Welcome to a new week, here’s the tech news you need to know:
1. Buddy Platform’s share price has quadrupled in six months. As a result the Australian energy tech startup has signed major distribution deals with telcos around the world. The Adelaide and Seattle company was originally backed by Lady Gaga’s investment vehicle and Microsoft, and is telling shareholders it will be in the black by 2019. Read more here.
2. Amazon might be keeping global inflation down. An analyst from investment bank Nomura has theorised that the internet giant’s super-cheap supply and distribution model could be contributing towards low inflation in USA, Japan and Europe. Read more here.
3. Brisbane startup IntelliHR is planning an IPO on the ASX. The AFR reports the data analytics software company that helps customers measure employee motivation and happiness has “ambitious” targets to take market share from global giants like SAP, Oracle and Workday.
4. NAB just became the first major bank to share customer data with credit bureaus. The Australian reports the bank will have its comprehensive credit reporting (CCR) system operating by February, in an Australian first. CCR, similar to open banking, is expected to open up the banking sector to more competition from fintech startups and smaller players.
5. Australia’s internet might not be worse than Kenya’s afterall. NBN chief network engineering Officer Peter Ryan reckons there is an explanation for the recent debate and has published a blog post Thursday night to share his thoughts. Here’s the basic rundown of what he’s saying.
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