Inoculating against a potential fraud pandemic

Inoculating against a potential fraud pandemic

Date Published: April 3, 2020

So much has been said about the global pandemic and the massive impact of the COVID-19 virus on our physical and financial wellbeing, that I don’t want to add to the weight of collective worry. It is timely, though, to remind ourselves of other present dangers.

Read More...

So much has been said about the global pandemic and the massive impact of the COVID-19 virus on our physical and financial wellbeing, that I don’t want to add to the weight of collective worry. It is timely, though, to remind ourselves of other present dangers.

As those working in the frontline of the health sector are battling to save lives, so too are professionals in the financial advice and financial services sector battling to protect and preserve the future monetary wellbeing of our citizens.

I want to make a plea that, while the whole world is fighting a health crisis, we as individuals should also take steps to avoid a pandemic of data fraud also taking root.

Anyone now working from home will understand that data protection and security is ever more vital.

As the world is focused on keeping the wheels of commerce and the wellbeing of our families, work colleagues and communities going, it is also important to be vigilant of growing cybersecurity risks, identity fraud and the importance of a few simple and effective process improvements.

As we navigate this terrible COVID-19 pandemic, a few minor changes are all that may be required to be better custodians of working Australians’ sensitive data and their money.

Many financial advisers have small business clients that are an important part of the future recovery effort of the Australian economy. The measures described here will also assist those Australians, and the last thing they need is a data theft or fraud incident at this time.

In the superannuation space, recent experience has shown us how intimate the relationship is between a members’ identity data and their superannuation savings and contributions. That intimacy has to be a focus for protection.

Australia’s cyber spy agency has already warned of scams and phishing attempts. Scamwatch has received 94 reports of scams related to the coronavirus since January, with numbers climbing. It should also be noted that identity fraud is one of the most common crimes in Australia today.

This is well-illustrated with the recent reporting of theft from members’ superannuation savings. For example, during February this year a South Australian man was charged over an $11 million cyber hit on super funds. This is the second recently reported incident where $10 million or more has been stolen from super savings, in this case via payroll identity fraud.

The increase in cybercrime is compounded by employees working from home and accessing company data remotely. Devices like laptops and personal handheld devices significantly increase risks for data breaches from both cyberattack and diminished user vigilance. It is also important to note that at this time the general focus and awareness on cybersecurity issues and threats is reduced.

For example, home-based workers may slip up or avoid their internal systems and processes as many Australians at home are juggling workloads, caring for children and possibly looking after isolated family members.

In the area of superannuation and payroll fraud, we recommend a series of steps to reduce the risks. These extend largely to superannuation funds and payroll service providers offering alternatives to the antiquated export and upload process used to pay employee super contributions.

This literally means avoiding unnecessary contact with the real world. In other words, keeping data and the money in a secure ‘pipe’ that is immune from external attack or of being corrupted by an outside attack.

Most commonly, we see outdated processes that compel employers to unnecessarily expose members’ identity and financial data outside of secure payroll systems. This means unnecessarily by-passing access control, password-protection and audit-log functionality to appropriately protect employees’ information.

To further explain the process (and potential gaps) for a typical payroll manager or small business employer today when paying employee contributions, a SuperStream file is most often exported outside of their secure payroll system – the file contains employees’ name, date of birth, address, contact information, tax file number and income details – essentially a rich laundry list of identity information. The same data targeted for identity fraud and subsequently theft from members’ superannuation savings.

Once a payroll manager or business owner exports a SuperStream or single touch payroll (STP) file outside of their payroll system, they are exposing employees’ and members’ identity and financial data to unnecessary risks. To complete a SuperStream disbursement, the payroll manager subsequently navigates to a fund portal to upload the file or files to finalise the transaction.

In addition to unnecessarily exposing employee data, this process can lead to issues for employers with the notifiable data breach (NDB) scheme. By removing the additional security inherent in payroll systems, employers introduce easily avoidable risks. If they are breached with their employees’ personal and private information exposed on a desktop or shared drive, they have added complexity in their reporting of the breach to the Office of the Australian Information Commissioner (OAIC) and also need to inform their employees that their identity and financial data is likely to have been compromised.

