Latest Commonwealth Bank of Australia News: Finextra Research

Eftpos signs up banks, fintechs and merchants for eQR roll out

Eftpos Australia has signed up Commonwealth Bank, National Australia Bank, Coles, Woolworths, Azupay, Beem It and Merchant Warrior to support the rollout of its new QR payments platform, eQR.

13 October 2021

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CommBank implements AI tool to root out abusive messages in transaction fields

Commonwealth Bank of Australia is implementing artificial intelligence technology and machine learning techniques to detect serial abusive behaviour in transaction descriptions within the CommBank App and Netbank.

11 October 2021

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CommBank app to track customer carbon footprints

Commonwealth Bank of Australia is to provide personalised carbon footprints for customers based on their spending data in a partnership with fintech start-up CoGo.

05 October 2021

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Australian fintechs rail against ‘de-banking’ practices

During a Senate inquiry into “Australia as a Technology and Finance Centre” representatives from three fintech firms criticised Australian banks for their ‘de-banking’ practices, which tend to hit those involved in the crypto sector particularly hard.

10 September 2021

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Splashup bags $150,000 Safe Note from CBA's x15ventures pitch day

Aussie ecommerce startup Splashup has emerged as the winner of Commonwealth Bank's X15ventures annual startup pitch event, bagging a commitment from the venture scaling entity to buy $150,000 worth of shares in a future pricing round.

13 August 2021

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CBA puts AI ethics at centre of Bill Sense

Commonwealth Bank of Australia has used an AI ethics framework being developed by the country's government to help design a service that tells customers when their bill payments are due.

13 July 2021

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CBA to recruit 600 IT engineers

Commonwealth Bank of Australia has set out plans to recruit in excess of 600 engineers across a variety of disciplines, including software, systems, data and test engineers.

22 June 2021

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Aussie banks hit by internet outages

ANZ, CommBank and Westpac all faced issues with their online banking services on Thursday thanks to a problem with a DDoS mitigation tool run by cloud services provider Akamai.

17 June 2021

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CBA ups digital game with Open Banking move and $50 million investment in disruptive businesses

Commonwealth Bank of Australia will become the first of Australia's Big Four banks to let customers see balances from other banks within its banking app under the country's new Open Banking rules.

27 May 2021

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CBA's x15 rolls out 'venture-in-a-box' platform

x15ventures (x15), Commonwealth Bank of Australia's venture-scaling entity, has launched a stand-alone platform aimed at helping the next wave of digital businesses and entrepreneurs meet the regulatory, risk and compliance challenges that comes with scaling their operations.

21 May 2021

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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.

19 May 2021

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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.

04 May 2021

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