Tagged: commonwealth bank

May 31, 2023 @ 7:08 pm By Omar Faridi  |  

NameCheck anti-fraud technology to be offered to government, financial services firms as CommBiz customers get use of new service from now. Commonwealth Bank plans to offer its NameCheck anti-scams technology “to government organizations and other financial service companies that process payments in Australia as part… Read More

April 22, 2023 @ 2:54 pm By Omar Faridi  |  

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

March 28, 2023 @ 8:28 pm By Omar Faridi  |  

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

February 3, 2023 @ 6:22 pm By Omar Faridi  |  

Commonwealth Bank is rolling out new features for its widely used banking apps “aimed at combating the plague of scammers ripping off Australians.” From late March, the app will “indicate whether the name and account details customers have entered are correct when they make payments… Read More

October 4, 2022 @ 6:12 pm By Omar Faridi  |  

Commonwealth Bank’s venture-scaling arm, x15ventures, has announced a $250,000 investment in Paytron, “after the full-suite workflows and spend management platform won this year’s Xccelerate program.” Paytron was founded by Jaco Veldsman and Francois Henrion “to transform business spend, with integrated workflows to control every transaction.”… Read More

September 14, 2022 @ 10:47 pm By Omar Faridi  |  

Commonwealth Bank (CBA) has become the “first” major Australian bank to enable PayTo payments for CBA customers – a new digital way “to authorize payments from a CBA bank account, and the latest initiative from New Payments Platform Australia (NPPA).” As part of the PayTo… Read More

August 14, 2022 @ 11:01 pm By Omar Faridi  |  

Commonwealth Bank’s venture-scaling division x15ventures is reportedly looking for founders who are focused on the future of payments for its “Xccelerate’ program.” The Xccelerate 2022 program assists early-stage initiatives with better understanding the pathway to working with the CBA and it ends in an Investment… Read More

July 30, 2022 @ 9:40 pm By Omar Faridi  |  

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

July 4, 2022 @ 3:40 pm By Omar Faridi  |  

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

June 7, 2022 @ 10:12 pm By Omar Faridi  |  

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

June 3, 2022 @ 7:11 am By Omar Faridi  |  

Commonwealth Bank’s venture-scaling business entity, x15ventures, recently revealed that it has appointed Laura Faulconer as its Portfolio Director. She will be responsible for growing and enhancing the x15 portfolio. As noted in the update, Laura joins x15 from early-stage venture capital firm, Antler, where as… Read More

June 23, 2021 @ 11:06 pm By Omar Faridi  |  

x15ventures, which is Commonwealth Bank‘s venture-scaling unit, has chosen Stone & Chalk, Australia’s Impact Network for emerging tech startups and scale-ups, in order to assist with recruiting seasoned founders to take part in Xccelerate21, which focuses on reimagining the retail experience. Xccelerate21 is described as… Read More

February 3, 2020 @ 6:52 am By Omar Faridi  |  

The Commonwealth Bank in Australia is planning to compete with its rivals by establishing 25 new Fintech-focused businesses within the next five years. The institution says it is preparing to launch the products and services offered by the Fintech firms to its millions of clients… Read More

January 27, 2020 @ 5:54 am By Omar Faridi  |  

Australia-based digital banks Xinja, Judo Bank and 86 400 have been attracting millions of dollars worth of savings from the nation’s banking clients after the introduction of their high interest rate accounts. Traditional industry players like ANZ, Westpac, NAB and Commonwealth Bank have reportedly lost… Read More

August 21, 2019 @ 3:50 pm By Samantha Hurst  |  

Commonwealth Bank of Australia announced on Wednesday the launch of its newly developed blockchain-based digital marketplace prototype which will allow users to trade government biodiversity credits. The description of the prototype reveals: “A new blockchain prototype has the potential to boost sustainable development while enabling… Read More

July 3, 2019 @ 4:45 pm By Samantha Hurst  |  

ANZ, Commonwealth Bank, IBM (NYSE: IBM), Scentre Group and Westpac announced on Tuesday they have jointly launched a live pilot for Lygon, which is described as a new digital platform using blockchain technology to transform the way businesses obtain and manage bank guarantees that are often required… Read More

December 20, 2018 @ 10:59 pm By Samantha Hurst  |  

Commonwealth Bank of Australia (CBA) announced on Thursday Alipay is now available on its Albert touchscreen devices. CBA claims it will become the first major bank to provide Alipay to customers in store and with nearly 900 million users choosing to pay for goods and… Read More