NAB has "doubled down" on its NAB Ventures venture capital fund, adding a further A$50 million over the next two years. CIO reports that the fund has invested in 12 startups, including Sydney's Data Republic, since it was launched with its original $50 million in 2015. It plans to back a similar number by 2020. The banking royal commission hearings have sparked off further investigations by APRA into CBA's Colonial First State and IOOF, reports Business Insider. In a written submission to the commission, the regulator says serious questions of compliance were raised about super fund trustees and directors, reports Business Insider. APRA's submission reportedly says some royal commission evidence ran counter to what the funds concerned had told APRA. At least one important statement made by a fund to APRA was "untrue" and this was now being reviewed.   The agreement by TAL Dai-ichi Life Australia Pty Limited to acquire Suncorp's Australian life insurance business is now binding, subject to regulatory approvals in Australia and Japan and other conditions. About four weeks ago the two companies announced an in-principle agreement, with the sale price stated as "a cash consideration of approximately A$640 million plus adjusted net worth on completion". The acquisition will create a long term relationship between TAL and the Suncorp Group including a portfolio of well-established Australian brands: Suncorp, AAMI, APIA and GIO. TAL will also maintain its Asteron brand following the sale. Completion of the transaction is anticipated around the end of 2018. Q Mastercard has launched the first chatbot in New Zealand designed to help customers figure out if they are likely to be approved for a credit card. The artificial intelligence powered function modelled as a five year old Newfoundland dog called "Bosley", is ready to answer a range of questions and help customers understand whether a Q Mastercard is right for them. This is done via a short online chat in which the customer is asked a couple of simple questions to allow Bosley to run a credit check determine if the visitor is eligible for a Q Mastercard. The New Zealand Bankers Association is advertising for a new CEO following the resignation of current head Karen Scott-Howman. She has been in the role since 2016, and in senior roles at the Association since 2009.