CommBank

Commonwealth Bank last week provided an update on its strategy and investments to reimagine products and services and build the best digital banking experiences, with CEO Matt Comyn saying “The shift to digital banking is accelerating and we are investing to remain at the forefront of innovation.” According to Comyn,

Commonwealth Bank announced today that it has partnered with SaaS e-commerce platform BigCommerce to support merchants with their online businesses.  BigCommerce claims that it helps companies to capture market opportunities, generate “content-rich experiences” and connect backend systems and apps to help businesses to scale. According to James Fowle, Executive General

Commonwealth Bank aligned Swedish Buy Now Pay Later company Klarna today announced a partnership with loyalty program Flybuys, allowing Flybuys members to collect rewards points when purchasing with Klarna.  For every dollar repaid, members of the Klarna rewards club receive one “vibe”, which can then be converted to 3 Flybuy

CommBank says customers impacted by natural disasters can now expect same-day tailored support solutions from their bank thanks to a new purpose-built data model solution. The bank is using custom-built algorithms to monitor, in real-time, a mix of data points from official emergency sources and weather alert systems to offer

CBA CEO Matt Comyn is doubling down on his multibillion dollar technology bet, this week announcing a plan to put Australia’s largest bank among the global leaders of digital experiences and to begin receiving open banking data. “CBA wants to remain Australia’s clear leader in digital banking,” Comyn said Thursday.

The time taken to issue a bank guarantees will drop from up to one month down to day after ANZ, Commonwealth Bank of Australia, Westpac, IBM and Scentre Group this week revealed the expansion of a successful blockchain platform, Lygon. Lygon completed a successful pilot last year that, it’s backers

CommBank is ramping up its investment in digital startups, committing US$10 million to the most recent funds for both Square Peg and Zetta Venture Partners to support local fintechs, as well as emerging artificial intelligence businesses in Australia. The strategic partners are tasked with stewarding new digital banking services into

Many Australian banks miss the mark when it comes to money management, alerts, and self-service features on their mobile apps, and the absence of these services hurts the customer experience. That’s a key finding in a new report from Forrester Research into Australian mobile banking apps called Mobile Banking Apps

tap and go, payments, eftpos

Digital wallet users spent more than $1 billion on a record number of transactions in March as cash and physical contact were minimised in an attempt to stem the spread of COVID-19, according to data from the Commonwealth Bank. CBA’s monthly analysis of transactions from Apple Pay, Google Pay, Samsung

The debate over the future of screen scraping in Australia is being complicated by the slow roll out of Australia’s open banking regime, a data sharing system which would make the practice obsolete. Screen scraping occurs when consumers provide their banking username and password to a third party, such as