Victoria finalises $126 million telco contracts

The Victorian government is upgrading its ageing telecommunications infrastructure under $126 million worth of telco contracts that were awarded to seven core and niche providers.

Kiwibank, Xero, Callaghan Innovation and Creative HQ have unveiled plans to launch a fintech accelerator to fund and support eight Kiwi start-ups hoping to expand into global markets.

"Technology is a fantastic enabler for innovation but the pace of change is fast and competition intense; we need to be agile in development and testing, execute quickly – and then refine as we go to keep pace with customer needs and behaviours..."  

KPMG is continuing to promote fintech collaboration opportunities, with its corporate fintech accelerator program, mLabs, continuing to deliver strong results since its August launch.

The Australian Department of Defence’s ICT modernisation effort taps into $5 billion in new funding to deliver change across all levels of business. The future outlook is shared by defence’s head of ICT realisation, Mathew Smorhun. 

 "Emphasis needs to be on predictive analytics that will lead into adoption of artificial intelligence as a means to not only understand customers, but to be able to anticipate their behaviour and expectations..."

FST Media: What are your business and digital priorities for the next 6 months?

Flutey: From a business perspective, our focus can be condensed to grow our userbase and to capture 10 per cent of the domestic market before turning our attention abroad.

The Monetary Authority of Singapore has said it is seeking collaborative ties to the burgeoning fintech scene in South Korea. 

A group of South Korea-based fintech start-ups have vowed to go ahead with action against technology giant Apple over payments systems.

FST Media: What are your business and digital priorities for the next 6 months?  

Hackett: Position the business to deliver superior products and service, at an affordable price, all with the objective of becoming Australia’s leading life insurance company.