CBA sets up Melbourne tech hub

Technology initiative will support software developers and data engineers Commonwealth Bank has unveiled its latest technology hub designed to support more than 400 software developers, cloud engineers and cyber specialists in the Melbourne CBD and help create new opportunities for Victoria’s expanding digital economy workforce. The hub, based in the…

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CBA helps fund construction of NSW grid

Grid-forming technology is pivotal in maintaining grid stability. The Commonwealth Bank of Australia (CBA) has supported Edify Energy with project finance for construction of Australia’s largest approved grid-forming battery in Darlington Point, outside of Griffith in regional NSW. The 150 MW/300 MWh energy storage portfolio designed and developed by Edify…

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CBA partners with global AI leader H2O.ai

Strategic partnership with H2O.ai boosts the bank’s AI capabilities. Commonwealth Bank  has formed an exclusive partnership and taken a minority stake in H2O.ai, a global leader in Artificial Intelligence (AI). Headquartered in Silicon Valley, H2O.ai operates the cloud-based machine learning platform, H2O AI Cloud, and employs a significant number of…

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CBA to offer crypto services to customers

Strategic partnerships with global crypto leaders Gemini and Chainalysis. Commonwealth Bank (CBA) has announced that it will become Australia’s first bank to offer customers the ability to buy, sell and hold crypto assets, directly through the CommBank app. CBA has partnered with one of the world’s largest regulated crypto exchanges…

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Commonwealth Bank is migrating to the cloud at speed and scale

Digital engagement is a key differentiator. Commonwealth Bank’s digital transformation, including the adoption of cloud technology and the migration of 95 per cent of its compute to the public cloud, has been recognised at the recent VMware Customer Excellence Awards. At the recent virtual awards ceremony, the bank took home the 2021 Digital Transformation award. To date, CBA has successfully migrated over 2,300 virtual machines (equating to…

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CBA’s digital features and data analytics as ‘innovative’

Australian government has singled out Commonwealth Bank’s data-driven and unique digital experience. A new report about the nation’s welfare published by the Australian government has recognised the bank’s innovative use of data to help retail and business customers during COVID. Chief Data & Analytics Officer, Dr Andrew McMullan said the…

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Suncorp furthers IT investments with CIO appointment

Australian financial services company hires ex-CommBank senior IT decision maker . Australia-based Suncorp Group Limited has appointed Adam Bennett to the role of Chief Information Officer (CIO). Bennett has held several technology and banking roles, primarily at Commonwealth Bank of Australia and makes him experienced in the field of financial…

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Commonwealth Bank of Australia opens for data sharing

One of Australia’s big four banks believes data-driven innovation has the potential to deliver better services.. The Commonwealth Bank (CBA) has launched the first phase of the nation’s Open Banking regime for consumer data sharing. CBA has invested in the critical infrastructure required to better support Australia as a leading…

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