commonwealth bank - News, Features, and Slideshows

News

• Utility computing can ease big data pain

  Adopting cloud or utility computing models can ease the pain for organisations analysing large amounts unstructured and structured data to gain insights that improve their competitiveness.

• CommBank reports huge drop in IT system incidents

  The Commonwealth Bank (CBA) has lauded its seven-year technology transformation project as a key reason for significant improvements in system reliability, reporting an 83 per cent drop in “high impact incidents” between FY07 and FY13.
  

• Interview: Michael Harte, CIO, Commonwealth Bank

  As the Commonwealth Bank’s Wired for Wonder conference came to a close, CIO caught up with the bank’s chief information officer, Michael Harte, to discuss innovation in IT, delivering competitive advantage and technologies that will have an impact over the next year.

• CBA’s CIO seeks to build a ‘new intimacy’ with customers

  Commonwealth Bank chief information officer Michael Harte wants to resurrect the intimacy that banks and their customers used to have.

• Social media adds spice to financial services, say banks

  Social media can make financial institutions seem less dull and better engage customers, according to officials on a panel at the AB+F Retail Financial Services Forum.

• Corporations need to balance data transparency and security: legal experts

  The Internet is driving greater transparency of information but has also created more risk for corporations drowning in customer data, according to two legal experts.

• Customer focus in IT critical to business success: CommBank's Harte

  Businesses must use technology to increase focus on the customer or risk failure, according to Commonwealth Bank CIO Michael Harte.

• CommBank unveils MyWealth investing website

  Recent core IT upgrades helped Commonwealth Bank of Australia launch a new investing website in less than nine months, CBA officials said at today’s launch of the MyWealth website.

• CommBank updates digital wallet for Android handsets

  The Commonwealth Bank has released a redesigned version of its free Kaching digital wallet app for Android handsets.

• Startup wants to be Australia's Mint.com

  Pocketbook, a Sydney-based startup, seeks to build a simpler and more useful service for managing spending than current offerings in Australia.

• CommBank announces Facebook payments, move to AWS cloud

  Commonwealth Bank revealed a slew of tech announcements today, including Facebook payments, a redesigned Kaching app for Android devices and new business banking products.

• Commonwealth Bank glitch leaves customers furious

  Customers flooded the Commonwealth Bank of Australia's Facebook page with complaints last night after a network issue affected their ability to access their money.

• ANZ, NAB pass on cash rate cut

  ANZ (ASX:ANZ) and NAB (ASX:NAB) have followed the other Big Four in applying the RBA's rate cut to their mortgages, but NAB will not pass on the full 0.25%

• Reserve Bank cuts cash rate

  The RBA on Tuesday voted to trim the cash rate by 25 basis points to 4.5%, marking the first cut since early 2009

• Q&A: Commonwealth Bank CIO, Michael Harte

  After first joining the Commonwealth Bank back in April 2006 as CIO, Michael Harte, has made significant changes to the technology behind the bank, implementing a customer-focused IT strategy and embarking on a core banking modernisation project.