Commonwealth Bank of Australia (CBA) says it will invest more than $5 billion mostly on technology over the next five years, to maintain its leadership position in digital banking.
‘Turning Dreams into Reality’ read the big screen behind Takahito Tokita, Fujitsu’s soon-to-be president, at the company’s annual forum in Tokyo.
Commonwealth Bank of Australia has hinted at plans to import the “commercialised blockchain solution” it has successfully trialed in South Africa.
Commonwealth Bank of Australia’s IT services expenses decreased by 32 per cent to $752 million in the half year ended in December, compared with the same period in 2016.
Commonwealth Bank of Australia is spending $40 million to improve the technology used to monitor accounts and transactions for suspicious activity in the wake of a legal challenge from AUSTRAC accusing the bank of anti-money laundering and counter-terrorism law breaches.
Domino’s recent raft of innovations in Australia and New Zealand – including its pizza tracker and ‘Internet of Food’ – has helped it to drive a 17 per cent growth in both revenue and same store sales, the company said today.
The latest Optus performance results released today reveal a 9 per cent increase net profit during the last quarter, including a 5 per cent EBITDA increase and 6 per cent growth in operating revenue.
Technology development and investment company Techniche (ASX:TZL) has cut its profit guidance for FY11 as a result of foreign exchange (forex) losses and a write-down.
The company exceeded its Q1 iron ore production estimates by 9%
But declines to raise outlook
Lower than expected US sales will leave the company $2-5m in the red