For complete profiles, photos and videos, and more information on the Prime Minister’s Prizes for Science, visit www.science.gov.au/pmscienceprizes

Continue reading 2016 Prime Minister’s Prizes for Science
For complete profiles, photos and videos, and more information on the Prime Minister’s Prizes for Science, visit www.science.gov.au/pmscienceprizes
Continue reading 2016 Prime Minister’s Prizes for Science
The credit limit you’re not using on your card is costing the bank money, and that’s increasing the cost for all customers’ cards.
Now, Melbourne mathematicians have developed a way of minimising this using the bank’s data on customer spending behaviour.
The unused credit costs the bank money because regulators require them to have funds in reserve – which they can’t invest elsewhere for profit – to cover the possibility you’ll make a large purchase and not pay the money back.
Continue reading Smart credit limits save money for customers and banks