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  • International Bank of Australia approved to launch Australia’s newest payments bank

    The International Bank of Australia has taken its first steps to becoming a household name, having been granted a restricted banking licence.  This segment has been ignored within Australia’s banking sector yet contributes more than $100 billion per annum to the Australian economy.  Securing the RADI (Restricted Authorised Deposit-taking Institution) has been a three-year process

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  • Casino hit with second class action linked to money laundering

    Star Entertainment (ASX: SGR) faces a second securities class action lawsuit that alleges shareholders were misled by the casino’s gross dysfunctional governance and oversight which led to potential breaches of anti-money laundering (AML) obligations and counter-terrorism financing (CTF) risks. Law firm Maurice Blackburn lodged a claim on behalf of shareholders in the Victorian Supreme Court

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  • IBM extends multi-million dollar worth partnership with Straker by three years

    All the world’s a stage, and it is counting on translation companies to get the word across. From the looks of it, translation is where the money’s at as next-gen language service provider Straker Translations (ASX: STG) joins the roster of companies profiting from providing translation services to tech giants. Straker has announced that the

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  • Lark appoints Satya Sharma as CEO following Bainbridge coke debacle

    After what appeared to be an endless nightmare for Lark Distilling Co. (ASX: LRK), the liqueur company has finally appointed a new CEO–Satya Sharma–putting the final nail in the saga of former CEO Geoff Bainbridge who hastily stood down earlier in the year amid news of his illicit drug use.   Satya Sharma, who was global

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  • Anteotech halts EuGeni Covid testing trials, diverts $700k saved to other avenues

    Fail a few times and you realise that it’s probably best to just call it quits. Surface chemistry company Anteotech (ASX: ADO) took a few more hits before it realised that it had to call time of death on its EuGeni SARS-CoV-2 Ag RDT1 European clinical trial. After spending millions on these trials, the Company

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  • Elon Musk fires 50% of Twitter workforce, discovers remainder were bots

    When Twitter reported less than 5% of their users were bots, it convinced Elon Musk to make a takeover offer. Now with keys to the kingdom, it hasn’t taken Musk long to work out those bots extend well beyond Twitter handles as he undertakes mass layoffs throughout the Twitter office, relieving those who offer no

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