Source: Sydney Morning Herald
There are no limits to the modern threats to banking institutions and their customers. One such form is from cyber criminals, who devise new ways to imitate and exploit customers by taking advantage of systems that do not provide sufficient protection.
National Australia Bank are in discussion with an emerging Israeli startup that specialises in biometrics to find solutions to these threats.
They have also confirmed discussions with Artificial Intelligence startup, Sparkbeyond, exploring possibilities for using data more effectively to identify threats as well as opportunities to better meet the needs of their customers.