CommBank and OpenAI embark on Australia-first strategic partnership to explore advanced generative AI solutions for stronger scam and fraud detection and enhanced personalised customer services

Under this agreement, CommBank engineers and OpenAI specialists will work together to integrate AI-driven solutions that enhance scam detection, monitor suspicious transactions, and deliver more personalized, secure services to customers. Employees will progressively...

Trump’s Executive Order prohibits ‘politicised or unlawful de-banking’ ensuring that FIs cannot restrict or deny services on the basis of political beliefs, religion, or lawful business activities

The order requires regulators to review past and current banking practices, remove guidance that could facilitate politically motivated account restrictions, and mandate that financial institutions notify and reinstate affected customers. By establishing clear...