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Death of the cheque by 2030 as Australia embraces digital payment reforms

TheGuardian

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Resiliency and security of payment infrastructure, including reducing scams and boosting cybersecurity. Modernisation, including phasing out cheques and transitioning from the old clearing system to the new payments platform.

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How One Nevada Credit Union Secures Its Self-Service Innovations

PYMNTS

The collaboration aims to fill one-third of CU leadership positions with diverse individuals by 2030, and plans to provide education services, referrals and consulting services to execute this diversity initiative. For more on these and other CU news items, download this month’s Tracker. Deep Dive: Credit Unions Face Data Breach Challenges.

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UN Rule Mandates Connected Cars Be Secured Against Cyberattacks

PYMNTS

billion in 2030, WSJ reported. But the new rules will require them to document what they’re doing for specific types of attack preventions, check in with authorities annually on how effective the cybersecurity measures have been, and report any new information on the attacks. billion this year to $9.7

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Saudi Arabia’s Open Banking Plan Aims To Advance Digital Innovation

PYMNTS

It enables the secure sharing of financial and other data to enable seamless digital payments and money transfers. . Aside from providing banking customers in the Kingdom with a way to securely manage and share financial data, open banking will also give people access to custom products and services.

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JP Morgan Creates $100B Funding Arm To Help UN

PYMNTS

is striving to tackle a host of issues in developing countries — from infrastructure and food security to climate change and health — by 2030. Earlier this month, JPMorgan Chase announced new security measures that would block FinTech apps from accessing customers’ passwords. The investment gap is roughly $2.5

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Chinese Finance Group Calls For AI Regulation In Ecosystem

PYMNTS

When it comes to securities, banking and other finance products which are employing technology such as a facial recognition or big data analytics, technologies to regulate that intelligent finance have lagged behind AI development, according to a report by the China Finance 40 Forum , a platform for finance policy research and academic exchange.

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The Scary Success Rate Of Corporate Cyberattacks

PYMNTS

But cyberattacks cost these firms $2 trillion in damages, with researchers forecasting that figure to spike up to $90 trillion by 2030 if businesses don’t change the way they protect corporate data. The vast majority of breaches are reported by employees outside the firm’s security team, researchers added.

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