Commonwealth Bank

Companies are being urged to consider the ethical implications of their AI ambitions to ensure that as the technology increasingly embeds itself in our lives, it doesn’t take away the values society holds dear. “Technology may let us do new things quicker, faster and cheaper, and easier, but at the

Edge computing circuit circle on blue cube background 3D illustration

5G-connected edge computing will be trialled at Commonwealth Bank branches in an attempt to reduce on site network infrastructure, under a new partnership between the bank, Ericsson and Telstra. Sign up for Which-50’s Irregular Insights newsletter According to the telco it is the first time in Australia that technology providers

Commonwealth Bank today launched Alipay on its Albert terminals, meaning 94,000 Australians businesses with point of sale device will be able to accept the popular Chinese payment method. Today’s announcement builds on the MOU signed by CommBank and Alipay back in November 2016, and adds significant scale to Alipay’s existing

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

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

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

The Commonwealth Bank CFO, Rob Jesudason, has resigned to take up a new role as group president and COO of Block.one, a large blockchain software publisher and token seller. CBA has appointed Alan Docherty as acting chief financial officer while it searches for a new CFO. Sign up for Which-50’s

Australia’s largest bank has admitted it lost the financial statements of 20 million accounts. The Commonwealth Bank insists that customer security has not been compromised as the statements did not contain customer passwords or pin numbers. The statements did include customer names, addresses, account numbers and transaction history. The data

Reports surfaced this month that the Commonwealth Bank is facing legal action over the accessibility of its point of sale eftpos machine known as Albert. The news stands as a stark reminder that even the biggest companies, those with resources, compliance expertise, and — according to the CBA — the