Tagged: commonwealth bank of australia

September 7, 2023 @ 10:18 pm By Omar Faridi  |  

Commonwealth Bank of Australia (CBA) announced its venture-scaling arm, x15ventures, has entered an agreement “to acquire cloud-based invoice lending platform Waddle, accelerating the bank’s ambition to provide leading working capital solutions for Australian businesses.” CBA has an existing partnership with Waddle “through its Stream Working… Read More

July 17, 2023 @ 5:22 am By Omar Faridi  |  

Commonwealth Bank of Australia has made an equity investment in Wollemi Capital, as part of the global climate specialist investment firm’s Series A capital raising. Headquartered in Sydney and with staff and investments across Australia and the US, Wollemi invests in the businesses and projects… Read More

June 9, 2023 @ 9:12 am By JD Alois  |  

The Commonwealth Bank of Australia (CommBank) has decided to block certain payments to some crypto exchanges beginning this week. CommBank is the largest bank in Australia. In a FAQ, CommBank said they are making these changes due to the risk of fraud: “Interest in cryptocurrencies… Read More

May 25, 2023 @ 6:05 am By Omar Faridi  |  

The Commonwealth Bank of Australia’s (CBA) is launching a new tool to help small and medium sized enterprises (SMEs) to embed sustainability into their operations. CBA’s new Sustainability Action Tool “provides insights into actions businesses can take to reduce their environmental impacts and lower costs.”… Read More

October 23, 2022 @ 3:07 pm By Omar Faridi  |  

A new academy focused on tackling financial crime will be formed under a partnership agreement between Griffith University and the Commonwealth Bank of Australia (CBA). Building on CBA’s existing capability to combat financial crime and Griffith University’s considerable expertise in business and accounting structures, criminology… Read More

February 7, 2022 @ 8:47 pm By Omar Faridi  |  

Commonwealth Bank of Australia has reportedly joined a $31 million round in property tech firm OwnHome, which claims it can get thousands of first-time home buyers out of regular renting by leveraging a model, somewhat similar to Buy Now, Pay Later, which eliminates the requirement… Read More

May 22, 2021 @ 6:59 pm By Omar Faridi  |  

x15ventures (x15), which is Commonwealth Bank of Australia‘s venture-scaling division, has introduced a stand-alone or independent platform for helping new digital initiatives and business owners with fulfilling regulatory, risk and compliance requirements – which are part of scaling operations. The “xStack” platform is based on… Read More

November 28, 2020 @ 1:54 pm By Omar Faridi  |  

OwnHome, the recent winner of Xccelerate2020, the startup competition that’s managed by the Commonwealth Bank of Australia’s Fintech incubation division X15ventures, has reportedly received $150,000 in capital after grabbing the number one spot in the contest. Over 80 different startups had applied to take part… Read More

July 29, 2020 @ 11:14 pm By Omar Faridi  |  

X15 Ventures, a Fintech firm owned by the Commonwealth Bank of Australia (CBA), has introduced an app for SMEs that helps them with launching their operations. There’s also a cash incentive being offered to firms that will use the app to start their business. The… Read More

April 11, 2020 @ 10:55 am By Omar Faridi  |  

The Commonwealth Bank of Australia (CBA), a global bank with businesses across New Zealand, Asia, the UK, and the US, recently noted that there’s been a significant increase in mobile-based digital payments at point-of-sale (PoS) terminals. This, as Australian residents may be trying to avoid… Read More

August 26, 2018 @ 7:57 pm By JD Alois  |  

First announced earlier this month, the World Bank has revealed their first “blockchain bond” or bond-i easily raised A$110 million. Arunma Oteh, World Bank Treasurer, said he was delighted that the “pioneer bond transaction” was well received by investors. The bone was issued using a… Read More

August 10, 2018 @ 8:39 am By JD Alois  |  

The World Bank is issuing a bond on blockchain. The first of its kind issuance is being orchestrated via the Commonwealth Bank of Australia (CBA) as sole arranger.  According to the World Bank, the security will be created and managed completely using distributed ledger technology… Read More

February 23, 2018 @ 4:00 pm By Samantha Hurst  |  

Earlier this week, Commonwealth Bank of Australia (CBA) announced it has completed a regtech pilot with ING to simplify processing of information and implementation of regulation using the Markets in Financial Instruments Directive II (MiFID II) as a test case. According to CBA, the project… Read More

March 21, 2017 @ 4:16 pm By JD Alois  |  

The Commonwealth Bank of Australia (CBA) and Austrade have signed a new collaboration agreement designed to improve the flow of Fintech innovation between the UK and Australia. Austrade is the Australian government’s ministry of Trade, Tourism and Investment. The agreement is said to be used… Read More

September 9, 2016 @ 11:15 am By Samantha Hurst  |  

On Friday, Commonwealth Bank of Australia (CBA) and Barclays announced they formed a partnership to allow users of both their apps, CommBank app and Pingit, to move money between Australia and the UK. The two companies have reportedly worked together to connect each of their payment… Read More

April 7, 2016 @ 12:01 pm By Erin Hobey  |  

Resisting Fintech disruption amounts to a loss of $13 billion in aggregated revenues, according to Frost & Sullivan The Australian Banking sector is heavily regulated to prevent monopolies and collapses, and is guided by the Four Pillars Policy of the Australian Government which maintains the viability and separation of… Read More