It is therefore evident that an integrated payroll network is even more essential now and should become the ‘new normal’ to help combat the increased risks of cyber threats.

Having such a system in place removes the need to export and expose employees’ or members’ identity and financial data outside of secure payroll systems.

The integration with payrolls via an Application Programming Interface (API) facilitates highly secure transfers for employees’ data by keeping all their information behind the additional security provided by the payroll software. API transfers effectively enable more secure computer to computer transfer for data and removes the requirement to export personal and private information to a desktop or shared drive.

When cyberbreaches occur, personal and private information on a desktop or shared drive is readily accessed by cybercriminals. Even the identity and financial data that sits on desktop or shared drive can be unintentionally exposed by simple human error, simply via an erroneous email or erroneous email recipient. Indeed, human error currently accounts for close to a third of all notifiable data breaches.

With the announced COVID-19 stimulus measures to include early access to superannuation savings, there is likely to be a significant increase in the movement of money being redeemed out of the superannuation system.

This further raises the importance of protecting identity data and superannuation money. The good news is this can be done simply and quickly. Removing the weakest link in the end-to-end security chain from employers to funds, namely desktops and shared drives, significantly improves the contributions payment process for all working

Australians who depend on a secure superannuation system.

During the challenging times ahead, people’s health and financial wellbeing is of course paramount.

Simple changes to common processes can have a lasting and meaningful impact. To help increasingly challenged employers and employees, advisers, superannuation funds and payroll professionals can make some minor changes to ensure their contributions process protects members’ data end to end.

The whole world is massively challenged right now, demanding us to solve the medium-and longer-term implications of significant disruptions from COVID-19.

If there is a so-called ‘silver lining’ from this situation it might be that increased requirements for remote working will accelerate automation, end-to-end security thinking, and process re-engineering.

A disbursed online workforce presents a clear necessity and opportunity for a permanent move away from paper, e-mail or manual based data transfer, and approval processes which circumvent the security and control procedures built into business management systems like payroll.

The most progressive of Australia’s super funds and payroll service providers are already making these types of changes to be good custodians of working Australian’s identity, financial data and money.

Organisations who don’t effectively implement these changes will face increasing challenges from their customers, government and regulators as the cost of complacency will ultimately undermine them.

Is it not better to boost our collective ability to inoculate the money and data on behalf of our clients and hardworking Australians?

One consequence of the COVID-19 crisis is the opportunity to look beyond the immediate challenges and focus on innovation to bring the right contribution and tools to market to not only be prepared to face new challenges, but encourage Australians to be better off for the experience of battling this dreadful virus together.

Friday, 3 April, 2020 – Money Management

Integrated Payment Technologies Appoints Chief Innovation Officer

03:20 PM - Jul 16, 2020

Integrated Payment Technologies announced the appointment of Brad Riley as Chief Innovation Officer saying he will be responsible for fostering a culture of innovation across the Company and driving new products to facilitate them being brought to market in a timely manner.

Chief Innovation Officer interview with Australian Banking and Finance

10:15 AM - Jul 14, 2020

Newly appointed chief innovation officer at Integrated Payment Technologies, Brad Riley is looking to bring cultural change alongside product innovation into his new role as COVID-19 hit “the reset button.” in this interview with AB+F an RFI Group company

InPayTech adds innovation chief

10:07 AM - Jul 13, 2020

Payments technology company InPayTech has appointed Brad Riley as their chief innovation officer.

Integrated Payment Technologies (ASX:IP1) raises $1.88 million through entitlement offer

09:41 AM - Jul 09, 2020

Integrated Payment Technologies (IP1) has closed its non-renounceable entitlement offer of fully paid ordinary shares, after raising $1,883,192.

