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Innovation

This Month

Brad Jones, Assistant Governor (Financial Systems) at the Reserve Bank of Australia sees tokenisation as a way to save costs.

Why banks are looking at real-world asset tokenisation

Banks spend billions each year on systems to track and finalise millions of trades. Could crypto help to streamline processes?

  • James Eyers and Jessica Sier
Rene Michau, head of digital assets, Standard Chartered Bank flew to Sydney for the AFR Crypto Summit.

Tokenisation of real-world assets is the killer app for crypto

What if crypto was not only a speculative asset class but a new technology stack for financial markets?

  • James Eyers and Jessica Sier
Doug Hilton

Big ideas trump commercialisation for new CSIRO boss

Doug Hilton has laid out plans for it to help answer the big questions facing society, while also making some money along the way.

  • Updated
  • Tess Bennett
Some of the largest global financial institutions are seeking to unlock efficiencies from blockchain.

How crypto is forcing banks, funds towards new digital asset markets

The market cap of cryptocurrencies is $1 trillion. But real-world assets are valued at $800 trillion. How much could be “tokenised” onto blockchains to create efficiencies?

  • James Eyers
Sam Elsom in the Sea Forest lab.

Why this Australian seaweed farmer is setting his sights on Europe

The intense pressure on British and European farmers to cut methane emissions has opened up a major market opportunity for Tasmanian start-up Sea Forest.

  • Hans van Leeuwen
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September

Sypac’s chief engineer Ross Osborne, and its CEO Amanda Holt, join managing director David Vicino and founder and chairman George Vicino with one of the drones that have been deployed in the Ukraine conflict.

Cardboard drone maker used in Ukraine is Australia’s top innovator

Sypaq has won the 2023 AFR Boss Most Innovative Companies Award, for its flat packed cardboard drones, which have been serving on the front line in Ukraine.

  • Paul Smith

Old hands can be disruptors too

Some of the finalists in the 2023 AFR BOSS Most Innovative Companies awards are not start-ups, but companies that have been around for a few decades or more.

  • Sally Patten
Andrew Laycock, founder and chief executive of Shaype.

Financial services elephants need the little guys

Innovation is hard for banks because of their size and scale. But it hasn’t eliminated the need to be agile, if anything it’s made it more necessary.

  • Ayesha de Kretser
Scott Kirkland with one of EM Vision’s portable imaging devices.

Portable brain imaging company wins healthcare award

EM Vision named the top innovator in the health category in the 2023 AFR BOSS Most Innovative Companies list.

  • Sally Patten

Robots open a path to sustainable construction

This university building used a world-first technological innovation involving the use of a robot to install screw fixings during construction.

  • Prashant Mehra
CEO of whiteGREY Lee Simpson. The agency won the AFR’s Most Innovative awards in the media and marketing category for creating a therapeutic system for family and friends of those who have gone missing.

Ad agency builds a new therapeutic system for psychologists

whiteGREY’s Hope Narratives won the AFR’s Most Innovative Companies award in the media and marketing category.

  • Mark Di Stefano
Dr Larry Marshall was head of the CSIRO for eight years.

We need to turn invention into innovation

Australian innovation has come a long way over the past decade, but innovation never sleeps, writes Larry Marshall.

  • Larry Marshall
  • Exclusive
  • AI

The new $3b robot factory shooting for the moon

Advanced Navigation, a Sydney deep-tech company backed by Malcolm Turnbull, is scaling up a factory that helps NASA navigate when there’s no GPS.

  • John Davidson

Australia’s five most powerful tech leaders for 2023

From a funding winter to cyberattacks and the rise of artificial intelligence, it has been a big year for Australian techies.

  • Paul Smith

ASX’s CHESS problem sinks Australia’s finance centre ranking

Mandala Partners found allowing competition in equities clearing and settlement will arrest a disturbing slide down the Global Financial Centres Index.

  • James Eyers
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The most powerful quantum computer in the southern hemisphere is seen at the University of Sydney Nanoscience Hub.

These fridges cost $1m, but our future depends on them

Australia needs a new vision for a collaborative approach to lift our investment in R&D.

  • Emma Johnston
Adam Bowles, the Australian country director for global tech software and services firm Advanced, says he sees signs of Spring.

‘Some turmoil’ but tech crowd greets spring after funding winter

The tech sector is in its toughest period since the dotcom crash, but investors, company founders and global software leaders think they are through the worst.

  • Paul Smith

August

Apple said it had no plans to enter lending or savings accounts in Australia, citing a complex regulatory environment.

Apple says banks are whingeing about the cost of Apple Pay

Apple’s Kyle Andeer told a parliamentary committee the cost of Apple Pay for banks was “set very low and remains very low”.

  • James Eyers
Interest rates stifle innovation.

Rate rises choke innovation, says Jackson Hole paper

A research paper presented at Jackson Hole showed an interest-rate increase of 1 percentage point can lead to a 25 per cent decline in venture capital investment

  • Catarina Saraiva
The RBA has not concluded whether an eAUD will become a reality in Australia.

$3b a year: digital dollar cost savings for banks revealed

New analysis suggests the eAUD, Australia’s proposed central bank digital currency, could offer big savings across the financial system by cutting collateral and capital held against settlement risk.

  • James Eyers