NBR
Banks initiate anti-scam centre to combat rise in fraud
14/09/2023
“Our retail banks already have systems in place to help detect and warn customers about potential scams and the further initiatives announced by the industry today are expected to have a significant impact in combatting scams. But we have reached a point where a new approach to fighting fraud and scams is required and this...
Read Article
Newstalk ZB
Retail banks are coming together to counter scams
14/09/2023
Banking Association chief executive, Roger Beaumont spoke to Heather du Plessis-Allan about it.
Read Article
Interest.co.nz
NZ banks to bring in name and account number checking, remove links from texts and work together to freeze mule accounts to combat rampant scams
14/09/2023
NZBA Chief Executive Roger Beaumont said the commitment to these initiatives to fight fraud and scams would lead the way for a significant, co-ordinated, multi-sector approach to protecting New Zealanders.
Read Article
Stuff
‘About time!’ Victims react to banks’ plan to tackle scam crimewave
14/09/2023
Banking Association Te Rangipū Pēke chief executive Roger Beaumont said banks had agreed to work to create an industry-wide “confirmation of payee” account name checking service.
Read Article
NZ Herald
Consumer watchdog calls for banks to refund scam victims who lose money due to payment system loophole
14/09/2023
“Our retail banks already have systems in place to help detect and warn customers about potential scams and the further initiatives announced by the industry today are expected to have a significant impact in combatting scams. But we have reached a point where a new approach to fighting fraud and scams is required and this...
Read Article
NZ Herald
Financial losses from cyber incidents down, says Cert – but survey indicates huge under-reporting
12/09/2023
“Scam-related crime is increasingly sophisticated and constantly evolving. Scams go much wider than banks, which are usually at the end of the chain of events that makes up a scam that tricks you into paying a criminal or allowing them access to your bank account.”
Read Article
NZ Herald
Financial expert Janine Starks calls for Banking Ombudsman to jointly investigate scam cases, cites ‘negligence’ by banks
12/09/2023
“There’s no silver bullet for solving scams and what’s needed is a multi-pronged approach and the involvement and investment of all affected sectors, including government agencies, telcos, social media companies, and internet service providers.”
Read Article
Newsroom
Heartland breaks ranks to allege ‘distorting’ behaviour by big banks
12/09/2023
The Banking Association, which represents all 18 registered banks, has not made a submission to the Commerce Commission inquiry, at this stage. Chief executive Roger Beaumont says he doesn’t intend to comment on others’ submissions, including those of the association’s member banks. “We wish to respect the market study process and let it run its course.” he says.
Read Article
Stuff
Banks and insurers say they didn’t lobby National to scrap ‘fair conduct’ laws
18/08/2023
The Banking Association and the FSC said they were ready to work with whatever government was voted into power at the October general election. The Banking Association noted that the Government had already committed to reviewing the lending law changes National intended to repeal.
Read Article
NZ Herald
Tinder ‘swindler’ scam: Parliament briefing calls for banks’ processes to be strengthened
17/08/2023
The committee also recommended the Government urge the New Zealand Banking Association to update its Code of Banking Practice to “offer further measures that help protect consumers from scams and fraudulent activity”.
Read Article