InPayTech integrates BizIntegration technology to power super fund member engagement platform

12:30 PM - Jul 09, 2020

Integrated Payment Technologies Limited (InPayTech) has revealed to market its proposed acquisition of BizIntegration and has notified that a successful demonstration of the BizIntegration technology is now operational on InPayTech infrastructure

InPayTech’s ClickSuper grows

12:10 PM - Mar 09, 2020

InPayTech’s superannuation payment solution has picked up new payroll provider clients, as cybercrime continues to threaten the super sector.

VicSuper security chief joins payment provider board

02:34 PM - Jan 14, 2020

Sandra Barns has joined the board of Integrated Payment Technologies Limited (InPayTech).

Looking at 2020’s key industry requirements

08:10 AM - Jan 13, 2020

Last year was a tumultuous year for the Australian financial services industry, and we have particularly seen profound changes – and a number of risks – affecting the superannuation sector.

VicSuper executive joins InPayTech board

11:27 AM - Jan 13, 2020

Payment processing provider InPayTech has appointed VicSuper’s executive company director and chief technology officer as a new non-executive director on its board.

Chief Executive Officer Video Interview

08:21 AM - Dec 17, 2019

Dean Martin, the Chief Executive Officer of Integrated Payment Technologies Limited (ASX: IP1) (InPayTech) speaks with the Financial News Network about InPayTech’s products, ClickSuper and PayVu.

Mega funds to fuel tech and cyber-security attention

08:50 AM - Dec 12, 2019

Superannuation fund trustees will need to allocation greater resources and attention to technology and cyber-security as the industry gives rise to ‘mega funds’, InPayTech believes.

Financial Standard – Cut Through

11:03 AM - Nov 28, 2019

New laws, regulations and mergers have changed the face of the Australian super landscape. Financial Standard spoke with superannuation experts, from chief executives to SMSF trustees, to find out what the future looks like.

Retirement savings vulnerable to cyber attacks, says InPayTech

11:12 AM - Nov 07, 2019

The complexity of Australia’s super system could provide fertile ground for hackers to steal your savings and your identity.

Super fund merger mania could risk members’ data

12:25 PM - Nov 05, 2019

Australians’ retirement savings are set to become more exposed to cyber security breaches, a report has cautioned, as superannuation funds follow an industry-wide trend of consolidation while lacking the capacity to handle larger amounts of data.

Pay-tech key as super security risks escalate: InPayTech

03:43 PM - Nov 04, 2019

Payment technology providers are set to play a crucial role in superannuation as funds ride a wave of industry consolidation, according to a new report, with Australians’ retirement savings to become more vulnerable to data and security breaches than ever before.

Super funds need to increase data management protection

01:06 PM - Oct 10, 2019

Australia’s retirement savings pool is at risk of cybercrime and fraud attacks as the sector continues to grow, according to a whitepaper authored by payment technology company InPayTech.

Super funds need to double-down on data management

08:39 AM - Oct 10, 2019

As Australia’s retirement savings pool grows, the sector is at risk of cyber crime and fraud attacks, according to a whitepaper authored by payment technology company InPayTech.

InPayTech appoints new CEO

06:05 PM - Aug 13, 2019

Integrated Payment Technologies Limited (InPayTech) has appointed Dean Martin as chief executive officer (CEO), succeeding Robin Beauchamp who has stepped down and will become chief technology officer (CTO).

Aussie fintech names new chief

02:10 PM - Aug 12, 2019

InPayTech has promoted internally to make Dean Martin their new chief executive, the company has announced.

InPayTech (Integrated Payment Technologies Ltd) Announce Appointment of new CEO

02:06 PM - Aug 12, 2019

Integrated Payment Technologies Limited (ASX: IP1) (InPayTech or the Company) announces that it has appointed Mr Dean Martin to the role of Chief Executive Officer (CEO) effective immediately.

Is your employee data at risk of being exposed?

09:27 AM - Jul 24, 2019

In the age of “big data”, organisations have the opportunity to harness the power of information, but also the obligation to protect what data they have in the face of constant threats. This is true for businesses of all sizes since even the smallest business cannot operate without generating data on its employees, suppliers and customers.

