Two areas that could soon dominate the Australian finance space are the increased success of the fintech industry and the movement toward the adoption of open banking. Interestingly, an ecosystem built on the security needs of banks for sharing consumer data will see fintechs become more intrinsically linked to the innovation opportunities open banking allows… Read more »
Access to Open Banking under the Consumer Data Right (CDR), introduced in Australia in July 2020, will be expanded next year to include more business customers after federal treasurer Josh Frydenberg approved the ACCC’s expansion plans for the roll out. From 1 November 2021, major banks will enable business customers to share their data with… Read more »
Artificial intelligence (AI) is no longer the stuff of science fiction. In the form of machine learning tools and decision-making algorithms, it’s all around us. AI determines what news you get served up on the internet. It plays a key role in online matchmaking, which is now the way most romantic couples get together. It… Read more »
Most people these days are aware that what they share online is both valuable and vulnerable. Data privacy has become a major concern for consumers and corporations alike. The issue will come to a head when New Zealand’s Privacy Act 2020 comes into force on December 1. The legislation replaces and updates the 1993 act.… Read more »
The Internet of Things (IoT) is already all around us. Online devices have become essential in industries from manufacturing and healthcare to agriculture and environmental management, not to mention our own homes. Digital consulting firm Ovum estimates that by 2022 Australian homes will host more than 47 million IoT devices, and the value of the… Read more »
In recent years, artificial intelligence (AI) has shifted from being something in a science fiction novel to reality. Every day, AI-powered tools are playing an increasing role in our lives and undertaking tasks once the exclusive domain of humans. The pace of AI development is also increasing. Led by large technology firms such as Google,… Read more »
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