Delay in banks vs Apple fight
The Australian Competition and Consumer Commission (ACCC) has pushed back the timeframe for releasing a draft decision in a stoush between some of Australia’s biggest banks and Apple.
The Australian Competition and Consumer Commission (ACCC) has pushed back the timeframe for releasing a draft decision in a stoush between some of Australia’s biggest banks and Apple.
The Commonwealth Bank of Australia and Barclays have struck a deal that will allow users of their mobile apps to transfer money between Australia and the UK using a mobile phone number.
Even if the Australian Competition and Consumer Commission (ACCC) authorises collective negotiations between a group of banks and Apple over the use of the Apple Pay platform, the iPhone maker says that it “will not and cannot” agree to the conditions likely to be sought by the banks.
A submission to the Australian Competition and Consumer Commission (ACCC) by Google Asia Pacific (GAP) argues that there is no basis for allowing banks to band together for negotiations over the Android Pay platform.
The Australian Competition and Consumer Commission says it is “continuing to assess” an application lodged with the body by a group of banks that seek the right to collectively negotiate with, and potentially collectively boycott, mobile wallet providers including Apple.
Commonwealth Bank is offering its large corporate and institutional business customers advice on how to take advantage of the arrival of driverless vehicles.
The Commonwealth Bank of Australia registered a 15 per cent jump in IT services expenses in FY16, with application maintenance and development the biggest overall contributor.
The lack of cyber security professionals in Australia is fast becoming a national crisis. A survey this week found that 88 per cent of local businesses were struggling with their lack of skills. The government described the “critical shortage” as a “major problem” in its national cyber security strategy. The situation, it said, was “urgent’”.
The Commonwealth Bank’s decision to contribute millions of dollars to quantum computing research is not just about the significant commercial potential of the technology itself but also about developing its own in-house expertise in the area, according to chief information officer David Whiteing.
“We believe that the blockchain has huge potential,” Commonwealth Bank CIO David Whiteing today told the annual conference of the Stockbrokers Association of Australia.
Suncorp has appointed Sarah Harland to the role of chief information officer, the financial services group announced this morning.
CBA CIO, David Whiteing, says he is interested in embracing a range of technologies more commonly associated with businesses that have a purely digital heritage rather than the complex technology environment of a bank.
The Commonwealth Bank has completed a mammoth overhaul of one of its key data centres in Sydney, delivering a boost to security, resilience and power efficiency, and dramatically extending the facility's projected lifespan.
Suncorp’s chief information officer, Matt Pancino, has resigned, the company announced today.
The Commonwealth Bank of Australia and the Ace Foundation have finalised a settlement in a US lawsuit linked to an Australian criminal case that has seen charges laid against two former CBA IT executives.