Tiffany Ryan, Westpac NZ Head of Financial Crime and Protective Services, shares her predictions for the future of fraud prevention in the FinTech sector.
As technology continues to evolve, so too does the sophistication of fraudsters. Ninety per cent of New Zealanders are concerned about being scammed or defrauded, and one in three say they’ve been a victim, according to a new survey by Westpac NZ.
Financial institutions are locked in a battle with fraudsters, with new technologies offering opportunities for both sides to gain the upper hand.
Discover who is investing in, working with and thinking about the effects of financial technology in New Zealand. Version 1.0 published 20 November 2018.
FinTechNZ and InsurTechNZ joined forces to bring members a combined Connect event, following FinTechNZ’s inaugural Annual Meeting on 1 November.
The final Connect event for 2018 was the result of a successful collaboration between FinTechNZ and InsurTechNZ, with a wide range of speakers discussing a variety of subjects in front of a highly engaged audience.
FinTechNZ’s inaugural Annual Meeting was held on 1 November, hosted by EY. Many insights were shared by the leadership team; a highlight – the association has achieved phenomenal growth in the past 12 months, with membership doubling from 77 members to 153 members in the year to September 2018.
While the results from the review by the Financial Markets Authority (FMA) and the Reserve bank could have been more positive, New Zealand banks have been looking at options to improve customer experience and embrace the fintech community which is great for all Kiwis, FintechNZ general manager James Brown says.
Banking is changing as new financial technology takes hold and Brown technologies like machine learning and AI will dramatically improve both the customer experience and the back-end process for the banks themselves.
Join us for our inaugural combined FinTechNZ Connect and InsurTechNZ event: ‘Intangible Assets, How to Protect them’ and ‘Mapping the New Zealand InsurTech Landscape’ Auckland.
Europe is an extremely active InsurTech market, with London appearing to be the emerging epicentre. Throughout the conference it was hard to escape the energetic presence of funding and accelerator-type programs, and of course incumbents scouting for new propositions or start-ups looking for exposure. Discussions generally pointed to one of two preferred outcomes: building alternative insurance value chains, products and services; or accessing new technologies that create efficiencies across processes.