InPayTech picks up timely certification alongside internal strategic review

01:16 PM - Jul 18, 2019

Integrated Payment Technologies (ASX: IP1) has provided some added impetus to its overall performance as the company undergoes a significant strategic review.

Data security

09:45 AM - Jun 11, 2019

In the age of ‘big data,’ organisations have the opportunity to harness the power of information, but also the obligation to protect what data they have in the face of constant threats.

InPayTech announces corporate update and strategic review

03:21 PM - Feb 11, 2019

The Board of Integrated Payment Technologies Limited(Company) (ASX: IP1) has recently conducted a strategic review of the Company’s product development, business focus and financial and human resources.

Patent imminent for prominent fintech

01:56 PM - Nov 11, 2018

A prominent payment fintech is expected to be granted a US patent by as early as next year – its seventh patent across the globe.

InPayTech: Notice of Allowance for US Patent Application

09:48 AM - Nov 08, 2018

Integrated Payment Technologies Limited (InPayTech) (ASX:IP1) has been issued a Notice of Allowance by the US Patent Office for its US patent application of its Payment Adviser process. The US patent is expected to be granted by early 2019 in the name of its subsidiary company Jagwood Pty Ltd.

Fintech introduces STP product

01:54 PM - Sep 03, 2018

Fintech introduces STP product. ClickSuper STP is a product enabling employers to meet single touch payroll obligations by processing their STP data files via the ClickSuper website and then directly to the ATO.

Fintech introduces STP product

02:04 PM - Aug 31, 2018

A fintech has met the Australian Taxation Office single touch payroll requirements and launched its latest product. ClickSuper STP is a product enabling employers to meet single touch payroll obligations by processing their STP data files via the ClickSuper website and then directly to the ATO.

Single Touch Payroll now available for ClickSuper customers

10:59 AM - Aug 31, 2018

Clearing house provider ClickSuper has successfully completed all ATO single touch payroll (STP) requirements and launched ClickSuper STP. ClickSuper STP enables employers’ to simply meet their STP obligations by processing their STP data files via the ClickSuper site directly to the ATO.

Seamless payroll payments technology set to be a gamechanger for Aussie bookkeepers

09:45 AM - Mar 26, 2018

Revealed at the Accounting Business Expo in Sydney last week, PayVu, a digital payments initiative, has opened a new secure service for bookkeepers and accountants who struggle with periodical payments – like bills and salaries – on behalf of small business clients.

NPP to help make tax time less frantic for SMEs

01:54 PM - Jun 23, 2017

With the traditional 30 June tax period ramping up, Australia’s tireless army of bookkeepers servicing SMEs and other clients are looking out for new ways to improve and streamline their core payments (and data capture) processes. The New Payments Platform (NPP) – being introduced voluntarily from 1 July – will help to accelerate payments. The NPP will also feature several overlay services or software solutions that will introduce more user-friendly payment methods.

Calls for legislative change in wake of tax fraud scandal

10:06 AM - May 26, 2017

Adding to the concerns of a mid-tier earlier this week following the recent $165 million tax scandal, one payments facilitator has pointed to the risks of relying on third-party payroll companies.

Hands off the money! How technology can stop the next payroll fraud

10:03 AM - May 26, 2017

The alleged $165 million Plutus payroll scandal could have been avoided if automated payments technology was used by employers to make taxation payments directly to the Australian Taxation Office (ATO) rather than relying on a third-party payroll company, Plutus, to make payments on their behalf, which opened the opportunity for fraud.

How automated technology can prevent a payroll fraud

09:59 AM - May 26, 2017

In light of the massive scandal surrounding Plutus Payroll’s alleged $165 million fraud, Don Sharp, executive chairman, Integrated Payment Technologies (InPayTech), gives his perspective on how certain technology could’ve prevented the fraud.

