Westpac Group’s Post

Fintech Is Femme delves into Commonwealth's "Transforming Investor Identity" program, highlighting key findings and emphasizing why this research is important. Learn more about this work: https://lnkd.in/e2_M9YD6 #Fintech #FinancialSecurity

Capital One is currently facing significant challenges, including a recent electronic outage that has left many customers unable to make transactions, causing frustration and inconvenience. This technical glitch has raised concerns about the bank's reliability and customer service. Compounding these issues, the government has initiated legal action against Capital One for allegedly failing to pay over $2 billion in dividends to its customers. This lawsuit highlights potential mismanagement and regulatory compliance failures, further damaging the bank's reputation. As customers grapple with transaction difficulties and uncertainties regarding their financial entitlements, the situation underscores the need for improved infrastructure and accountability within the institution. #capitalone #bank #trust

Barclays has classed #socialmedia platforms to act in order to #improve verification of #financialadverts, as #investmentscams rise by 29 percent. 💭Discover more reading The Paypers: https://lnkd.in/dnTfwEA9 #fintechnews #payments #paymentnews #thepaypers #onlinefraud #fraudmanagement #fraudprevention #digitalfraud #investmernt #funding

Exploring the Intersection of Banks and Fintechs: Navigating the Opportunities and Risks. This is an educational read. Call your local Equity Banker if you would like to discuss safe options. Johnna Huke Mark Parman Julie Huber John Hanley Russell Colburn Adam Hubbard Laura Bowlin Kirby Coale Chad Nieman Justin Kelly Mark Steinman Chris Ryan Alexander Brown

Financial crime is everywhere—and it could affect anyone, at any time. From fraudulent invoices to stolen cards, that too-good-to-be-true PlayStation you found on Snapchat, or even an “online job” offer that unknowingly drags you into a financial crime operation—it’s closer to home than most of us realise. This evening, Jamie Martin and I will be hosting a fireside chat to unpack the realities of financial crime. Drawing from our experiences in the financial crime teams of some of the biggest names in digital banking, we’ll share: • Real-world stories of scams and financial crimes • Practical tips to help you spot the risks • Ways to avoid falling victim to the schemes we deal with every day This is an event for everyone. Whether you’re a financial services professional or someone just looking to stay safe, you’ll leave with knowledge you can put to use straight away. 🎟 There are still tickets available—we’d love to see you there! 👉 https://lnkd.in/ed3CB4DK #FinancialCrime #Event #DigitalBanking #FinancialCrimePrevention #Networking #OneCoWork

Monday morning started like any other day, but what unfolded took us by surprise and concern. We discovered that one of our company's name, Fastrack Lending, is being exploited in a disturbing trend of deceptive cold-calls and robo-calls. Recipients receiving relentless calls (10 - 15 calls) without any hint of who's behind them until our company name is finally dropped. It's not just frustrating; it's deeply unsettling. We're personally responding to every call and email, ensuring those people are protected from this scam. Furthermore, we've taken swift action by reporting these incidents to the authorities and issuing advisories. If you've encountered similar situations or have any insights to share, please reach out. Your collaboration is pivotal in safeguarding our community from deceptive practices. #FastrackLending #FraudAlert #FinanceCommunity #StayVigilant

One day you get a call. A specialist from a bank is offering you a limited-time interest rate on an investment. But, writes Jessica Power, you only get the deal if you transfer the money this week. #scams #scamwatch #investmentscam

Will My Parents Discover My New Personal Account at 18? Answers: https://lnkd.in/giEBb_nS #CapitalOne #BankingPrivacy #Turning18 #PersonalFinance Hey everyone! 🎉 So, I just turned 18 (woohoo!) and I'm thinking about opening my own checking account. However, I have a Capital One account that's managed by my parents, and I'm a bit worried about them finding out about this new one I want to open. 🤔 Here’s my burning question: If I open a personal account now that I'm 18, will my parents be able to see that I’ve opened it? Here are some points I’m considering: Account Visibility: Since my current account is under their management, will they get any notifications or have access to see my new account details? Personal Privacy: I really value my privacy and want to keep this new account just for me. Is this really something I can manage on my own? Account Management: Could there be potential issues later on when I want full financial independence? I know this scenario might resonate with some of you, especially those who've recently hit that milestone of adulthood. 🎈 A few thoughts on possible solutions: Research Banking Policies: It's essential to understand ...

As the buzz from Money20/20 US begins to settle, we're reflecting on the key takeaways from this year's event. From reshaping the future of payments to empowering fintechs and financial institutions with more resilient tech, we left the Vegas strip with one thing in mind: the next era of financial evolution is here. Catch all the highlights in our recap blog, including discussions on staying ahead of rapid digital transformation and predictions for the road ahead in 2025 and beyond. Dive into all the buzz from Vegas now: https://bit.ly/3CsXjD0 #Money2020USA

Big changes are afoot at Edward Jones. They range from a new partnership with U.S. Bank to offer credit cards and checking accounts to the faster-than-expect rollout of the MoneyGuide money management and planning system. The goal of it all, says head of wealth management Lena Haas, is to ensure advisors have more than just “transactional” relationships with clients. #wealthmanagement #fintech #financialplanning