Tagged: commonwealth bank

Australia: Commonwealth Bank (CBA) Steps Up National Battle Against Scams, Fraudulent Activities

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

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

Commonwealth Bank in Australia Is Introducing Anti-Scam Features to its Financial Services Apps

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

Commonwealth Bank’s x15ventures Announces Investment in Paytron

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

Australia’s Commonwealth Bank (CBA) Turns on PayTo for Recurring Payments

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

CommBank Venture Scaling Unit x15 Is Looking for Founders Focused on Improving Payments Sector

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

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

CBA’s x15ventures Appoints Laura Faulconer as Portfolio Director

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

Commonwealth Bank’s Venture Scaling Unit, x15ventures, Selects Stone and Chalk, to Scout Founders to Help Reimagine Retail Experience

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

Australia’s Big Four Commonwealth Bank Plans to Launch 25 New Fintech Startups, As Part of Digital Transformation Strategy

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

Austrlia’s Digital Banks Xinja, Judo Bank, 86 400 Attracting Millions in Savings After Launching High Interest Rate Accounts

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

Commonwealth Bank of Australia Launches Blockchain-based Digital Marketplace Prototype to Allow Users to Trade Government Biodiversity Credits

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

ANZ, Commonwealth Bank, IBM, Scentre Group, & Westpac Participates in Live Pilot of Blockchain-Based Platform Lygon

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

Commonwealth Bank Brings Alipay to Albert Touchscreen Devices

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

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