2020 BRN Discussion, page-22047

Given that Renesas came out of left field I was just joking with myself that the reason Westpac was not yet showing an opening price was because they were off line testing a recently received AKD1000 board. Then I thought perhaps the next left field announcement will be in the Fin Tech arena.

Leave aside the Westpac joke memory is that early 2019 the CEO advised in a webinar that Peter van der Made had made a special trip to Europe to meet with people in the Fin Tech space to discuss their needs and what AKIDA technology could offer.

Then out of left field earlier this year Ms. Steele was appointed to the Board and she has an impressive CV covering the banking industry and the integration of technology to improve the delivery of financial services.

Fin Tech was mentioned fairly regularly through 2019 but has gone very quite in 2020 apart from Ms. Steele’s appointment. Given the strategic appointment of Professor Marshall it seems possible that Ms. Steele could also be part of another of the CEO’s strategic plays but this time in Fin Tech.

A bit of speculation on my part of course but when you look at the money laundering disasters and hundreds of millions in fines handed out to Westpac and others there is certainly room for improvement and the AKIDA ability to recognise repeating patterns could be of significant value in this space.

My opinion only DYOR.