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News

• Quantum computers to drive customer insights, says CBA CIO

  ​Commonwealth Bank of Australia hopes to one day use quantum computers to drive insights for its customers.

• In six months, Commonwealth Bank spent $1.2B on IT services

  Commonwealth Bank of Australia has reported that its IT services spend for the first half of 2017 has reached close to $1.2 billion.

• Aussie banks shoot down Apple’s fee fears

  Aussie banks hit back at Apple in the latest round of the ongoing Apple Pay collective negotiation stoush.

• ​CBA, Queensland Treasury create government bond using blockchain

  Commonwealth Bank (CBA) and Queensland Treasury Corporation have created what they claim is the first government bond using the blockchain.

• The soured partner sale that landed a banking IT exec in jail

  ​As a former CBA exec gets jail time for allegedly taking kickbacks from former ServiceMesh CEO, the legal battle to lay the bribery scandal to rest continues.

• ​CBA, Barclays in mobile payment integration

  Commonwealth Bank and Barclays have announced a technology partnership that will enable both banks’ retail customers to move money between Australia and the UK using their mobile numbers.

• ANZ draws Blade on CBA's Albert

  ​ANZ Bank will be releasing an all-in-one mobile point-of-sale device later this year to compete with the likes of CBA’s Albert.

• ​NAB launches mobile payments service

  NAB is the latest bank to unveil a mobile payments service, launching an offering that allows consumers to use their Android smartphone to make purchases without the need for a physical card.
  

• ​UNSW, CBA dump $1.6M into cyber security skills

  The University of New South Wales and Commonwealth Bank on Tuesday announced a partnership to develop a cyber security centre aimed at addressing the shortage of security engineering specialists.
  

• ​Apple Pay could turn over $1B

  Consumers could spend more than $1 billion per month in Australia using Apple Pay despite the service only being available to American Express card users, according to research.
  

• ​CBA dishes out advice on innovation

  Innovation is valued more by smaller organisations and one in four mid-sized business say they don’t have the data required to make strategic business decisions.
  

• Former CBA IT exec to face court May 28

  Former Commonwealth Bank IT executive Keith Hunter is due to face court for charges of alleged bribery on May 28, following a brief appearance in Sydney Central Local Court this morning.

• CBA to shake up payments with ‘Albert’ launch

  Commonwealth Bank has launched its wireless Android-powered ‘Albert’ console onto the Australian market, and expects to ship ‘tens of thousands’ of units to merchants across the country.
  

• Updated: Former CBA IT exec charged with bribery

  Former Commonwealth Bank IT executive, Keith Hunter, has been arrested and charged with bribery as part of an investigation by the NSW Police Fraud & Crime Squad and the US Federal Bureau of Investigation.
  

• Australia could become Asian cyber security base, says CBA’s security chief

  Australia could become a beachhead of cyber security capabilities into Asia due to our stable ICT and economic environment and comparatively high level of trust compared to our neighbours in the region.