NAB agrees to acquire neobank 86 400 for AU$220 million
Melbourne-headquartered National Australia Bank (NAB) has agreed to acquire Australian neobank 86 400 for about AU$220 million and combine it with UBank, NAB’s very own digital-only bank. Moreover, the bank already owns a minority stake in 86 400 of approximately 18.3%. NAB said that the...
CommBank’s x15ventures makes 2 significant appointments
x15ventures, a scaling entity of Commonwealth Bank of Australia announced two significant appointments – Mr Ben Heap, who has been appointed as the first independent and Non-executive Chairman of x15ventures and Ms Jane Martino, the first External Portfolio Manager at x15ventures. The ‘x’ in x15ventures...
Fortinet hires new Operational Technology Director A/NZ
Cybersecurity solutions provider Fortinet announced the appointment of a new Operational Technology Solutions Director for the Australia and New Zealand region, Mr Andrew Sheedy. As the Director of Operational Technology (OT), Sheedy will be focusing on securing critical infrastructure systems for the ANZ customers. Fortinet...
A virtually unhackable quantum internet: is it possible or a shot in the dark?
According to a survey by Accenture, 68% business leaders think that cybersecurity risks are increasing [1]. Moreover, a report by Varonis found that just 5% of organizations’ are protected properly. 53% of organizations found more than 1,000 sensitive files accessible and open to every employee...
Telstra & AWS join forces to offer edge computing services
Introduction Telecom giant Telstra and AWS have signed a strategic agreement for the purpose of collaborating on 5G and multi-access edge computing offerings. This agreement has been signed by both the parties to help businesses accelerate cloud adoption. The framework agreement between Amazon Web Services...
Australian Red Cross Band & Twitter to launch emergency search prompt
In a joint effort with the 288-character social media platform Twitter, the Australian Red Cross has announced the launch of an emergency and natural disaster search prompt. Twitter says that this prompt will act as a way for users to stay up-to-date with information regarding...
LocalSearch Firm Advocates for Compromise on News Media Code
Localsearch, a local search and digital marketing solutions provider has urged Google and the Australian government to reach a compromise on proposed and controversial news media code. The local search marketing company says it fears that other small businesses could suffer from the repercussions of...
Essential Remote Work Technologies for Seamless WFH
For good or for worse, work from home is here to stay. Remote working is the reality the world had to face and get used to in the light of the global pandemic. With the growing adoption of the WFH lifestyle, need and importance of...
RegTech firm Kyckr partners with fraud-prevention tech provider FrankieOne
ASX-listed regulatory technology firm Kyckr Limited has announced a partnership with Australia’s leading fraud-prevention platform provider for fintechs, banks and financial institutions, FrankieOne. Through this partnership, clients of FrankieOne will get access to primary-source corporate information through the global registry network of Kyckr for their...
Transport tech giant Uber joins accessibility taxi scheme in Australia
Transport technology giant Under will be joining the ‘Multi Purpose Taxi Program in the Australian state of Victoria. According to this scheme, Uber will offer subsidies of about AU$60 on rides for people with accessibility needs. The government of Victoria has decided on expanding the...
