The Commonwealth Bank of Australia (CBA) and Austrade have signed a new collaboration agreement to support the flow of fintech innovation between Australia and the UK.
The group of Australian banks fighting it out with Apple for access to the iPhone's near-field communication function say that it is "unrealistic" to expect them to settle for Android Pay and non-NFC alternatives.
Commonwealth Bank of Australia is letting members of local gig economy site Airtasker use their banking relationship to verify their identities.
The group of Australian banks fighting it out with Apple over the introduction of the consumer electronics giant's mobile payment system have narrowed down their complaint to the Australian Competition and Consumer Commission (ACCC) to focus solely on open access to the NFC function on iPhones.
Commonwealth Bank of Australia has issued a cryptobond for Queensland Treasury Corporation in the first trial run of the bank's private, permissioned blockchain platform for the end-to-end issuance of bonds.
Ipreo, a leading global provider of market intelligence and productivity solutions to financial services and corporate professionals, announced the successful implementation of Investor Access, which allows investors to electronically submit orders directly to the sell-side syndicate banks on fixed-income new issues.
ASIC has today accepted enforceable undertakings (EUs) from each of the National Australia Bank Limited (NAB) and the Commonwealth Bank of Australia (CBA) in relation to the banks’ wholesale spot foreign exchange (FX) businesses.
A former CommBank IT executive who pleaded guilty to taking bribes in a cash for contracts scandal has received a three-and-a-half year jail sentence from Australian courts.
Commonwealth Bank of Australia is selling its remaining stake in Visa Inc for $439 million and using the windfall to write off $275 million in software spending on digital and direct banking channels.
Australian banks are set to lose their bitter struggle to win collective bargaining rights over NFC access to iPhones as the country's anti-trust regulator issues a draft determination in favour of Apple.
© Finextra Research 2017