Category Archives: Uncategorized

xxx Built by ASX-listed Perth company Fastbrick Robotics (FBR), the Hadrian X machine recently successfully completed a series of tests, proving it was capable of complying with various building requirements. From Aussie bricklaying robot takes on tradies, building three-bed house in 72 hours – SmartCompany. xxx

xxx When a customer receives a call from Barclays and are concerned about the caller’s identity, they will be offered the chance to receive an alert in their app or online banking confirming the details of the employee who is calling them. From Barclays reveals call verification system to stop phone scammers | This isContinue reading “Barclays reveals call verification system to stop phone scammers | This is Money”

  xxx The FATF’s identification principles, guidance and practices resulted in processes that are largely bureaucratic and do not ensure that identity fraud is effectively prevented. Strict identification requirements on the other hand may impact on financial inclusion, leaving the FATF with little leeway to raise its standards. From The FATF’s customer identification framework: fitContinue reading “POST The identity paradox”

xxx The current AML/CFT model appears almost completely ineffective in disrupting illicit finances and serious crime. From Uncomfortable truths? ML=BS and AML= BS2 | Journal of Financial Crime | Vol 25, No 2. xxx

xxx The trainee member of staff with the London Ambulance Service flunked his paramedic exams but carried out “unauthorised” responses to 999 calls for several weeks. It is understood he was able to pose as a qualified paramedic by infiltrating an internal computer system used by emergency crews while they are on duty. From ‘Fake’Continue reading “‘Fake’ paramedic treats more than 100 patients in London before being discovered”

xxx While Zelle is both free to the user and instantaneous, it costs the participating bank between $0.50 to $0.75 per transaction. So as Zelle’s transaction volume increases, so will each bank’s costs. From Bank Director :: Zelle Costs Bankers Money, Venmo Can Make Bankers Money. But surely as the volume rises, the per transactionContinue reading “Bank Director :: Zelle Costs Bankers Money, Venmo Can Make Bankers Money”

I’m always in awe of the inventiveness of fraudsters. Consider the recent example of the maps mountebanks who used Google Maps to trick unsuspecting Indian customers into giving up personal information. The Google Maps app lets users edit and update listings, so the fraudsters are changing banks’ phone numbers to their own!  

xxx Universal black box adoption has two appealing features for society. First, it is fair. Instead of drivers being lumped into broad-brush buckets, they can pay a premium that closer reflects the fair price for their unique probability of making a claim. Unlike in markets such as healthcare, the individual probability of driving incidents isContinue reading “Car insurance telematics: why the black box should become more transparent | Bank Underground”

xxx “While we have had RealMe in New Zealand for many years it is time to relook at whether a single centralised ID is the best approach in a world where people want ease of use and mobility at the same time as privacy and security. From Kiwis starting to embrace digital identity – NZTechContinue reading “Kiwis starting to embrace digital identity – NZTech | Voxy.co.nz”

xxx A Japanese company has developed an artificial intelligence-powered automated teller machine to prevent fraudulent money transfers, the first of its kind in the country. The system, which can recognize the appearance and movement of ATM users through an embedded camera, aims to help prevent crimes in which scammers guide elderly victims over the phoneContinue reading “Japan’s 1st AI-powered ATM developed to combat money transfer fraud – Science & Tech – The Jakarta Post”