Technology news

• NEC hits back at ACIC over biometrics project

  17-06-2018 22:30
  NEC Australia says it is “extremely disappointed” with the decision of the Australian Criminal Intelligence Commission (ACIC) to cancel the Biometric Identification Services (BIS) project.
  
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• The bigger Cryptocurrencies get, the worse they perform: BIS

  17-06-2018 18:17
  LONDON (Reuters) - Cryptocurrencies are not scalable and are more likely to suffer a breakdown in trust and efficiency the greater the number of people using them, the Bank of International Settlements (BIS)said on Sunday in its latest warning about the rise of virtual currencies.
  
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• BIS wants tighter rules for funds offering credit, fintech

  17-06-2018 18:13
  LONDON (Reuters) - Regulations introduced after the financial crisis a decade ago to smooth out banking booms and busts should be extended to funds that provide credit, or shadow banks, and fintech firms, the Bank for International Settlements (BIS) said on Sunday.
  
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• NBN closes in on 4 million active services

  17-06-2018 16:01
  The latest NBN monthly progress report reveals that as of May some 3.9 million households and businesses had active services on the National Broadband Network.
  
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