Category: Industry Insights

Major banks have told a Senate committee that AI generated fake documents are making mortgage fraud easier to commit and harder to detect. Their proposed solution is direct, secure access to Australian Taxation Office data so borrower income can be verified at the source rather than through payslips, tax returns and bank statements supplied as...

The DoxAI Mist partnership marks a strategic step in strengthening financial trust infrastructure for Australia’s international education sector. DoxAI has invested $2.5 million in Mist, joining a $1 million investment from the Assetora Investment Fund. The DoxAI Mist partnership investment follows coverage in The Australian and Stockhead. The article examined the next major opportunity in...

On 9 April 2026, AUSTRAC issued fresh guidance urging lenders to strengthen verification controls as its investigation into large scale mortgage fraud continues to expand across the Australian banking sector (The Adviser, 2026).  This follows earlier revelations involving Commonwealth Bank of Australia and the broader Big Four, where suspected fraudulent home loans reached up to...

FUJIFILM Business Innovation New Zealand (FBNZ) announced a partnership with DoxAI, on the 25th of March 2026, a venture of Lakeba Group, to bring Fraud Check AI, an advanced fraud detection solution designed specifically for the Financial Services Industry (FSI), to customers across New Zealand. The partnership strengthens FBNZ’s long standing commitment to helping organisations...

On 27 February, AFR reported that the Big Four fraud probe expanded as major banks reported suspected loan fraud to NSW Police, joining National Australia Bank and Commonwealth Bank in a widening investigation that now spans the entire big four. Police suspect that a single criminal network may have defrauded the major banks of at...

On the 27th of February 2026, Commonwealth Bank reported itself to police and the corporate regulator over fears that about $1 billion in home loans (AFR, 2026). Banks may have obtained these loan originations using fraudulent documents, suspect deposits and shell companies. The review followed whistleblower complaints, scrutiny of broker introduced mortgages and heightened concern after the exposure...

Fraud is no longer a compliance box to tick. It has become a national crisis threatening trust, reputation, and business continuity. In 2025 alone, Australians lost more than $2.03 billion to scams and document-based fraud (Security Brief, 2025). Over 70,000 government-issued IDs were reported stolen or misused (Cyber Daily, 2025), and digital document forgeries surged by 244 per cent year-on-year (IDM, 2025).  This...

DoxAI appoints Roberto Purcaro as Non-Executive Director to accelerate international expansion. Former Macquarie Capital executive, he brings two decades of global investment banking experience across infrastructure, energy transition, and technology. Purcaro will provide strategic oversight, deepen partnerships, and guide growth as DoxAI scales its AI automation platform worldwide this year.

Five flagship AI projects unveiled to accelerate national AI strategy Dubai: The UAE has launched a new initiative with the opening of the AI Centre of Excellence, established by Lakeba Group, DoxAI, AqlanX, and the University of Wollongong in Dubai (UOWD). Located at UOWD’s campus in Dubai Knowledge Park, part of TECOM Group PJSC, the...

DoxAI is excited to announce the appointment of Kevin Wo as a Non-Executive Director. Kevin brings twenty-nine years of experience across Microsoft, Oracle, IBM, and PwC. He strengthens the board as DoxAI scales its AI automation platforms in Australia and abroad. 

DoxAI and WhiteHawk have formed a strategic partnership to deliver AI automation and cyber risk solutions for enterprises in Australia and North America. The collaboration blends DoxAI enterprise grade workflow automation with WhiteHawk cyber risk analytics to streamline compliance, strengthen resilience and accelerate secure transformation across finance, legal, healthcare, education and government.

DoxAI announces the appointment of Sarah Carney as a non-executive director to its board. Sarah is Microsoft’s National Chief Technology Officer in Australia and New Zealand, and she brings a wealth of expertise in technology and business strategy to the role.