What's Making Headlines – Can open banking be the fix for mortgage fraud?

How can the mortgage industry stay ahead of criminals using AI to forge documents? It's a question becoming increasingly urgent as a new wave of sophisticated fraud hits the Australian lending landscape Join host Annie Kane, senior journalist Charlie Tchetchenian, and commercial content writer Ben Squires as they review the week's biggest stories in finance and real estate, distilled into bite-sized insights. This week, the team discusses the move by finance associations to lobby for ATO data integration into open banking as a "single source of truth" to verify borrower income and crush fraudulent applications. They also dive into the recent acquisition, creating Australia's largest deposit bond provider, and how the government thinks it can fix the Compensation Scheme of Last Resort. This week, they discuss: The pros and cons of introducing ATO data in open banking. The details of the merger between Deposit Power and Deposit Assure. What the proposed Compensation Scheme of Last Resort changes mean. And much more!