Log in

Banks’ payment innovation agendas will take a hit from technology companies such as Google and Apple, according to 56 per cent of delegates at FST Media’s 3rd Annual Technology and Innovation – the Future of Payments conference last week. Payments start-ups were voted the second biggest threat, at 31 per cent.

While increased competition from new entrants will certainly drive innovation in the year ahead, according to 29 per cent of delegates; the expected impact is still unclear. Axel Boye-Moller, Head of Mortgages, Cards and Merchants for Westpac told delegates new entrants and start-ups will continue to co-exist and collaborate to address different parts of the market. However, Simon Clarke, Head of Internet and Mobile Banking at Suncorp said the payments industry can expect “turf wars” in the next 12 months, as banks, telcos and new entrants compete to own the customer.

Full Story

In the News

The three cyber security challenges Australian businesses can't ignore - AFR - 6 May 2018

Australian businesses currently face a cyber security triple threat that has nothing to do with warding off hackers. Rather there are three new regulatory forces impacting specific points of the...

OAIC report reveals 63 data breach notifications in first six weeks of NDB scheme - AFR - 11 April 2018

More than 60 data breaches have been reported in the first six weeks of the country's new Notifiable Data Breach (NDB) scheme, with healthcare providers making up almost a quarter of the mandatory...

New data breach notification scheme will be a barometer for business maturity - AFR -12 March 2018

Do not mistake cyber security for being merely a technical discussion about IT problems to be fixed. Cyber security is now, and always has been, purely a response to risk. The risks have changed...

The Future of Work: The Role of People - Adobe - 31 Jan 2018

The Future of Work: The Role of People Foreword by Joseph Sweeney, IBRS Advisor For the past 30 years, organisations have applied technology to people to make the workplace more productive. But...

Businesses unprepared for new data breach notification laws - AFR - 29th January 2018

Thousands of Australian small businesses remain woefully unprepared for the introduction of new laws that will require them to publicly disclose if their customers' data is breached by hackers or...

Subscribe to IBRS Updates

Invalid Input
Invalid Input
Please enter a valid email address
Please enter your mobile phone number
Invalid Input

Get in-context advice from our experts about your most pressing issues or areas of interest

Make an Inquiry


Already a subscriber?

Login to read your premium content.

        Forgot your password?
Recently Viewed Articles