Monday, December 28, 2020

Blacklisted iFlytek announced a collaboration with ANZ & Delloites " to jointly provide intelligent service robots for ANZ" : Likely privacy and security issues for ANZ and other bank customers

 by Ganesh Sahathevan



The photo below and the  Chinese  and  Google translated text is located at link https://cn.meetkol.com/?/article/441

科大讯飞代表团和澳新银行 Deputy CEO Alexis George 女士合影

IFLYTEK delegation and Ms Alexis George, CEO of ANZ bank



In the financial field, the iFLYTEK delegation and ANZ Bank, one of Australia's four largest banks, held in-depth discussions on their cooperation. Xie Fei, General Manager of iFLYTEK Intelligent Finance Division, said that in the future, we can combine the characteristics of both parties, join hands with Deloitte Technology and NewZealand partner, Rocos, to jointly provide intelligent service robots for ANZ Bank. Many venture capital firms also expressed their great prospect about the development of artificial intelligence industry and the bright future of Chinese market, and hope to further cooperate with iFLYTEK to enter the Chinese market and promote the development of artificial intelligence industry in China and Australia.



iFlytek has been blacklisted by the US Government for its part in assisting in the persecution of Uighur by the Chinese Government.
ANZ has not informed the market about its collaboration with iFlytek, in possible contravention of ASX continuous disclosure rules. 

Additionally there are the privacy and security issues that ANZ depositors and other customers might be exposed to by the deployment of the iFlytek intelligent service robots. These issues are likely to be industry wide, given the high degree of integration in the Australian banking system. ANZ owes the market and the wider public an explanation.
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