Sunday, 05 February 2023 19:10
AFCA WELCOMES NEW SCAMS INITIATIVES
THE Australian Financial Complaints Authority (AFCA) has commended the recent banking initiatives aimed at combating scams.
AFCA's Chief Ombudsman and CEO, David Locke, said, "We see the devastating impact scams have on people and welcome any initiatives by banks to protect their customers, including the innovative use of technology.
The Commonwealth Bank of Australia recently introduced "NameCheck" technology for money transfers and caller verification via the CommBank app.
AFCA received an average of 400 scam-related complaints per month in the current financial year, which was up 28% from the previous year.
According to Mr. Locke, the sums involved in these scams are increasing and people are losing home deposits and retirement savings.
AFCA will continue to collaborate with industry, consumer groups, and regulators to reduce scam transactions.
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Sunday, 05 February 2023 10:46
How water may hold the key to cooling Western Sydney
DURING extreme heat events, temperatures in Western Sydney can be between 6 and 10 degrees Celsius higher than in Sydney’s east making life uncomfortable — especially in public places.
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Sunday, 05 February 2023 10:04
PROPERTY MARKET RISES IN THE WEST
Our development hotspot domination
DALLAS SHERRINGHAM
WESTERN Sydney LGA’s dominate the top five Development Hotspots in Sydney according to real estate researcher Terry Ryder.
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