News

SYDNEY-BASED RESEARCH GROUP SCOOPS NATIONAL RESEARCH AWARD

June 16, 2006

Sydney-based research that has resulted in the world’s first real-time fraud detection technology has emerged as the focus for research excellence at one of the nation’s most important scientific and research events.

The Capital Markets CRC, based in Sydney, has been awarded one of Australia’s most prestigious research accolades.

The Awards for Excellence in Innovation ceremony was recently held in Brisbane as part of the national conference for the Cooperative Research Centres Association (CRCA).

Mr Tony Staley, a former Federal Communications Minister and now Chair of the CRCA, said that the standard of innovative research and education being undertaken by Australia’s 70 CRCs is world-class.

The Australian investment community can now benefit from the world’s first real-time fraud detection technology, developed by the Capital Markets CRC through adapting leading edge research in data management, data mining and data visualisation to the capital markets area.

Given that approximately 70% of Australia’s superannuation assets are invested in securities markets, the innovation represents an important step forward in protecting the retirement savings of Australians. Ultimately this will lead to a reduction in the cost of capital for Australian business which will in turn facilitate the funding of more innovation in Australia.  

Deployed through the broking community, the product has captured 95% of the Australian broker market in fewer than two years and has also been launched in New Zealand, Singapore, Hong Kong, the UK and Canada.

Other research and education programs to receive awards included the development of disease resistant forage crops, tackling invasive plants and an interactive biotechnology education program for students.

INTERVIEW OPPORTUNITIES AVAILABLE WITH
PROFESSOR MIKE AITKEN, CEO OF CAPITAL MARKETS CRC

For an interview / further information:
Dawn Leo – Capital Markets CRC
Phone: 02 9233 9166