The Commonwealth Bank of Australia and Data61, the CSIRO’s data innovation group, have partnered to develop “smart money”, a blockchain-enabled programmable currency. Sign up for Which-50’s Irregular Insights newsletter Used via a mobile app, Smart Money allows funds to have certain conditions attached to their use and is currently being

It seems more consumers are reaching for their phone at the checkout with new data from CBA showing mobile payments are up 35 per cent in the past six months. From five million CBA app customers, 16.8 million tap and pay transactions were made via smartphones and smartwatches during the

Commonwealth Bank has upgraded its online data-driven tools that provide businesses with practical insights to enhance their performance and productivity. Daily IQ 3.0 provides small and medium enterprises (SMEs) and institutional businesses with personalised insights into their cash flow, their performance against the industry, as well as the purchasing behaviours

Australian businesses are increasingly looking at the opportunity to share assets as they are put under new competitive pressures from globally insurgent competitors, according to a new study. That will help drive the value of the sharing economy in Australia from $14.5 billion in 2016 to more than $55 billion

Commonwealth bank of Australia

The World Bank has raised A$110 million to launch the world’s first bond created and managed via blockchain. CommBank is the sole arranger of Bond-i (Blockchain Offered New Debt Instrument), a bond created, allocated, transferred and managed through its life cycle using distributed ledger, on behalf of its client the

Commonwealth Bank in the leader in Australian mobile banking, cementing its top ranking for the second year in a row in a study by Forrester Research, which evaluated the mobile apps of Australia’s big four banks. Forrester’s report found CommBank leads the pack saying the bank blended “…extensive functionality with

Cargo ship in harbour

17 tonnes of almonds grown in regional Victoria have been transported to Hamburg, Germany as part of a blockchain trial between Commonwealth Bank and five Australian and international supply chain companies. The process used the distributed ledger technology, smart contracts and the internet of things (IoT) to track the shipment

Human, robot, AI, ML

The Commonwealth Bank wants to take banking “back to the 70’s”, a time when “the branch manager knew who you were” and customer trust often kept them with a single bank for life. That’s the vision of Dr Andrew McMullan, head of customer decisioning at CBA. He also believes AI

From today Commonwealth Bank Mastercard customers will have access to Samsung Pay. The contactless payment platform enables CBA customers to make payments via compatible Samsung phones and wearables. CommBank already offers Android Pay but not Apple Pay. Research released this week suggested smartphones users’ loyalty to their devices was influencing

Commonwealth Bank’s head of retail banking, Matt Comyn, has been selected as the company’s new CEO. Comyn will replace outgoing CEO Ian Narev in April this year. CBA is hoping the appointment will bring stability in what could be a challenging year for the bank. WHICH-50 Reader Survey: Help us