CBA’s new digital mortgage brand, Unloan, underpinned by Mambu’s tech
CBA positions Unloan as “a revolutionary force in the Australian mortgage industry”.
CBA
CBA invests in online shopping start-up Little Birdie and energy retailer Amber
The Aussie bank is seeking to add value and increase engagement for its digital banking offering.
Klarna lands $200m from CBA for Australia launch
CBA will own half of Klarna’s Australian and New Zealand business.
Where has trust gone – can banks even recover their standing in the community?
Traditional banks might find themselves facing a future where the front doors are locked for them!
Australia’s Commonwealth Bank faces 87 charges for unsolicited sales calls
The bank’s insurance arm CommInsure used a third-party telemarketing firm.
China Banking Association pushes trade finance on blockchain
New interbank platform unleashed with big names onboard.
Oz banking royal commission not a mellow brick road
We reach day 62 and it’s been downbeat for the big four banks Down Under.
Business management software Wiise Rhipe for action Down Under
Wiise is a cloud-based platform designed to “solve SME pain points”.
Australia’s big banks slammed for greed and dishonesty
Royal Commission roasts them in its interim report.
Double downer for CBA banking Down Under
Not the first time this year.
World Bank turns to CBA for world’s first blockchain bond
Using DLT to end extreme poverty.
Are banks and bank branch offices headed to the toilet?
Are we seeing banks running out of fresh ideas for how they interact with their customers?
CBA customers caught in email address confusion
Australian bank says no customer data was compromised.
Big bank’s mobile app Beem IT goes live in Oz
Australian app created by CBA, NAB and Westpac.
CBA, Microsoft and KPMG Wiise up to Australian SMEs
Cloud solution designed for payroll and banking.
CBA charged the dead
Death is no excuse when it comes to banking fees.
CBA’s CommInsure launches new digital quote service
Insurance service uses tech from UnderwriteMe Australia.
CBA contrite over banking not going right
Systems now OK for Commonwealth Bank of Australia.
CBA and ING complete regtech pilot fling
To simplify information processing and regulation implementation using MiFID II as test case.
CBA blocks credit card purchases of virtual currencies
The Commonwealth Bank of Australia is following in the wake of others.
Banking tech round-up: 22 January 2018
Our southern stars are Bank Zero, Westpac and Commonwealth Bank of Australia.
Three of Australia’s largest banks partner to create payment platform Beem
Three of Australia’s largest banks, The Commonwealth Bank (CBA), National Australia Bank (NAB) and Westpac have partnered to create Beem – a new mobile peer-to-peer (P2P) payments platform.
Prime Tyme for South Africa’s newest bank
TymeDigital, a South African online money transfer business bought by Commonwealth Bank of Australia (CBA) two years ago, has been granted a banking licence. The first licence issued to a new bank by the South African Reserve Bank (SARB) since 1999. TymeDigital will enter a retail banking market dominated by South Africa’s five biggest banks: […]
Commonwealth Bank rooting for Australia’s foray into quantum computing
Commonwealth Bank of Australia has joined telco firm Telstra, the Federal Government, the New South Wales Government and the University of New South Wales (UNSW) in an $83 million venture to found Australia’s first quantum computing company. The firm, Silicon Quantum Computing (SQC), has been launched to advance the development and commercialisation of the UNSW’s […]
Commonwealth Bank of Australia joins quantum revolution with QxBranch
QxBranch, the quantum computing and data analytics software company, has created a quantum computing simulator for the Commonwealth Bank of Australia (CBA).
Apple Pay defeats Australian banks in payments punch-up
Apple Pay has emerged victorious in its long-running feud with four domestic banks over their permission to collectively bargain with Apple and boycott Apple Pay. The Australian Competition and Consumer Commission (ACCC) has issued a determination denying authorisation to the Commonwealth Bank of Australia (CBA), Westpac, National Australia Bank (NAB), and Bendigo and Adelaide Bank […]
Commercial Bank of Africa goes Loop-y for millennial entrepreneurs
Kenya-based Commercial Bank of Africa (CBA) has unveiled its mobile-based banking service as it targets millennial entrepreneurs. The new service, created in collaboration with software provider Strands, is called CBA Loop and core banking services will be available on the mobile phone app. Users can manage their personal finances, send money, schedule utility bills payments, […]
Commonwealth Bank and Queensland Treasury Corporation create world’s first blockchain-based government bond
Commonwealth Bank of Australia (CBA) has issued a cryptobond for Queensland Treasury Corporation (QTC) using its capital markets blockchain platform. CBA says it is “the first blockchain bond issuance by a government entity both in Australia and in the world”.
CBA and Wells Fargo in “world-first” interbank blockchain trade transaction
Commonwealth Bank of Australia (CBA), Wells Fargo and trading firm Brighann Cotton have completed the “first” global trade transaction between two banks using blockchain, smart contracts and the Internet of Things (IoT). The transaction involved a shipment of cotton from Texas to Qingdao, China, using a distributed ledger – Skuchain’s Brackets system – for all […]
CBA extends contract with Misys for corporate banking software in the cloud
Commonwealth Bank of Australia (CBA) has signed for a “cloud-ready single platform” from its long-standing software supplier Misys to support its corporate banking operations outside Australia.
CBA and Barclays partner for Australia-UK mobile payments “first”
Commonwealth Bank of Australia (CBA) and Barclays have joined forces to let their retail customers move money between Australia and the UK with “just a mobile number”. In a “first between the two countries”, CBA and Barclays say they have worked to connect each of their payment apps together – CBA’s CommBank and Barclays’ Pingit. […]
Amazon Web Services outage causes digital banking problems in Australia
A technical outage of the Amazon Web Services (AWS) cloud this weekend left many customers of Australian banks unable to use cards, ATMs and Eftpos terminals. The banks affected include Westpac, ME Bank and Commonwealth Bank of Australia (CBA). Some also pointed the finger of blame at payment providers such as First Data. Just a […]
“Become an intelligent bank” for the cyber age
In a time when information is king, the battle for data is not so much where to get it as how to get it and what to do with it. For many generation Y savers and spenders, the vast majority of their transactions are carried out online and their relationships with traditional banks are practically non-existent.
Say goodbye to the IT crowd
The whole concept of internal software development within banks and other financial institutions could soon be replaced by small ad hoc teams constructing applications using off-the-shelf apps or downloadable modules, according to Michael Harte, chief information officer at Commonwealth Bank of Australia.