Hands off the money! How technology can stop the next payroll fraud

02:06 PM -

The alleged $165 million Plutus payroll scandal could have been avoided if automated payments technology was used by employers to make taxation payments directly to the Australian Taxation Office (ATO) rather than relying on a third-party payroll company, Plutus, to make payments on their behalf, which opened the opportunity for fraud.

Member direct payments deliver the model to end super wage theft

10:04 AM - May 03, 2017

Yesterday’s report by the Senate Economics References Committee into the non-payment of Superannuation Guarantee (SG) – highlighting employers are not paying billions of dollars’ worth of super – requires an immediate fix and fresh solutions.

Employer direct payments deliver the model to assist in reducing superannuation wage theft in Australia

11:00 AM - May 03, 2017

Yesterday’s report by the Senate Economics References Committee into the non-payment of Superannuation Guarantee (SG) – highlighting employers are not paying billions of dollars’ worth of super – requires an immediate fix and fresh solutions.

The end of the superannuation clearing house for SMEs?

11:55 AM - Apr 12, 2017

Australian superannuation funds and SME employers must move to embrace a digital, member-direct model of contributions payment technology that is gathering pace alongside the 2017 introduction of the Reserve Bank of Australia’s New Payments Platform (NPP).

Clearing houses to be cleared out?

12:37 PM - Apr 11, 2017

Australia’s small-to-medium enterprises (SMEs) are embracing digital change with the introduction of the Reserve Bank of Australia’s (RBA) New Payments Platform (NPP), rendering superannuation clearing houses obsolete.

End of the superannuation clearing house for SMEs?

09:20 AM - Apr 11, 2017

Australian superannuation funds and SME employers must move to embrace a digital, member direct model of contributions payment technology that is gathering pace alongside the 2017 introduction of the Reserve Bank of Australia’s New Payments Platform (NPP).

End of the superannuation clearing house for SMEs?

03:01 PM - Apr 10, 2017

Australian superannuation funds and SME employers must move to embrace a digital, member direct model of contributions payment technology that is gathering pace alongside the 2017 introduction of the Reserve Bank of Australia’s New Payments Platform (NPP).

Mergers and More

InPayTech considers M&A in Australia and overseas; welcomes accounting advisors

09:53 AM - Feb 16, 2017

Integrated Payment Technologies (InPayTech) [ASX:IP1], the Australia-based financial and technology company, is considering Australian and overseas growth through mergers and acquisitions after its December debut on the Australia Securities Exchange (ASX), CEO Robin Beauchamp said.

New system eliminates superannuation clearing house requirements for SME owners

11:03 AM - Jan 30, 2017

Australian small businesses operating cloud-based accounting software can benefit from a unique software overlay system called PayVu that speeds up superannuation payments to the same day

PayVu eliminates superannuation clearing house requirements for Australian small business owners

08:33 AM - Jan 27, 2017

PayVu eliminates superannuation clearing house requirements for Australian small business owners

PayVu eliminates superannuation clearing house requirements for Australian small business owners

01:14 PM - Jan 26, 2017

Australian small businesses operating cloud-based accounting software can benefit from a unique software overlay system called PayVu that speeds up superannuation payments to the same day, and eliminates the current inefficiencies of employers needing to deal with third party clearing agencies.

InPayTech combats slow super payments

11:13 AM - Jan 24, 2017

Third party clearing agencies could be a thing of the past with a fintech company InPayTech’s launch of new technology for same-day superannuation payments.

InPayTech combats slow super payments

11:28 AM - Jan 24, 2017

InPayTech has launched a superannuation payment system, PayVu, that allows small-to-medium (SME) businesses to make same-day super payments to employees, bypassing third-party clearing houses.

PayVu eliminates superannuation clearing house requirements for Australian small business owners

11:25 AM - Jan 24, 2017

Australian small businesses operating cloud-based accounting software can benefit from a unique software overlay system called PayVu that speeds up superannuation payments to the same day, and eliminates the current inefficiencies of employers needing to deal with third party clearing agencies.

