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Showing 21 - 30 of 685 results for "Fraud"

Macquarie shifts toward AI-first banking

CASSANDRA BALDINI  |  WEDNESDAY, 21 JUN 2023
... cashflow prediction features. Transfer prediction, process automation and further enhancements of loan application and payment fraud detection will also be available. "Macquarie will also work with Google Cloud to embed artificial intelligence and machine ...

BlackRock files for bitcoin ETF

ANDREW MCKEAN  |  FRIDAY, 16 JUN 2023
... bitcoin ETF in the US. The SEC has consistently delayed or rejected applications for spot bitcoin ETFs, citing fears about fraud, manipulation, and the lack of sound custody options. The SEC has rejected proposals for spot bitcoin ETFs from asset managers ...

King's birthday honours for industry executives

CHLOE WALKER  |  TUESDAY, 13 JUN 2023
... between 2014 and 2018, received the honour. He is also the founder of Financial Rescue, which assists victims of financial fraud recover their losses. Ross McConachie, also from Tupicoffs, received an OAM for "service to Australia-Japan relations and ...

Fraudulent property director charged

CHLOE WALKER  |  TUESDAY, 6 JUN 2023
Michael David Steele has been charged with seven counts of fraud after he misled 14 investors into using their superannuation and other savings to invest a property development. Following an investigation, ASIC is alleging that between May 2016 and ...

AI in ESG: Risk or opportunity?

ROSE MARY PETRASS  |  MONDAY, 5 JUN 2023
... consequences. Data privacy: The increased use of big data and analytics raises ethical and legal issues related to privacy, fraud, security, and consent. Striking a balance between improving marketing strategies and respecting customer privacy is paramount. ...

JPMorgan developing investment advice AI

ANDREW MCKEAN  |  TUESDAY, 30 MAY 2023
... "We already have more than 300 AI use cases in production today for risk, prospecting, marketing, customer experience and fraud prevention, and AI runs throughout our payments processing and money movement systems across the globe." Currently JPMorgan ...

Melissa Caddick declared dead by coroner

JAMIE WILLIAMSON  |  FRIDAY, 26 MAY 2023
The fraudster who purported to be a financial adviser to scam upwards of $23 million out of family and friends is likely dead, the inquest has found. That was the key finding delivered by the NSW Coroner yesterday, though the nature of her demise could ...

Investment fraud accomplice charged

CASSANDRA BALDINI  |  MONDAY, 22 MAY 2023
... assistant of former Perth unlicensed investment scheme boss Chris Marco has been charged with 34 counts of enabling or aiding fraud. Linda Marissen appeared in the Perth Magistrates Court after it was alleged that she helped Marco defraud more than $29.5 ...

Funding boosts ASIC greenwashing remit

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
... investment scams. This is part of a pool of $86.5 million package that Chalmers dedicated to combatting scams and online fraud. The majority ($58m) will help establish the National Anti-Scam Centre within the Australian Competition and Consumer Commission ...

UK to ban cold calling on all financial products

JAMIE WILLIAMSON  |  FRIDAY, 5 MAY 2023
... the UK government said, anybody who receives a phone call about a financial product will know right away that it's a scam. Fraud costs the UK government about $13 billion a year, accounting for more than 40% of all crime. "Our plan will help protect ...