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Machine Learning in HR: Applications and Real-World Use Cases
According to research conducted by Glassdoor, on average, the entire interview process conducted by companies in the United Stated usually takes about 22.9 days and the same in Germany, France and the UK takes 4-9 days longer [1]. Another research by the Society for Human...
Uniti Group Acquires Telstra Velocity Assets for $140 Million
Australian telecommunications provider Unity Group has announced the acquisition of Telstra Velocity, a Fibre-to-the-Premise (FTTP) network owned by Aussie telecom giant Telstra. The sum paid by Uniti Group for the same is $140 million. The $140 million deal includes an upfront payment of $85 million...
Neobank Xinja closes shop amidst COVID-19; returns banking license
Blaming the pandemic and a difficult capital raising environment, Australian neobank Xinja has decided to exit the banking sector in the country and focus on its share trading platform in the United States. The bank announced on 16th December 2020 that it will be closing...
Comodo Cybersecurity hires new boss for the ANZ region
Digital certifications and antivirus vendor Comodo Cybersecurity appoints channel veteran Greg Wyman as its Vice President for the ANZ region. The move comes after the company decides to take up a ‘channel approach’ and won’t be selling directly in the region. The company will be...
NPP, BPAY & eftpos agree to merge under a new name ‘NewCo’
Three Australian payments infrastructure companies, eftpos, BPAY and New Payments Platform Australia (NPP) have agreed to merge as a single entity. The step has been taken in order to compete better and reduce costs with the growing number of international payments platforms. The three platforms...
McKinsey Appoints 8 New Partners in Australia & New Zealand
Introduction Global leading consultancy giant McKinsey & Company has appointed 8 new partners in the ANZ Region. McKinsey & Company is an American (and a global) consulting firm which was founded in the year 1926 by Professor James O. McKinsey of University of Chicago. The...
Software company Synechron acquires Aussie fintech firm Attra
Australian financial technology company Attra has been acquired by infrastructure technology and consultancy giant Synechron. How much Synechron paid for Attra and other terms of the deal have not been disclosed. Attra’s financial advisor on this transaction is Avendus Capital. Software company Synechron continues its streak...
NAB rolls out built-in smart receipts with Australian fintech Slyp
In a first, Big Four bank National Australia Bank has partnered with Australian fintech Slyp to introduce Smart Receipts as a feature in its mobile banking app. Customers of NAB will automatically receive itemized Smart Receipts from participating retailers directly in the NAB app at...
Immediation gets a $3.75 million cash injection in Series A funding
Online dispute resolution platform Immediation has successfully raised a whopping capital of $3.75 million via a Series A funding round after the pandemic led to a technology overhaul of the legal system along with 1000% growth. The Series A funding round contributors were Alex Waislitz...
