News
AI is about to expose how banks really make money
For years, the banking system has depended on people not always knowing their options — or giving up when things go wrong. Whether it’s a scam, a fee error or an unauthorised transaction, too often customers are left feeling powerless. Banks could lose up to $170 billion in profits as AI tools begin helping people make smarter financial decisions.
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Bank mistakes are more common than you think.
AFCA’s latest report shows over 342,000 Australians caught in banking and insurance errors — from unauthorised transactions to system failures. Many never knew they were owed a fix. EquiClaim helps you take action — no win, no fee, no judgement.
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