Commonwealth Bank of Australia

425 results about this entity

Period: 11 Oct 2004 - 08 Aug 2024

Australian banks suffer ATM problems after cloud service outage

Millions of Australian banking customers were unable to access ATM and Eftpos services on Sunday after severe storms on the east coast caused widespread damage, including a major outage at a cloud computing service used by several banks.

Branches set for long life - CBA

Despite the rise of digital channels, 80% of Commonwealth Bank of Australia's high-value customers still use branches, meaning that the firm's expensive bricks-and-mortar operation is set to stay in place for years to come.

Australian banks face A$13 billion revenue loss to fintech sector - F&S

Australian bank stand to lose up to A$13 billion in aggregated revenue to fintech startups, according to research from Frost & Sullivan.

Square faces Oz bank concerns over mPOS security

Square's move into Australia has gotten off to a rocky start, with Commonwealth Bank only agreeing to lift a security-related block on the mPOS service after an intervention from Visa and MasterCard.

CommBank adds Kounta app to Albert POS device

In a world-first, from today businesses will be able to use a single device to both take payments as well as access front-end point of sale and back-end processing systems; improving operational efficiency and their customers’ experience.

Commonwealth Bank to create global innovation network

Commonwealth Bank of Australia is to launch an innovation lab in both Hong Kong and London to create a joined-up global approach to new tech initiatives across the bank.

CommBank invests $10 million in quantum computing effort

Commonwealth Bank of Australia has pledged $10 million in funding to support a local research effort to build the world’s first silicon-based quantum computer in Sydney.

Commonwealth Bank and Goldman Sachs enter equities alliance

Commonwealth Bank and Goldman Sachs today announce a strategic alliance that will create a preeminent capability in equities by combining leading equity capital markets and investment research expertise with Australia’s largest online retail share trading platform.

CommBank adds American Express to mobile payments app

CommBank app Tap & Pay now supports both MasterCard and American Express credit card payments, adding to the existing debit card functionality and giving more Australians the ability to further embrace the digital wallet and manage their money on-the-go.

CommBank steps up blockchain interest

Australia's Commonwealth Bank is partnering with think tank Coala to run a two-day blockchain workshop in Sydney.

Nine banks back blockchain collaboration plan

Nine of the world's largest banks are backing an initiative to create a set of global standards for the use of distributed ledger technology in financial markets.

CommBank customers rage on Twitter over 18-hour outage; NatWest clients duped by bogus account

Customers raging on Twitter about an 18-hour outage at Commonwealth Bank that crippled the bank's computers overnight should beware a recent scam that saw NatWest clients duped in to handing over account details to a bogus handle posing as a bank helpline.