CEFC has taken a A$50 million cornerstone investment in Mirvac's new Australian Build-to-Rent Club. This is an institutional investment platform being opened up to home buyers and tenants, letting them benefit more directly from developments that use clean energy and energy efficiency technologies. Build-to-rent or multi-family residential developments are well established in the US and Europe, where institutional investors own entire residential developments, and offer the surety of long-term leases to individual residents. According to Mirvac, the sector is only just emerging in Australia, in response to high property prices and changing consumer preferences. Tic:Toc Home Loans, which claims to be the world's only fully digital home loan platform, closed its Series B round earlier this week, raising A$11.5 million from a group of institutional investors that included Genworth Mortgage Insurance Australia and Blackstone group's La Trobe Financial, The Tic:Toc share register also includes Bendigo and Adelaide Bank. The new funding will allow the emerging fintech to further advance the capability of its platform as well as build greater brand awareness. It will also partially fund Tic:Toc 's pending expansion into offering its automated assessment platform as a service to partners, as well as exploration of select international markets, a media release from the company stated. It claims a loan portfolio of more than $170 million and said it has received over $1.2 billion in value of submitted home loan applications. An Auckland-based remittance service provider that used WeChat and Skype to organise many of its transactions has been fined NZ$356,000 for failing to meet anti-money laundering requirements. Qian DuoDuo Limited, trading as Lidong Foreign Exchange, was prosecuted by the Department of Internal Affairs for failing to meet the AML/CTF requirements for customer due diligence, account monitoring, record keeping and risk assessment. With a shipment of 17 tonnes of almonds from Sunraysia, Victoria, to Hamburg in Germany, CBA has demonstrated a new blockchain platform that uses distributed ledger technology, smart contacts and the 'internet of things', reports Finextra. Partners (including IoT provider LX Group, Port of Melbourne and shipping firm OOCL Limited) were able to view and monitor the shipment and conditions inside the container. The blockchain enabled supply chain allowed them to upload and access key documents. It was the latest test run in an evolving project following on from a collaboration between CBA and Wells Fargo in 2016 involving a shipment of cotton.