Volt gets full banking licence
The Australian Prudential Regulation Authority (APRA) has today granted ‘challenger bank’ Volt a licence to operate as an authorised deposit-taking institution (ADI).
The Australian Prudential Regulation Authority (APRA) has today granted ‘challenger bank’ Volt a licence to operate as an authorised deposit-taking institution (ADI).
Kim Wenn recalls her time as a young IT exec computerising manual processes at Australian Paper Manufacturers in Victoria in the 1980s.
Smartphones have transformed the gambling industry. Digital turnover for ASX-listed Tabcorp – which generated more than $2 billion in revenue in FY17 – grew by close to 14 per cent over the last financial year.
How Kim Wenn drove Sun Bets, the largest global venture the multi-billion dollar gaming and wagering organisation, Tabcorp, has undertaken in its 22-year history.
“If I had my way, I wouldn’t have a data centre in three years,” Tabcorp’s CIO, Kim Wenn, tells CIO Australia.
When you’re helping to run a multi-billion dollar enterprise and close to 10 per cent of revenue comes in on one day of the year, then you know there are serious pressures to keep the lights on. That day is Melbourne Cup day, and the enterprise is Tabcorp.