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

Upstart Applies for Bank Charter, Strengthening AI Lending Marketplace

The AI-driven lending platform seeks to expand operations with formal banking status.Highlights: Upstart has filed for a bank...

Santander Tests Agentic Payments Across Latin America

New payment experiment aims to innovate financial transactions in the region.Highlights: Santander launches agentic payments trial in Latin...

European Fintechs Strengthen as Reliance on US Investors Tightens

Analysis reveals changing dynamics in European fintech investment landscape.Highlights: European fintechs are increasingly relying on local funding.US investors'...

Lloyds Bank Users Face Severe Security Breach Amid Account Mix-Up

Multiple customers received information intended for strangers, raising concerns.Highlights: Lloyds Bank faced a security breach affecting multiple users.Customers...