News & Analysis

Canadian building management giant BGIS is setting up its IoT shop in Adelaide

- April 14, 2021 2 MIN READ

Canadian building management company BGIS will expand its Australian operations centre in Adelaide to monitor clients across the Asia Pacific. The global company plans to utilise the latest Internet of Things technologies in Adelaide, South Australia to remotely control buildings in other states and countries through internet-connected devices and sensors. This includes the monitoring and… Read more »

News & Analysis

Your 90-second guide to the day in tech

- April 13, 2021 2 MIN READ

Happy Tuesday and welcome to the latest tech news from around the world.  Don’t forget to tune in for the Startup Daily show on Ausbiz.com.au  every weekday, 2-2.40pm. Watch online, download the ausbiz app or via 7Plus. Microsoft’s Nuance Microsoft’s had its wallet out for some time, looking to buy something, with TikTok, Pinterest and Discord all reportedly on the… Read more »

Consumer Data Right

CBA’s startup investment arm, x15ventures, tips $1 million into ASX-listed fintech subsidiary Payble

- April 13, 2021 < 1 MIN READ

The Commonwealth Bank’s venture scaling arm, x15ventures, has invested $1 million for a 26.7% stake in bill payments startup Payble, a subsidiary of listed IT company Identitii (ASX: ID8). Payble tackles late and failed bill payments before they happen, seeing the possibilities in open banking through Consumer Data Right (CDR) to tackle a problem with… Read more »

News & Analysis

Your 90-second guide to the day in tech

- April 12, 2021 3 MIN READ

Welcome to Monday and the latest tech news from around the world.  Don’t forget to tune in for the Startup Daily show on Ausbiz.com.au  every weekday, 2-2.40pm. Watch online, download the ausbiz app or via 7Plus. Alibaba’s $3.7bn fine The Chinese government’s ongoing crackdown on local tech under the guise of anti-monopoly laws – Tencent and Baidu have already felt… Read more »

Agritech

It’s time to put agrifood tech to the test

- April 12, 2021 2 MIN READ

Over the past few years we’ve seen an explosion of agrifood technologies and Australian agricultural innovation. Part of this broad trend has seen investment in agrifood tech in Australia grow from US$29.9 million in 2017 to US$90.8 million in 2019, according to AgFunder. There has been a significant increase in capital investment into developing agrifood technologies,… Read more »

News & Analysis

How to fix a phone with water damage

- April 9, 2021 4 MIN READ

If you’ve ever gotten your phone wet in the rain, dropped it in water or spilt liquid over it, you’re not alone. One study suggests 25% of smartphone users have damaged their smartphone with water or some other kind of liquid. Liquid penetrating a smartphone can affect the device in several ways. It could lead… Read more »

News & Analysis

Your 90-second guide to the day in tech

- April 8, 2021 2 MIN READ

It’s Thursday and here’s the latest tech news from around the world.  Don’t forget to tune in for the Startup Daily show on Ausbiz.com.au  every weekday, 2-2.40pm. Watch online, download the ausbiz app or via 7Plus.   The US of YouTube The Pew Research Center released a study into US social media habits overnight, which revealed that while 7 in… Read more »

Fintech

Australian fintech Assembly Payments is merging into Irish forex marketplace CurrencyFair

- April 8, 2021 2 MIN READ

The journey for Melbourne fintech Assembly Payments is set to end with the company being merged into Ireland-based cross-border payments platform CurrencyFair by one of the company’s key backers Standard Chartered. The British banking multinational launched a Singapore-based joint venture digital payments company with Assembly Payments in early 2020. Standard Chartered said the merger was… Read more »

Fintech

EML Payments shares jump after the fintech’s $170 million Eurovision acquisition

- April 7, 2021 < 1 MIN READ

Shares in Australian fintech EML Payments (ASX: EML) jumped 5.8% today on news that it would acquire Irish open-banking platform Sentenial for €70 million (A$108.6m), plus an earn-out component of up to €40 million (A$62.1m). Sentenial, and its Open Banking brand Nuapay, operate in Europe via more than 1,750 banks, processing €45 billion in payments… Read more »

Cryptocurrency

How a simple Apple App Store scam stole $1.3 million worth of bitcoin from one cryptocurrency investor

- April 7, 2021 2 MIN READ

A man lost 17.1 bitcoin – worth $1.3 million today – in an Apple app store scam that serves as a warning to people wanting to track their cryptocurrency on smart phones. Over the course of a few years, Phillipe Christodoulou banked up the bitcoin, watching as its value started to climb last year, according the Washington Post.… Read more »

News & Analysis

Your 90-second guide to the day in tech

- April 7, 2021 4 MIN READ

Welcome to Wednesday. Don’t forget to tune in for the Startup Daily show on Ausbiz.com.au  every weekday, 2-2.40pm. Watch online, download the ausbiz app or via 7Plus. Here’s today’s tech news.    Google beats Oracle A decade-long legal battle between tech behemoths Google and Oracle over copyright infringement on software code is over with the US Supreme Court finding in… Read more »

Funding

Canva’s valuation has surged towards $20 billion following a new $93 million raise

- April 7, 2021 2 MIN READ

Australian design giant Canva has a staggering new valuation of US$15 billion (A$19.6bn) following a fresh US$71 million (A$93m) investment.  That figure more than doubles the company’s last A$8.7 billion valuation in less than 12 months following an A$87 million raise in June 2020. In just 18 months, the privately-owned design startup has more than… Read more »