Here’s what’s happening:
1. Malcolm Turnbull is urging big US tech companies to shine a light on the “dark places” where terrorists are messaging each other. The prime minister, in a speech in London overnight to accept the Disraeli Prize, has said the internet must be free and secure – but not “ungoverned”. Read the full transcript here.
2. Google’s connected home brand Nest has launched in Australia. The company is now selling an indoor camera, an outdoor camera and a smoke detector – all controlled smartly through your smartphone, of course – to Australians via iSelect. The cameras can be enhanced with a Nest Aware subscription, which for $14 per month will record all the video footage of what’s happening at home even if you don’t have time to keep an eye on things in real-time. Read why Nest has not released its latest model camera and its signature Thermostat product in Australia.
3. An Australian fintech has gone to market today claiming it can grant a home loan in 22 minutes. Adelaide startup Tic:Toc, backed by Bendigo and Adelaide Bank, says it can achieve this by automating the usually manual data crunching while you complete the application form. Meanwhile, mortgage marketplace startup HashChing has teamed up with an e-conveyancing provider to allow its customers to go completely digital in getting their legal paperwork over the line.
4. A Sydney entrepreneur is sniffing around for $10 million to get daily fantasy sports into the mainstream in Australia. The concept has taken off in the USA in recent years but had met with controversy with some authorities deeming it gambling disguised as fantasy sports. However, Daniel Simic’s PlayUp venture – operating in Australia and India — is sidestepping that dilemma with one smart move.
5. Woolworths was forced to cancel online grocery orders placed this week due to a technical stuff-up. iTnews reports the supermarket first informed customers Sunday afternoon that their deliveries would be delayed to the same timeslot on Monday. But then the problem still hadn’t been fixed Monday so the grocery giant had no choice but to cancel everything for both afternoons. Woolworths chief executive Brad Banducci has publicly apologised.