Commonwealth Bank: Adds anti-scam features to app

Commonwealth Bank: Adds anti-scam features to app

  • Commonwealth Bank today announced enhancements to its scam prevention, detection and customer support strategy
  • The bank also released new research indicating Australians are more concerned about scams than four months ago
  • CBA is introducing its NameCheck technology to give customers an indication of whether the name
  • The bank has also launched in-app caller verification technology through a feature called CallerCheck to give customers peace
  • The functionality allows CBA staff to trigger a notification to the customer’s CommBank app verifying the call
  • Prior to CallerCheck there was no easy way for a customer to verify if they were genuinely speaking to the bank
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Fed Accelerates FedNow Development for Cross-Border Payments

New consultations aim to enhance international transaction efficiency.Highlights: Federal Reserve seeks input on cross-border payment improvements.FedNow aims to...

Swedish Court Delays Judgment in Klarna’s Antitrust Case Against Google

The court's decision is crucial for Klarna's operations in the competitive market.Highlights: Swedish court delays decision on Klarna's...

Morgan Stanley Launches Bitcoin ETF, Expanding Crypto Offerings

The investment firm broadens its reach into the cryptocurrency market.Highlights: Morgan Stanley launches a Bitcoin ETF to enhance...

HSBC Strengthens Position with Hong Kong Stablecoin Issuer License

The banking giant aims to support digital asset initiatives in the region.Highlights: HSBC receives a stablecoin issuer license...