ASX Tech: DigitalX nabs ex-NAB digital chief as CEO, Sensen inks kerbside contract with NSW gov
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Crypto-adjacent and compliance technology firm DigitalX (ASX:DCC) announced the appointment of Lisa Wade as new CEO this morning.
Wade joins the company from big four bank NAB, where she was Head of Digital Innovation and Sustainability.
Commenting on her appointment, Wade said she was excited to join DCC — a boss “in the transition to blockchain as a mainstream part of finance, and a leader in this new and fast-moving financial future that blockchain creates”.
Prior to working at NAB, Wade boats a nigh-on 30-year career in finance, including stints at Bendigo Bank and Citigroup where she was a Director specialising in arbitrage and derivatives.
“Ms Wade is an experienced trader with an in-depth understanding of pricing and investing in derivatives and financial products,” DigitalX said.
Her appointment concludes the company’s search for a new chief, after previous CEO Leigh Travers stepped down in August to head up the Australian operations of global crypto exchange Binance.
Along with its Drawbridge compliance platform which helps facilitate employee share sales, DigitalX also operates a funds management arm.
By ASX standards, the company has had a long involvement with crypto and owns 215 Bitcoin on its balance sheet.
“Lisa is a highly experienced and knowledgeable individual who has impressed the Board with her passion and knowledge for both financial markets and Blockchain technologies and opportunities,” DigitalX chair Toby Hicks said.
“We are pleased that Lisa has wanted to come on Board and lead DigitalX as it continues to execute its business plan based around our three business units of funds management, Blockchain ventures and development of distributed ledger technologies”.
AI data enterprise company SenSen Networks (ASX:SNS) says it’s won a new contract with Transport for New South Wales to deploy its sensor AI-powered kerbside management solution.
Kerbside management is a global industry estimated to generate around US$6bn in revenue annually (most of it from Mosman and Randwick councils, probably), and is largely centred around solutions to parking on metropolitan streets.
SenSen CEO Dr Subhash Challa said that along with other contract wins in the US and Singapore, the company has demonstrated its ability to provide a value-add solution through, “real-time insights on the use of kerbside space, including fleet identification, vehicle classification and connecting the data to dynamic signage”.
The deal with TNSW will commence this month and is expected to generate revenues of $437,000 in the initial phase.
DCC and SNS share prices this morning: