Briefs: Reinventure invests in 'autofill', CBA faces protest vote on exec pay, new Pioneer Credit di
Westpac-backed venture capital investor Reinventure has participated in a US$5 million fund raising round for Fillr, a one-year old US company that has developed "autofill" technology. Fillr uses artificial intelligence to complete payment details for mobile transactions, helping to improve merchant conversion rates. Sales conversion rates on mobile are low because consumers struggle to fill in all the payment information. Other investors were SoftBank China Capital and Southern Cross Venture Partners. Australia's largest superannuation fund says it will vote against Commonwealth Bank's executive pay scheme, in an action that may increase the risk of a first-ever strike delivered to a bank, because the so-called "soft" non-financial targets used to set bonuses lack "clarity and transparency". The AFR reports that AustralianSuper will line up alongside industry fund peer Unisuper, as well as fund managers taking advice from influential proxy firms ISS and Ownership Matters, to vote against CBA's remuneration report at the bank's annual general meeting in Perth on later today (ie, Wednesday, November 9). Andrea Hall has been appointed to the board of Pioneer Credit. She joins as an independent non-executive director and will chair the audit and risk committee. Hall is a former KPMG risk consulting partner. She is also a director of the Fremantle Dockers AFL Club, the Insurance Commission of Western Australia and Tap Oil. The latest UBank campaign has caused a stir for its use of terminally ill patients to paint a picture of what's important in life. The TV spot challenges Aussies to reconsider putting all their money into a home they can't afford, redefining the "Australian Dream". The ad could be banned from being shown, following "nearly 20 complaints" to the Advertising Standards Bureau, accusing the ad of being in bad taste, reports AdNews. For its part, UBank has analysed the sentiment and says to date, more than 70 per cent of sentiment is positive or neutral.