Australian secure payments data platform Eftsure has boosted its coffers with a $2.5 million capital raise, with the additional funding to be used to accelerate growth and to meet the demand for its protection platform for the fight against payment fraud, which cost Australian businesses losses of $1 billion in direct costs alone to cybercrime in 2018, including payment fraud.
In the banking and finance industry you have multiple data silos – customer information, transactions, investments, back office systems and more spaghetti. The major cost and time-consuming issue is data integrity.
The ANZ Bank has signed a five-year, $450 million strategic agreement with IBM which provides the bank with access to IBM’s entire software portfolio, an Innovation Lab, next generation cloud development capabilities and core systems infrastructure.
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