CommBank-backed money app Kit enters trial phase
Kit is available in trial mode to 5000 people living in Australia.
Commonwealth Bank of Australia
US cloud AI platform H20.ai raises $100m in Series E round
Commonwealth Bank of Australia led the round and will form strategic partnership with H20.ai.
Former CBA chief digital officer launches mortgage fintech True Savings
The platform claims to take “less than a minute” to search for home loan options.
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.
Sibos 2020: Banks must persevere with difficult fintech partnerships
CommBank CEO CommBank says all deals are valuable learning opportunities
APRA hits CBA and Suncorp with pensions conditions
Aussie regulator is unhappy with the pair’s treatment of customers.
Commonwealth Bank of Australia admits to consumer protection violations
The Australian bank is set to be fined around AUD 5 million.
Australia’s Commonwealth Bank to back 25 start-ups
Home-In and Vonto are the first two Aussie start-ups to join the incubator.
Australia’s Commonwealth Bank faces 87 charges for unsolicited sales calls
The bank’s insurance arm CommInsure used a third-party telemarketing firm.
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.
Sydney, city of innovation and ideas, is leading the way in embracing enterprise blockchain
David E. Rutter, CEO and founder of R3, looks as how it is now an inevitability.
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.
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.
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 […]
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 […]
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.
Top fintech stories this week – 9 September 2016
Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Barclays and Wave pioneer blockchain trade finance transaction What is a fintech day without blockchain? UK challenger banks: who’s who The list has been updated. US credit union consortium plots blockchain use Watch out R3. Smile and an […]
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. […]
Apple bites back over Australian banks’ “cartel”
You can tell cartels to go to hell if you’re Apple. The firm has responded strongly to three of Australia’s big banks’ plans to team up for negotiation deals on digital wallet access. According to the Australian Financial Review, the request from the Commonwealth Bank of Australia, National Australia Bank and Westpac to “collectively negotiate […]
Top-tier banks rally round R3 distributed ledger project
Nine major global investment banks have formed a partnership to explore the potential of distributed ledger technology in financial markets. The project, led by financial technology company R3, aims to create early standards for the emerging technology that will make it easier and more efficient as it grows.
