5 things you need to know in Australian tech today

This robot doesn’t understand whats going on. But soon could. Koichi Kamoshida/Getty.

Here’s what you need to know in tech today.

1. Why Tyro wants to be a bank. Australian payments company Tyro has raised $100 million and secured a banking licence. We talked to its CEO about why it wants to be a bank, how it can compete with incumbents.

2. Square is planning a push into Australia. The mobile payments company plans to double its Australian workforce as it expands its product offerings in the country. But it faces competition from Australian payments services and the banking sector, who have both developed similar product lines.

3. Why Atlassian could be the most successful tech IPO this year. Tech IPOs have lost favour since last year, which saw more than 50. Here are some of the reasons why Atlassian could reverse the negative trend.

4. An app to track goals won the first refugee hackathon. Goalify, a service that allows refugees and caseworkers to make and track goals, won the first refugee hackathon over the weekend. Now the goal is to find a model way to keep it going.

5. Computers will soon read and react to our body language. A new field called “affective computing” is combining technology with psychology, cognitive science and neuroscience. The potential uses range from smart homes to robot nurses.

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