5 things you need to know in Australian tech today

Red Balloon founder Naomi Simson. Source: supplied

Kick start your week with these tech stories:

1. Amazon seems to be bringing its in-house label to Australia. The AmazonBasic brand showed up on the Amazon.com.au site with product pages showing for items such as linen, batteries and dumbbells. The web giant’s Australian arm is expected to launch any day now as Black Friday approaches this week. Read more here.

2. In-house innovation teams within big corporates don’t work – because they can’t ever be the same as startups. That’s according to industry expert Andy Howard, who says there are very few exceptions around the world – and perhaps incumbent businesses could take a leaf out of how Seven West Media has backed labour exchange startup AirTasker. Read more here.

3. An investment app made out of frustration with the former Abbott government has launched to the public. Goodments, which is now available to iOS users but not Android, matches the user’s profile to the companies that best fit their sustainability and ethical priorities – so that investments can be directed according to conscience. Read more here.

4. Red Balloon has been fined by the consumer watchdog for overcharging customers. The experience gift marketplace, led by prominent entrepreneur Naomi Simson, was ruled to have too much credit and debit card surcharges earlier this year, and was penalised $43,200. Read more.

5. Are you an Android fan who secretly loves the way the iPhone X looks? Then this is the Android phone for you.

Bonus: We have extended the nomination period for the 2017 Business Insider Tech 100! If you know anyone in Australian tech that has done something cool in the past year, please nominate them.

Have a great day! Please email me your story tips or find me on Twitter.

NOW WATCH: Tech Insider videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.