Clearing houses disrupted with same-day super software

08:48 AM - Jan 24, 2017

Newly listed fintech company InPayTech has unveiled a new system that speeds up employers’ superannuation payments, potentially allowing small businesses to bypass third-party clearing houses such as Westpac.

Integrated Payment Technologies to speed up superannuation payments

03:49 PM - Jan 23, 2017

Integrated Payment Technologies (ASX:IP1) (InPayTech) has developed a unique software overlay system called PayVu that speeds up superannuation payments to the same day.

InPayTech acquires patent in Singapore

08:15 AM - Jan 16, 2017

InPayTech has already acquired patents in several Asian countries including China, Japan and Hong Kong, with Singapore marking the last of the patents the company applied for in Asian markets.

Singapore completes patent approval in ASIA region for InPayTech

10:08 AM - Jan 12, 2017

Integrated Payment Technologies Limited (InPayTech) has received patent approval for its unique payments process in Singapore.

InPayTech receives patent approval in Singapore

11:23 AM - Jan 12, 2017

InPayTech (ASX:IP1) has received patent approval for its unique payments system in Singapore.

Integrated Payment Technologies gains patent approval in Hong Kong

09:24 AM - Dec 22, 2016

Integrated Payment Technologies’ (ASX:IP1) (InPayTech) shares are trading higher after receiving approval for its patented payments process in Hong Kong.

Hong Kong patent approved for InPayTech Limited

05:46 PM - Dec 21, 2016

Integrated Payment Technologies Limited (InPayTech – ASX Code: IP1) has received approval for its patented payments process in Hong Kong and has also patented its unique payments process in other Asian countries namely Japan and mainland China. Patents are pending in Singapore.

InPayTech Limited gains Hong Kong patent approval

09:46 AM - Dec 21, 2016

Integrated Payment Technologies Limited (InPayTech – ASX Code: IP1) has received approval for its patented payments process in Hong Kong.

Integrated Payment Technologies lists on ASX; launches new technology

09:00 AM - Dec 19, 2016

Newly listed Integrated Payment Technologies (ASX:IP1) (InPayTech) has launched a digital initiative aimed at streamlining the settlement of all electronic payments to just one day.

How PayVu will slash payment clearing time

03:40 PM - Dec 14, 2016

A new service expects to reduce payment settlement times from the traditional three days to just one.

InPayTech launches faster payment service

11:17 AM - Dec 12, 2016

Payment software company InPayTech has launched a new digital service aimed at speeding up the settlement process for electronic payments.

InPayTech Limited to scale back investor allocations following heavy over subscription to its Initial Public Offer

10:07 AM - Nov 18, 2016

Integrated Payment Technologies Limited (InPayTech) will scale back allocations of stock to certain investors following a heavy over-subscription to its Initial Public Offer (IPO) which closed on 18 November.

InPayTech to help SMEs dramatically improve cashflow cycle via its new PayVu technology

11:59 AM - Dec 06, 2016

Integrated Payment Technologies Limited (InPayTech) has launched a new digital initiative aimed at streamlining the settlement of all electronic payments to just one day.

InPayTech Limited Initial Public Offer closed to Institutional subscribers

09:46 AM - Nov 16, 2016

Retail investors have access to Offer until Friday November 18, 2016

InPayTech Limited Initial Public Offer to close this Friday 18 November 2016

08:01 AM - Nov 15, 2016

Integrated Payment Technologies Limited (InPayTech) will close its Initial Public Offer (IPO) at 5:00pm this Friday, November 18, 2016.

InPayTech Limited Initial Public Offer achieves minimum subscription

09:20 AM - Nov 07, 2016

Integrated Payment Technologies Limited (InPayTech) has surpassed its minimum subscription target of $3,000,000 after week two of its Initial Public Offer (IPO) opening.

InPayTech Limited Initial Public Offer opens today

11:06 AM - Oct 02, 2016

Integrated Payment Technologies Limited (InPayTech) has today formally opened its Initial Public Offer (IPO).

