P&N Bank said it increased the variable interest rate on its "& home loan" by 0.10 percentage point effective from 24 January. This "necessary decision to change the rate reflects recent increases to funding costs", Andrew Hadley, the banks' chief executive, said. Stargroup said that its acquisition of Indue's ATM switching, settlement, processing and reseller business, originally scheduled for 24 January 2017 had "not completed but is still proceeding, on an unconditional basis." Indue agreed terms for the sale to Stargroup in September. Australian fintech company Avoka is eyeing off a potential IPO next year, The Australian reports, with hopes of "a $1 billion valuation by 2020." In June Avoka secured A$16 million in expansion capital. Avoka Transact "is a digital business platform used to accelerate customer acquisition." Clients include HSBC and Citi.