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This week in everything from the ASX to Silicon Valley

WEEK STARTING OCTOBER 15


EDIT: Apologies - the last one had some incorrect info.

Happy Friday amigos! Here's a fresh loop to cap off your week. Dive in:


AUSTRALIAN FINTECH

CBA's 'Dollarmites' program is being investigated as part of ASIC 'School Banking' probe

BNPL schemes (Afterpay, Zip etc) are going to face a Senate inquiry

Two cents: If BNPL become more heavily regulated, likely winners = credit bureaus. Likely losers: consumers - (a) BNPL may pass on a fee per-transaction (e.g. $1, like Uber) to cover the cost of a credit-check (b) They become more stringent 'lenders' and genuinely don't accept riskier customers (again, consumers lose)

NAB Ventures & Reinventure invest $2m into Slyp, a smart receipt (itemisation) company

Afterpay and Up Bank partnered

BIG TECH

Visa is tokenising their card numbers to reduce eCommerce fraud

Square released a new all-in-one terminal for merchants

POTPOURRI

Canada legalised marijuana for all purposes. A different type of token-ising

Khashoggi's Apple Watch was rumoured to have recorded information throughout his torture, or not

Roger David went into voluntary administration

Thought starter: Dementia sufferers in Japan sit atop over $1.3t of savings 

SATIRE

Pauline Hanson Tells Great Barrier Reef It's Ok To Be White

TRIVIA
Feeling phrase-y this week

(a) Which phrase, meaning "discuss the most important matter", dates back to 1920s movie editing?

(b) Which term, meaning 'sudden severe head pain that typically lasts only a few minutes' was trademarked by 7-Eleven in 1994?

(c ) Which country's capital's name is a Latinized form of the name of its country?

 

***

I'm off for the next two weeks on a break around the USA, so the next edition will be in November. Keep doing what you're doing.

Feedback always welcome @ james.david.grafton@gmail.com 

 

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***





(a) Cut to the chase

(b) Brain Freeze

(c) Brasilia (Brazil)






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The Inner Loop · SYDNEY · AUSTRALIA, NSW 2000 · Australia

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