Real-time bank transfers coming by 2017, says RBA

08:23 AM - Oct 13, 2016

The “new payments platform” (NPP), which will allow bank customers to transfer funds in real-time by using just a phone number or email address, is on track to launch in late 2017, the Reserve Bank of Australia said on Thursday.

InPayTech to list on ASX

01:36 PM - Oct 07, 2016

Australian payment software provider InPayTech has lodged a prospectus with ASIC and intends to list on the ASX, with its initial public offer due to open later this month.

InPayTech plots capital raise and ASX IPO as real-time payments take off

07:23 AM - Apr 26, 2016

The former chairman of fund manager Investors Mutual, Don Sharp, is plotting a $4 million capital raising and ASX listing for his latest venture InPayTech, which operates in the lucrative payment systems industry.

InPayTech Announces Plans To Raise Up To $5 Million

11:26 AM - Oct 06, 2016

Integrated Payment Technologies Limited (InPayTech) says it plans to raise up to $5 Million including over subscriptions, and list on the Australian Securities Exchange (ASX).

Benefits Seen All Round From ATO Payment Initiative

03:12 PM - Sep 04, 2016

The ATO initiative to create “real time” payroll data and superannuation payment efficiency is good government policy that will have positive repercussions for small businesses and the payroll industry, says InPayTech chairman Don Sharp.

Financial software: Pave the cowpaths

11:54 AM - Aug 23, 2016

Forget blue-sky innovation, focus on improving current financial practices…

Regulation is not such a dirty word

06:27 PM - Aug 21, 2016

Is Australia’s fintech startup community too regulated? Or is regulation a good thing? It depends on who you listen to.

RegTech tops FinTech for innovation opportunities

06:30 PM - Aug 19, 2016

The ‘RegTech’ market — technology driven by new government regulation — provides greater opportunity for IT start-ups than FinTech and other digital disruptor markets, according to senior banking figure Don Sharp.

ATO Single Touch Payroll a looming efficiency boon to business and payroll, superannuation sectors

09:13 PM - Aug 04, 2016

The Australian Taxation Office’s (ATO) initiative to create ‘real time’ payroll data and superannuation payment efficiency is good Government policy that will have positive repercussions for small business and the payroll industry, according to InPayTech company chairman Don Sharp.

Industry innovation is not coming from within: Sharp

03:56 PM - Jul 20, 2016

InPayTech executive chairman and financial services stalwart Don Sharp is calling out regulatory challenges faced by Australian fintechs and is encouraging the federal government to take a long term view on disruptive industry legislation.

Regulation more disruptive to financial services sector than digital innovation: industry stalwart

12:04 PM - Jul 19, 2016

Government regulation imposed on Australia’s banking, wealth management and superannuation sector has greater power to disrupt the industry than organic innovation, according to senior industry figure and company chairman Don Sharp.

Regulation bigger disruptor than innovation

09:01 PM - Jul 19, 2016

Regulations imposed on Australia’s wealth management, banking, and superannuation sectors have greater power to disrupt the industry than innovation, a senior industry figure said.

Regulation more disruptive to financial services sector than digital innovation: industry stalwart

05:43 PM - Jul 19, 2016

Government regulation imposed on Australia’s banking, wealth management and superannuation sector has greater power to disrupt the industry than organic innovation, according to senior industry figure and company chairman Don Sharp.

Industry innovation is not coming from within: Sharp

03:18 PM - Jul 19, 2016

InPayTech executive chairman and financial services stalwart Don Sharp is calling out regulatory challenges faced by Australian fintechs and is encouraging the federal government to take a long-term view on disruptive industry legislation.

Regulation making it ‘impossible’ to innovate: Sharp

02:45 PM - Jul 19, 2016

Constant changes to legislation imposed by the government are making it hard for the financial services industry to innovate, argues Managed Accounts Holdings executive chairman, Don Sharp.

Regulation bigger disruptor than innovation

12:14 PM - Jul 19, 2016

Regulations imposed on Australia’s wealth management, banking, and superannuation sectors have greater power to disrupt the industry than innovation, a senior industry figure said.