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

FCA Announces Second Cohort for AI Live Testing Initiative

New phase aims to improve integration of AI in financial services.Highlights: FCA launches second cohort for AI live...

Cab Payments Strengthens Case Against Helios Blocking Takeover Bid

Cab Payments contests Helios Investment's actions regarding merger talks.Highlights: Cab Payments accuses Helios of blocking a crucial takeover...

Ex-Stripe Team Secures $75 Million to Boost Operations Platform

Funding aims to enhance operations for businesses in various sectors.Highlights: Ex-Stripe founders raise $75 million for operations platform.The...

Government Advances Reforms to Secure UK Payments Sector

New initiatives aim to enhance the resilience and efficiency of the payments landscape.Highlights: UK government proposes new reforms...