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Insolvency Stories

Australian Stories

Insolvency stories

Australian insolvency rates predicted to increase in 2025
Utilities

Australian insolvency rates predicted to increase in 2025

A surge in insolvency risks is predicted for Australian firms in 2025, with failure rates rising 6% in late 2024 amid renewed financial pressures.

By Shannon Williams • 3 min read • Thu, 6th Mar 2025
Australia's Cybersecurity Act races against augmented hacker revolution
Firewalls

Australia's Cybersecurity Act races against augmented hacker revolution

As cyberattacks rise, Australia's new Cybersecurity Act mandates timely reporting of ransomware payments, urging businesses to bolster their defences.

By Julian Fay • 4 min read • Mon, 16th Dec 2024
Rising tech insolvencies in Australia: How businesses are using software Escrow to shield from vendor risks
Hyperscale

Rising tech insolvencies in Australia: How businesses are using software Escrow to shield from vendor risks

Australia faces a surge in corporate insolvencies, with tech firms like Plutora racking up debts of AUD $37.3 million as businesses turn to software escrow for protection.

By Evan Lever • 5 min read • Thu, 24th Oct 2024
AI is ubiquitous, even in 'traditional' sectors and businesses
Data Analytics

AI is ubiquitous, even in 'traditional' sectors and businesses

AI is transforming hospitality with 85% of Australia's venues using it for data analytics, inventory management, and personalised marketing to boost revenue and efficiency.

By Paul Hadida • 5 min read • Mon, 30th Sep 2024
Renowned insolvency expert Michael Makridakis joins Taylor David
Liquidation

Renowned insolvency expert Michael Makridakis joins Taylor David

Michael Makridakis has joined Taylor David as a Partner, bringing over 20 years' experience in multi-jurisdictional insolvency to the renowned law firm.

By Imee Dequito • 3 min read • Mon, 16th Sep 2024
Unification over best-in breed: Why is an integrated tech stack key to business growth?
Unified Communications

Unification over best-in breed: Why is an integrated tech stack key to business growth?

Australian small and medium businesses are turning to integrated tech stacks to streamline operations, enhance collaboration, and drive growth amid economic volatility.

By Vijay Sundaram • 4 min read • Wed, 24th Jul 2024

Global Stories

Insolvency stories

AI bookkeeping startup Botkeeper shuts after 11 years
Digital Transformation

AI bookkeeping startup Botkeeper shuts after 11 years

AI bookkeeping startup Botkeeper shuts after 11 years, citing rapid client consolidation, lost revenue and an unsustainable path forward.

By Karen Joy Bacudo • 4 min read • Tue, 10th Feb 2026
Australian small businesses under pressure: can optimism and tech transform their 2025?
Customer Relationship Management

Australian small businesses under pressure: can optimism and tech transform their 2025?

Despite facing record insolvencies due to rising costs and reduced consumer spending, Australia's small businesses remain hopeful about 2025, embracing tech-driven strategies.

By Rakesh Prabhakar • 5 min read • Fri, 10th Jan 2025
Third-party risk: A growing threat in today's interconnected world
Unified Communications

Third-party risk: A growing threat in today's interconnected world

An intricate web of third-party collaborations elevates innovation and efficiency in business but also significantly increases risk factors such as data breaches and financial instability.

By Oshadha Ranaweera • 4 min read • Mon, 29th Apr 2024
GoCardless & Intuit QuickBooks target late payments for Aussie SMBs
Payment Technologies

GoCardless & Intuit QuickBooks target late payments for Aussie SMBs

GoCardless and Intuit QuickBooks launch an integration for Australian SMBs to enable automatic collection and reconciliation of payments.

By Shannon Williams • 3 min read • Thu, 25th Apr 2024
Kevin O'Neill joins Aryza Group as new Chief Revenue Officer
Risk & Compliance

Kevin O'Neill joins Aryza Group as new Chief Revenue Officer

Kevin O'Neill, with over twenty years of business development experience, now heads revenue growth at the financial software solutions company, Aryza Group.

By Imee Dequito • 3 min read • Thu, 11th Apr 2024
Aryza Group launches Aryza Decide for improved credit risk management
Financial institutions

Aryza Group launches Aryza Decide for improved credit risk management

Aryza Group unveils dynamic, standalone system, Aryza Decide, geared to revolutionise credit risk management in the lending industry and encouraging operational efficiency.

By Kaleah Salmon • 3 min read • Wed, 20th Mar 2024

Stories from Other Regions

Insolvency stories

CIRO announces tiered crypto custody rules for dealers
DevOps

CIRO announces tiered crypto custody rules for dealers

Canada's investment watchdog has unveiled a tiered crypto custody regime, tying asset limits to custodians' capital, tech controls and oversight.

By Jake MacAndrew • 4 min read • Thu, 5th Feb 2026
Canadian firms lose money after using AI for tax advice
Digital Transformation

Canadian firms lose money after using AI for tax advice

Canadian firms are losing cash and facing fines after using chatbots like ChatGPT for tax advice, a survey of accountants has warned.

By Mark Tarre • 4 min read • Fri, 16th Jan 2026
Ireland insolvencies fall 7% as creditor enforcement rises
Deloitte

Ireland insolvencies fall 7% as creditor enforcement rises

Irish insolvencies fall 7% to 812 in 2025, but court liquidations and receiverships surge as creditors and tax authorities tighten enforcement.

By Karen Joy Bacudo • 4 min read • Mon, 12th Jan 2026
ChatGPT tax advice already costing UK firms, say accountants
Digital Transformation

ChatGPT tax advice already costing UK firms, say accountants

UK accountants say firms are already losing money to flawed ChatGPT tax advice and warn misuse of AI could trigger failures by 2026.

By Catherine Knowles • 5 min read • Fri, 19th Dec 2025
New Zealand AI tool launched to expose risks in building sector
Email Security

New Zealand AI tool launched to expose risks in building sector

A New Zealand AI tool, CheckMyBuilder, helps homeowners and businesses spot risks with builders for NZD $49, using public records to flag issues before contracts.

By Jed Nykolle Harme • 4 min read • Fri, 10th Oct 2025