Commonwealth Bank said it would launch a new credit card in 2018, with a 9.90 per cent purchase interest rate, an account keeping fee of A$5 per month and no access to cash advances - all directly comparable aspects of a card introduced mid-year by Westpac. Starting in November, CBA will also introduce real-time alerts for impending credit card repayments, overdrawn accounts and "high cost credit card transactions" that incur cash advance fees and interest (such as an ATM cash advance or online gambling). The bank said in a media release that all credit card customers will also have access to a fixed instalment feature to pay down existing balances or large purchases. Regulatory technology company Kyckr has raised A$2 million via a placement of approximately 11.8 million new fully paid ordinary shares, to be issued to sophisticated, professional and institutional investors.  The placement was heavily oversubscribed, with offers scaled back following strong demand from new and existing investors. Patersons Securities Limited and Shaw and Partners acted as joint lead managers. The new shares will be issued in accordance with ASX Listing Rule 7.1, and add approximately ten per cent to Kyckr's total issued share capital. These shares will rank equally with existing ordinary shares.