WEEK STARTING AUGUST 12
AUSTRALIAN FINTECH AND STARTUPS
TransferWise launched a debit card in Australia and New Zealand. This is a big competitor to Revolut's offering, meaning Australian consumers can now transfer to 40 different currencies at real exchange rates. Check it out here
Steve Smith made $12m off of mattress startup, Koala
The ASX had its worst day in 18 months on Thursday
Westpac's overhauling its responsible lending policies. Interesting analysis on how a bank assesses a borrower's credit worthiness. This is a few days after Westpac won a landmark case against ASIC
WeWork lost $2.4bn last year, and is pushing to IPO. Interesting analysis on the ambitious founder here and analysis of the S-1 here
The Telegram App has been downloaded nearly 100k times amidst the Hong Kong protests due to its 'secret chat' function (e2e encryption)
101 on the current market climate: What is an inverted yield curve?
Economist report: In the US elderly are more screen obsessed than the young
Cheating has gone up 2000% at UNSW
One to watch on Netflix this weekend: The Great Hack. A documentary and analysis on the Facebook Cambridge Analytica scandal
Answers at the end of the email
(a) Can you un-jumble the following world capital cities? One point per capital city, one for the country.
Mat Dreams / Open Change / Bad Setup / Lock Moths / Basilar Vat / Java Rose / Less Rubs / Like Shin / Hasten / Bun Lid
(b) What two continents do not contain a landlocked country?
(c) Nicolae Ceausescu, a neo-Stalinist dictator from 1965-89, was overthrown in December 1989. What country was he associated with?