Tech sector tor rebound in 2023 from markdowns: forecast; ING Bank pays penalties for alleged breaches of Consumer Data Right Rules: ACCC; Red Hat enhances Insights with new capabilities

Tech firms nursing loss-making results would be prioritising efforts to curtail operational costs and aiming to be smarter with the use of R&D and marketing expenditure in 2023, acordiing to professional services firm RSM Australia.

Exponential Technology Group (XTG) has announced it has reached a definitive agreement to acquire Sydney-headquartered Braemac, a specialist in product design, development, testing and the supply of semiconductors, systems, and electronic components.
ING Bank has paid penalties totalling $53,280 for allegedly failing to comply with Consumer Data Right (CDR) Rules and making a false or misleading representation to consumers, after the ACCC issued it with four infringement notices.
Cyber security company Claroty has joined the World Economic Forum’s World Economic Forum's Global Innovators Community, an invitation-only group of the world’s most promising start-ups and scale-ups that Claroty says are at the forefront of ethical technological and business model innovation.
Open source solutions provider Red Hat has announced several enhancements to Red Hat Insights, its predictive analytics offering, including integrations for ServiceNow and Slack as well as expanded monitoring capabilities to identify known threats in Red Hat OpenShift and Red Hat Enterprise Linux.
And as always there's plenty more today, so for all the news please visit www.itwire.com.
Stan Beer, newsletter editor, iTWire

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