Australian banks are teaming up with counterparts in Singapore and business leaders to combat scammers through information exchange.

Anna Bligh, CEO of the Australian Banking Association, emphasised the need for a global effort to tackle evolving scam tactics.

The industry is adopting new technologies to prevent identity fraud and payment delays, with a focus on international cooperation with partners like New Zealand and Singapore.

The goal is to safeguard customers' finances by cracking down on scam activities and sharing effective strategies globally.