... on their super accounts." "Customers, and their beneficiaries, expect financial services providers to have the proper systems in place to ensure, once notified, deceased customers are no longer charged. These systems were inadequate, and customers were ...

Super fund blunder likely down to bad data: Podcast

CASSANDRA BALDINI  |  THURSDAY, 18 MAY 2023
... cracks have can still appear. "I imagine with AustralianSuper, it's the largest super fund, it would have had good systems in place. And these good systems ironically alerted it to a breach," Hooper said. He added that there is a key exposure that ...