Tagged: CBA

AI Data-led Insights from CBA: Australia based SMEs Are Leveraging Tech to Accelerate Business Growth

Research from Commonwealth Bank of Australia (CBA), conducted in partnership with YouGov, reveals 59 per cent of SMEs have invested or plan “to invest in AI in the next five years (25 per cent and 34 per cent respectively), with younger business leaders owners more… Read More

CommBank Research Reveals Majority of Australians Will Set Financial Goals as they Dive into 2024

Research published by Commonwealth Bank (CBA) shows “the majority of Aussies will set a money-based New Year’s resolution in 2024.” According to the latest CommBank research, 76 per cent of Australians “will make at least one financial resolution as they dive into 2024.” Almost one… Read More

Australia: CBA Enhances Digital Lending Capabilities with Acquisition of Fintech Waddle

Commonwealth Bank of Australia (CBA) announced its venture-scaling arm, x15ventures, has entered an agreement “to acquire cloud-based invoice lending platform Waddle, accelerating the bank’s ambition to provide leading working capital solutions for Australian businesses.” CBA has an existing partnership with Waddle “through its Stream Working… Read More

Climate Specialist Investment Firm Wollemi Capital Receives Investment from CBA

Commonwealth Bank of Australia has made an equity investment in Wollemi Capital, as part of the global climate specialist investment firm’s Series A capital raising. Headquartered in Sydney and with staff and investments across Australia and the US, Wollemi invests in the businesses and projects… Read More

Australia: CBA Launches Small Business Sustainability Action Tool

The Commonwealth Bank of Australia’s (CBA) is launching a new tool to help small and medium sized enterprises (SMEs) to embed sustainability into their operations. CBA’s new Sustainability Action Tool “provides insights into actions businesses can take to reduce their environmental impacts and lower costs.”… Read More

Australia: Commonwealth Bank Group Unveils Tech Hub in Perth to Support Digital Economy

The Commonwealth Bank Group has unveiled its latest technology hub in Perth, as part of its broader strategy to contribute to Australia’s digital economy and support a diverse pipeline of technology talent. CBA’s Tech Hub program has been “established to diversify the concentration of tech… Read More

Australia: CBA Expands Green Financing to Improve Energy Efficiency, Sustainability

Commonwealth Bank is expanding its range of green financing to support home loan and personal loan customers “to enhance the energy efficiency of their homes, and purchase electric and hybrid vehicles.” The Green Loan is described as being “a low, 10-year secured fixed rate and… Read More

Australia: Commonwealth Bank (CBA), Telstra to Protect Clients from Phone Scams

The Commonwealth Bank (CBA) and Telstra announced a new pilot to help protect their customers from phone scams. Scam Indicator, currently in proof-of-concept stage and to be piloted over the next few months, will help “protect joint CBA and Telstra customers from phone scams where… Read More

Paydock Powers E-Commerce Solution from Australian Banking Group CBA

PAYDOCK, the payments orchestration platform, has partnered with major Australian banking group The Commonwealth Bank of Australia (CBA) in order “to launch PowerBoard, a uniquely simple solution for a merchant’s technology integrations, payments, and fraud prevention needs.” Delivering a “first” in Australian banking, PowerBoard will… Read More

New Credit Score Hub Aims to Provide Greater Transparency to Consumers in Australia

CBA has launched a new credit score hub “to help customers improve their financial wellbeing, as new research reveals only 1 in 5 Aussies have checked their personal credit score in the past 6 months, with around a third unsure what a credit score is.”… Read More

Australia: Griffith University, CBA to Combat Financial Crime

A new academy focused on tackling financial crime will be formed under a partnership agreement between Griffith University and the Commonwealth Bank of Australia (CBA). Building on CBA’s existing capability to combat financial crime and Griffith University’s considerable expertise in business and accounting structures, criminology… Read More

CBA Establishes Melbourne Tech Hub with University Partnerships

Commonwealth Bank has unveiled its latest technology hub designed “to support more than 400 software developers, cloud engineers and cyber specialists in the Melbourne CBD and help create new opportunities for Victoria’s expanding digital economy workforce.” The hub, based in the heart of Melbourne’s central… Read More

CBA Introduces AI Tech to Protect Clients from Scams

In a bid to prevent more Australians falling victim to scams, Commonwealth Bank has introduced AI tech to detect suspicious and unusual behavior on its virtual banking platforms, keeping more clients safe by alerting them to potential scams. The new AI technology uses machine learning… Read More

Commonwealth Bank Sets Another “Aggressive” Recruitment Target

Last year, Commonwealth Bank of Australia set itself the “aggressive” recruitment target of appointing 100 new engineers each month in a bid “to help the bank deliver against its strategy of providing global best digital experiences to customers.” Less than 12 months later and the… Read More

Australian Proptech OwnHome Secures $31M via Series A

Commonwealth Bank of Australia has reportedly joined a $31 million round in property tech firm OwnHome, which claims it can get thousands of first-time home buyers out of regular renting by leveraging a model, somewhat similar to Buy Now, Pay Later, which eliminates the requirement… Read More

Personal and Business Clients at Commonwealth Bank Australia Can Now Use All-Digital Search Tools to Access COVID Relief Resources

Commonwealth Bank of Australia (CBA) has reportedly upgraded its benefits finders tool in order to assist struggling businesses or companies with understanding and connecting with State and federal Coronavirus crisis support measures as the nation starts to enter a new phase of lockdowns. Implemented as… Read More

Norway’s Commercial Banking Applications Releases Updated Global Banking Factory Software

Norway’s software firm Commercial Banking Applications (CBA) reveals that it has released the latest annual version of its IBAS GBF – Global Banking Factory software to all clients. Notably,  the release has come more than three months ahead of schedule, which should allow for more… Read More

Commonwealth Bank of Australia’s Fintech Incubator’s Xccelerate2020 Awards $150,000 to OwnHome, which Makes it Easier to Own Property

OwnHome, the recent winner of Xccelerate2020, the startup competition that’s managed by the Commonwealth Bank of Australia’s Fintech incubation division X15ventures, has reportedly received $150,000 in capital after grabbing the number one spot in the contest. Over 80 different startups had applied to take part… Read More

Australian Fintech Firm X15 Ventures Introduces Backr App to Help SMEs Launch their Operations

X15 Ventures, a Fintech firm owned by the Commonwealth Bank of Australia (CBA), has introduced an app for SMEs that helps them with launching their operations. There’s also a cash incentive being offered to firms that will use the app to start their business. The… Read More

Contactless Payments: Commonwealth Bank of Australia Reports Significant Increase in Digital Wallet Transactions Following COVID-19 Outbreak

The Commonwealth Bank of Australia (CBA), a global bank with businesses across New Zealand, Asia, the UK, and the US, recently noted that there’s been a significant increase in mobile-based digital payments at point-of-sale (PoS) terminals. This, as Australian residents may be trying to avoid… Read More