Bank customers remain resilient in challenging times
10/10/2023
Savers are making the most of higher interest rates and borrowers are managing through the current economic challenges, according to retail banking data insights for the six months to June released by the New Zealand Banking Association today. New Zealand Banking Association chief executive Roger Beaumont says that while the rise in the cost of...
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Stuff
Consumer NZ calls on banks to act faster to battle scams
20/09/2023
The NZ Banking Association said last week that the industry was focusing on a number of initiatives to fight fraud and scams, including real-time information sharing between organisations affected by scams, and a confirmation of payee account name checking service.
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The Paypers
New Zealand banks take scam-preventing measures
18/09/2023
According to the New Zealand Banking Association, banks have made significant investments when it comes to fraud analytics and prevention. These investments aim to help identify unusual spending on credit cards and check with customers before processing those payments, as well as warn of potential scams when customers make payments in suspicious circumstances.
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Interest.co.nz
Banking Ombudsman says complaints from scammed New Zealanders show they lost on average $57,000
18/09/2023
As part of the banking industry’s Friday announcement, the NZBA said the industry supported a national anti-scam centre, would remove hyperlinks from text messages and would work together to freeze mule accounts, used to siphon stolen money from victims.
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Fintech Global
New Zealand banks establish Anti-Scam centre to safeguard customers
17/09/2023
New Zealand Banking Association chief executive Roger Beaumont said, “The joint commitment by retail banks is expected to have a positive impact in tackling fraud and scams.”
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NZ Adviser
NZBA launches new initiatives against scams and fraud
15/09/2023
NZBA is backing the establishment of an anti-scam centre, similar to that in Singapore, to “provide a centralised and coordinated multi-sector approach to fighting scams from a New Zealand-wide perspective.”
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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...
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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.
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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.
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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.
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