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?
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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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