In 2030, the adjudicators of the World Trade Organization (WTO) are sitting in the Geneva headquarters to hear a trade dispute between the Republic of Robata and the Federal Republic of Daemon. Robota, a developed country, is a superpower in artificial intelligence (AI) and takes the lead in designing and manufacturing vehicles equipped with… Read more »
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 »
Artificial intelligence (AI) is learning more about how to work with (and on) humans. A recent study has shown how AI can learn to identify vulnerabilities in human habits and behaviours and use them to influence human decision-making. It may seem cliched to say AI is transforming every aspect of the way we live and… Read more »
Two areas that could soon dominate the Australian finance space are the increased success of the fintech industry and the movement toward the adoption of open banking. Interestingly, an ecosystem built on the security needs of banks for sharing consumer data will see fintechs become more intrinsically linked to the innovation opportunities open banking allows… Read more »
Access to Open Banking under the Consumer Data Right (CDR), introduced in Australia in July 2020, will be expanded next year to include more business customers after federal treasurer Josh Frydenberg approved the ACCC’s expansion plans for the roll out. From 1 November 2021, major banks will enable business customers to share their data with… Read more »
Artificial intelligence (AI) is no longer the stuff of science fiction. In the form of machine learning tools and decision-making algorithms, it’s all around us. AI determines what news you get served up on the internet. It plays a key role in online matchmaking, which is now the way most romantic couples get together. It… Read more »
Most people these days are aware that what they share online is both valuable and vulnerable. Data privacy has become a major concern for consumers and corporations alike. The issue will come to a head when New Zealand’s Privacy Act 2020 comes into force on December 1. The legislation replaces and updates the 1993 act.… Read more »
In recent years, artificial intelligence (AI) has shifted from being something in a science fiction novel to reality. Every day, AI-powered tools are playing an increasing role in our lives and undertaking tasks once the exclusive domain of humans. The pace of AI development is also increasing. Led by large technology firms such as Google,… Read more »
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