ANZ scraps passwords for digital banking log-in
ANZ is scrapping password access to its digital banking arm ANZ Plus, replacing key-based log-ins with two-factor authentication.
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Rather than typing in a password, customers will instead be able to access their ANZ Plus Web Banking through two authentication methods: either by using a passkey, which could be their fingerprint, face or mobile device PIN, or by entering their mobile number and approving a log-in request sent to their secure ANZ Plus app.
ANZ Group Executive Australia Retail, Maile Carnegie says: 'The introduction of Password-less Web Banking will revolutionise the way customers access their bank account. Not only will it be easier than ever to log into your account, we're helping our customers bank with confidence knowing their accounts are secure.
'By introducing this change, we're helping prevent customer log in details from the risk of data breaches or phishing attacks - providing an extra layer of protection and one less thing for customers to worry about when it comes to banking security.'
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'But, like everything in life, to make it work you need to be highly organised.' In her interview with Marie Claire, Lake said: 'I never worried about raising a kid on my own. I'm 42, not 20 with my eyes closed. The circumstances aren't traditional, but I didn't hesitate to do it.' Lake has also championed diversity. In her 2015 speech at American Banker's gala, the executive said she had made an effort to surround herself with a 'diverse team ... with respect to experience, background and thinking.' 'Should my daughter decide to follow in my footsteps and enter this great industry, I would like to believe that she would have all the same opportunities that her brothers would, and that I would like to do everything I can to ensure that that is the case,' she said. Lake's rise comes at a time when Donald Trump is fighting an all-out war on the diversity, equity, and inclusion (DEI) policies that have become widespread throughout America's largest firms. JP Morgan itself recently relaunched its DEI initiatives, replacing the word 'equity' with 'opportunity', in a rebrand of the programme under a new name, 'DOI'. Whether this is enough to escape the president's ire remains to be seen. Regardless, Lake may not have to deal with Trump, even if she does get the top job. The board of JP Morgan handed Dimon a $50m retention bonus in 2021 that would keep him in the top job until at least the middle of next year, and he said this week that his retirement was 'several years away'. Still, he has also admitted that succession planning is 'well under way'. While she may still face a wait, Lake could soon become JP Morgan's first female chief – and one of the most prominent Britons on Wall Street. The limelight is calling.
