ASIC stories

Australia faces a surge in corporate insolvencies, with tech firms like Plutora racking up debts of AUD $37.3 million as businesses turn to software escrow for protection.

New legislation mandates annual sustainability reports for large companies, requiring detailed emissions and climate risk disclosures by 1 January.

Airwallex has secured an Australian Financial Services Licence to provide retail investment products, broadening its financial services. The move follows the launch of Airwallex Yield for wholesale customers.

Report It Now has launched in Australia, offering its EthicsPro SaaS to aid organisations in handling whistleblowing, regulatory concerns, and ethical conduct.

Major Australian firms like Deloitte and PwC back mandatory digital ESG reporting to comply with evolving regulations, aiming for easier, accurate disclosures.

Siemens unveils Catapult AI NN, a new software to streamline AI accelerator development, allowing for efficient, power-optimised SoC designs.

AI, cybersecurity, and tech skills dominate the 2024—25 Federal Budget, but experts say more support for startups is essential for long-term innovation.

Australia's SMEs foresee a drop in turnover by year-end, while Prospa and Xero partner to ease financial administrative tasks for these businesses.

FinTech Australia calls for government policy revisions, citing capital raising challenges for startups and the need for stronger support from Austrade to boost the country's fintech reputation internationally.

AI-washing prompts ethical debates and legal challenges in corporate Australia, as companies risk fines for making false claims about their AI technology use.

The accelerating need for high-performance computing, driven by emerging technologies, is set to fuel a growth surge in the data centre accelerator market, with predictions for it to reach USD $89.8bn by 2031, up from USD $14.4bn in 2022.

The data centre chip market is set for an 8.1% CAGR between 2022 and 2032, driven by increasing data generation and the need for efficient processing.

Ripple's inaugural Australia policy summit equipped nearly 200 global/local policymakers and industry leaders with insights into regulatory amendments for blockchain.

With 2024 fast approaching, it’s becoming increasingly evident that next year will be a pivotal one in cybersecurity.

RingCentral's top execs forecast AI, cybersecurity, corporate governance, privacy, and hybrid working to shape Australia's business scene in 2024.

Fortinet has upgraded its Universal Secure Access Service Edge (SASE) offerings in order to boost global cloud security.

Australian-based tech firm, Fortifai, enters market with focus on validating safety, alignment, and precision of AI outputs.

The company's product revenue was US$500.7 million, up 35% y-o-y, and service revenue was US$761.6 million, up 30% y-o-y.

Fortinet unveils FortiSP5, a breakthrough in ASIC technology, offering enhanced security and cost savings for distributed networks.

Despite understanding the critical nature of cybersecurity risks, many boards fail to adopt a 'reasonable care' standard, leaving firms exposed.