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In 2020, the list has been split into 10 industry-specific categories. These are the top 10 innovations in the Banking, Superannuation and Financial Services category. 1. Commonwealth Bank of Australia Innovation: Vonto by X15 Ventures Number of employees: 500+ Vonto is an app that helps small business owners make better, data-driven decisions by connecting key business tools...

Waddle, an Australian-based invoice finance provider that was founded in 2014, operates by raising funds for businesses secured against unpaid invoices. The deal will see Xero pay an upfront cash payment of $31 million, rising to $80 million based on product development and revenue milestones. Subsequent earnout payments are expected to be settled by...

Treasurer Josh Frydenberg has announced that the small business entity turnover threshold will now be increased to $50 million, up from $10 million. The measure, to be outlined in Tuesday’s federal budget, will allow 20,000 businesses to access 10 tax concessions previously available only to small businesses, at a cost of $105 million...