Blockchain benefit to back-up protection
Following a huge amount of hype in recent years, businesses are now starting to seriously consider the potential of blockchain-inspired technology to perform secure and trusted transactions.
Following a huge amount of hype in recent years, businesses are now starting to seriously consider the potential of blockchain-inspired technology to perform secure and trusted transactions.
A group of banks that have sought the right to act as a cartel in negotiations with Apple over the iPhone maker’s Apple Pay platform have narrowed the scope of their application to the Australian Competition and Consumer Commission (ACCC).
The Commonwealth Bank of Australia has announced what it describes as a world first: The use of Bitcoin-inspired blockchain technology to issue a bond.
ANZ bank will automatically update customers’ digital wallets with replacement card details if they report a card lost or stolen.
Calls for Australia’s biggest banks to open up access to customer data could prove a double-edged sword for the fintech industry and further entrench the dominance of the ‘Big Four’, says ANZ’s general manager of data, Darren Abbruzzese.
The Commonwealth Bank’s former IT infrastructure and operations chief Keith Hunter has been jailed for a scheme that involved receiving kickbacks in return for helping channel business to a US software company.
ANZ has released a card payment terminal that runs on Google’s Android mobile platform.
The Commonwealth Bank of Australia has marked the 50th anniversary of its first computer — an IBM mainframe that was installed in 1966 — with a three day event that celebrated the past while looking at how CBA can leverage emerging technologies.
The Australian Competition and Consumer Commission will not authorise a group of banks to band together for negotiations with Apple over the iPhone maker’s Apple Pay platform, states a draft decision issued today by the ACCC. A final decision is not expected until March next year.
Optus Business and La Trobe University have unveiled a strategic alliance that includes partnering on a “market leading” cyber security degree.
The Commonwealth Bank of Australia has participated in what the bank describes as a world first: A global transaction employing a ‘smart contract’ that uses a distributed ledger inspired by the design of Bitcoin’s blockchain.
A group of banks has confirmed that, at present, only Apple Pay is targeted by an application to the Australian Competition and Consumer Commission that would allow them to engage in a collective boycott of digital wallet services.
Catherine Livingstone will succeed Commonwealth Bank chairperson David Turner after he retires from the CBA board at the end of the year.
Former Commonwealth Bank infrastructure and operations head Keith Hunter faces US fraud charges related to bribe claims levied at Hunter and fellow former CBA IT exec John Waldron.
The Commonwealth Bank’s mammoth core modernisation program helped it claim the title of the country’s first ‘real time’ financial institution, but there is still more to do to move some of CBA’s systems away from batch processing according to Pete Steel.