More than four in 10 Australian corporate treasurers have invested or are exploring opportunities to invest in FinTech, research suggests.
The majority of Australian IT budgets are now being spent on transformation and innovation rather than merely keeping the lights on, Telsyte research indicates.
Tyro Payments will award up to ten $25,000 grants as part of a plan to crowdsource ideas for SMEs to improve efficiency in their business banking processes.
The government has finally established a $128.4m grants program to co-fund the implementation of the data retention scheme, but the industry has complained of delays and underfunding.
Gartner forecasts that the Australian IT market will grow 2.8% in 2016 to $83.3 billion, with software the fastest-growing category.
The majority of Australian CIOs report being at least moderately impacted by ageing or disparate technology, and just over half report being challenged by budget restraint.
A new group with the backing of Australia's largest tech companies aims to improve coordination among the stakeholders working to turn Sydney into the Australian equivalent of Silicon Valley.
The University of Sydney has been awarded a multimillion-dollar research grant in quantum technology from a US intelligence agency.
Australian online retailer Kogan has arranged to acquire Dick Smith's online business from its receivers and revive the brand as an online-only consumer electronics retailer.
Shares in Twitter briefly fell 13% after the company published its latest results showing that its monthly active userbase actually declined during the fourth calendar quarter.
AGL and the government have separately invested in Sunverge Energy's battery energy storage technology, while Australia's Redflow is preparing to launch its own battery storage product.
A government grants program worth nearly $130 million is now available to telecommunications providers to meet new data retention obligations.
Tyro Payments, the Australian EFTPOS provider seeking to disrupt the banks with its payment platform, has secured $100m in new investment funding.
Bill Ferris, regarded as the father of Australia's venture capitalist industry, has been appointed as the new chair of Innovation Australia.
Australia Post has announced it will invest around $20 million in emerging e-commerce businesses.