Commonwealth Bank of Australia

416 results about this entity

Period: 11 Oct 2004 - 14 May 2024

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Digital wallets poised to overtake contactless cards as instore payment of choice in Australia

/payments

Digital wallets poised to overtake contactless cards as instore payment of choice in Australia

When shopping instore, Aussies are increasingly choosing digital wallets as their preferred way to pay compared to tapping a card, according to latest figures from CBA.

/retail

Perx seals mobile deal withCommonwealth Bank in Indonesia

Perx Technologies, a category creating Lifestyle Marketing SaaS Platform provider today announced its strategic partnership with PT. Bank Commonwealth (PTBC), a subsidiary of Commonwealth Bank of Australia (CBA), the largest financial institution in Australia.

CommBank forms Big Data joint venture

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CommBank forms Big Data joint venture

Commonwealth Bank of Australia has formed a joint venture company with data science outfit Quantium to create a suite of product aimed at delivering business decision-making insights to institutional clients.

/payments

CBS forges partnership with BigCommerce

Commonwealth Bank today announced a new partnership with leading ecommerce platform BigCommerce to make it easier for businesses of all sizes to launch and grow their online stores.

CBA acquires health technology firm Whitecoat

/payments

CBA acquires health technology firm Whitecoat

Commonwealth Bank of Australia has acquired health technology provider Whitecoat, furthering its ambition to create an end-to-end digital payment, claiming, and directory solution for the healthcare industry.

/payments

CBA records surge in millennials opening business accounts

New research from Commonwealth Bank of Australia has found the number of millennial small business owners is on the rise, with many young Australians turning their business ideas into a reality.

CommBank's x15ventures takes minority stake in bill pay startup Payable

/startups

CommBank's x15ventures takes minority stake in bill pay startup Payable

CommBank's x15ventures has invested £1 million for a significant minority stake in Identitii bill payment subsidiary Payable.

/regulation

CBA ordered to pay $7 million penalty relating to overcharged interest

The Federal Court of Australia has ordered the Commonwealth Bank of Australia (CBA) to pay a $7 million penalty after the Court had previously declared that CBA made false or misleading representations and engaged in misleading and deceptive conduct.

CommBank steps into BNPL fray

/payments

CommBank steps into BNPL fray

Commonwealth Bank of Australia has waded into the competitive buy now, pay later market, competing with local juggernaught Afterpay, and Klarna, in which it has invested $350 million.

CBA taps Big Data and machine learning to support customers hit by natural disasters

/retail

CBA taps Big Data and machine learning to support customers hit by natural disasters

Commonwealth Bank of Australia is harnessing machine learning technology and Big Data science to offer customers same-day, pro-active emergency assistance in the event of weather-induced natural disasters.

/markets

New CommSec tool helps retail traders to grow their investment knowledge

CommSec has seen a 200 per cent increase in investors seeking executional information via the website, such as ‘how to place a trade’, over the last 12 months.

Oz lenders ready to put bank guarantees on a blockchain

/payments

Oz lenders ready to put bank guarantees on a blockchain

ANZ, Commonwealth Bank of Australia, Westpac, IBM and Scentre Group are to formally launch a blockchain-based platform that reduces the time to issue a bank guarantee from one month to one day.

Westpac clamps down on abusive messages sent via payment transactions

/payments

Westpac clamps down on abusive messages sent via payment transactions

Westpac is introducing new tools to clamp down on the use of payment channels to send abusive and threatening messages to recipients via the description and reference fields in online banking transactions.

CBA ups tech spending budget by a further $1 billion

/retail

CBA ups tech spending budget by a further $1 billion

Commonwealth Bank of Australia is to add a further $1 billion to its five-year $5 billion tech spending commitment in order to provide personalised digital services to customers and fend off competition from insurgent fintechs.

/people

CommBank's x15ventures names Ben Heap as chairman

Commonwealth Bank’s venture scaling entity, x15ventures, has today announced two key appointments, including its first non-executive, independent Chairman.

CBA to merge Aussie Home Loans with Lendi

Commonwealth Bank of Australia (CBA) today announced it has entered into an agreement to merge Aussie Home Loans (Aussie) with Lendi, a leading online home loan platform.

/retail

CommBank opens virtual cricket clinics

With the 2020-21 cricket season in full swing, Commonwealth Bank in conjunction with Cricket Australia has launched a virtual cricket clinic series for kids and young adults.

/payments

CBA collaborates with Queensland Government to offer contactless payments to commuters

From today onwards, Commonwealth Bank will activate payment technology across the Gold Coast Light Rail (G:link) network to enable local commuters to pay with any MasterCard or Amex debit or credit card, including smartphones and wearables, as well as cash or the traditional go card.

CBA’s venture building entity, x15ventures, throws support behind OwnHome

/startups

CBA’s venture building entity, x15ventures, throws support behind OwnHome

OwnHome, the winner of Xccelerate2020, the startup competition run by the Commonwealth Bank of Australia's fintech incubation unit x15ventures, has walked away with £150,000 in funding after grabbing the top spot in the competition.

/startups

CBA's x15ventures zeroes in on 10 startups to join Xccelerate programme

x15ventures – Commonwealth Bank’s venture building entity – has rounded up 10 of the country’s best start-ups as part of its new Xccelerate program.

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