Archive for Technology
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True cloud banking
The cloud banking bubble is about to burst, argues Gartner, if banks don't take cloud computing initiatives seriously enough BY CHARIS PALMER Banks need to move beyond private cloud computing to cloud banking if they are to capitalise on the financial benefits and new business models offered ...
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Crime busting
There are a plethora of financial crime solution vendors whose services help banks fight fraud and money laundering, but which ones do it best? BY JAROSLAW KNAPSIK The cost of combating financial crime is on the rise. This in turn is driving banks to seek synergies between anti-fraud and ant...
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A virtual banking ID
Ambitious start-up miiCard has gone live with its virtual identity card, leveraging existing online financial accounts to validate the online purchase of further products BY ELTON CANE MiiCard, a start-up company that has regularly demonstrated its online identity proposition at financial co...
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On the virtual money?
Virtual currencies are a nightmare for governments to regulate, but social media savvy customers find them engaging and convenient BY CHARIS PALMER Virtual currencies such as Bitcoin are here to stay and represent an opportunity being overlooked by financial institutions, says Gartner bankin...
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Trading places
Millions of Aussies switch banks every year. However APCA says reducing the barriers to switching would enhance the utility of the payments system. BY CHARIS PALMER Bank account portability looks set to be debated within coming months, with the issue featuring in the submissions of several p...
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Max your mobile
The mobile is mightier than the Internet, according to PayPal's director. At least on a personal level... BY CHARIS PALMER Australian bankers need to rethink the role of the mobile phone in banking and payments, say mobile experts. Last month, PayPal director of mobile Laura Chambers told ...
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Greenfield or leftfield?
Postal authorities throughout the world are frantic to leverage their distribution networks in new ways before they become redundant. How will technology help? BY CHARIS PALMER The year ahead looks set to see a number of new Greenfield banking operations launch in developed economies, with te...
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Pocket rocket
Apple's new iPad is likely to help mobile users consume content like never before, as it offers the power of a PC in a more portable size BY CHARIS PALMER The introduction of the iPad by Apple is likely to drive greater uptake of both online and mobile banking, say technology watchers. T...
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Reality check
The Commonwealth Bank has begun experimenting with augmented reality in marketing campaigns as the industry investigates what role the technology could play in customer service and content delivery. The bank integrated augmented reality into a campaign pitched at 14-17 year olds, as part of a com...
