Finance

Overnight, ridesharing giant Uber made its S1 filing as part of its initial public offering, revealing the company made US$10 billion worth of operating losses since 2016. It also warned more operating losses are expected and it “may not achieve profitability”. The filing suggests Uber is pitching itself to investors

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Last year venture capital investments in Australia hit a record high, skyrocketing 36 per cent to US$899.05 million. Globally VC investments set a new record, jumping from US$175 billion in 2017 to US$255 billion. Sign up for Which-50’s Irregular Insights newsletter The figures come from the quarterly report, Venture Pulse Q4 2018

Finance and business investment concept. Graph and rows with statistic growth of coins on table.

Australia’s US$1.15 billion alt-fi market including peer-to-peer lending and crowdfunding grew 88 per cent in 2017, surpassing US$1 billion for the first time and consolidating its position to become the second largest market in Asia-Pacific, according to a comprehensive research of the online alternative finance market. The study, titled “Cultivating Growth:

Catch Group is expanding its online offering launching an online personal loan product with Now Finance named Catch Personal Loans. The online retailer claims it is “taking aim at the big banks” through the introduction of this new financial product helping customers get the “best possible finance deal to fund

SAP will buy survey software company Qualtrics for US$8 billion in cash with both companies hoping to provide value to businesses by combining experience data and operational data. The cloud giant has secured financing in the amount of €7 billion to cover purchase price and acquisition-related costs. According to Axios,

electronic banking mobile fintech

Although the majority of banks recognise the advantages of building new information technology (IT) systems on cloud platforms, many have been slow to transition to the cloud, and only one in four has a solid strategy for cloud adoption, according to a new report from Accenture. The report — titled

Mobile payment, eftpos, financial services, smartphone

Australian shoppers prefer to use non-bank cardless payments like Apple Pay and Google Wallet over the banks own offerings, according to a report from Roy Morgan. The research firm believes incumbents will need to collaborate more with fintechs and third parties to “keep up” in the evolving digital payments market.

Stephen Porges has been appointed CEO of the Australian Alliance for Data Leadership to provide data leadership, advocacy and governance to Australian businesses. The Australian Alliance for Data Leadership (AADL) is a network of Associations with the common thread of data and customer experience, representing the essential functions of data-driven

A digital gap has emerged in the quality of websites in the Australian finance Industry. Leaders have recognised the critical need for a high quality digital experiences as Australians increasingly move their financial services online. While others have neglected their websites and now risk undermining vital consumer trust. Siteimprove crawled

Digital accessibility is gaining increasing traction as an issue in Australia. But while advocates argue inclusive design should be standard practice, new research suggests many organisations are still lagging. Even a sector like finance, often considered a leader in accessibility, is struggling. According to research from Siteimprove, 94 per cent