Fraud is a massive and growing challenge for the financial services industry, representing a loss of up to 3% of annual revenues according to a recent LexisNexis Risk Solutions survey.1 For every dollar they lose to fraud, companies incur an additional $2.67 in costs.
We believe that blockchain can underpin new financial services transactions that transform our ability to counter fraudulent financial activities.
Read more to find out how.
The Australia and New Zealand (ANZ) financial services sector is experiencing significant changes. To succeed in the present and future, local players must digitally transform, or risk becoming obsolete.
More than ever before, the sector must respond to changing customer demographics and demand. They need to pivot to address customers’ changing and varying financial circumstances.
Read more to get the answer to the question, what will banks, credit unions and insurers of the future look like?
Australia’s financial institutions are among the most sophisticated in the world. Once ubiquitous in-branch interactions have now been virtually replaced by ATMs, online transactions and mobile services, integrating emerging technologies to create value and personalize services for customers.
The financial sector is also the second least trusted industry in all of Australia. In financial services, ‘trust’ is the foundation of the relationship between institution and individual.
Read More to find out how to Secure Customer Trust.