The ongoing COVID-19 pandemic has put a damper on in-branch banking as banks scramble to find ways to continue their business during this crisis. Customers still need loan deferments, emergency business loans and other services due to the economic downturn that are typically conducted in...
The World Bank announced it has raised $33 million from investors for its blockchain-based “Kangaroo” bond, Bond-i. The bond, which is due August 2020, is the first bond created, allocated, transferred and managed through its life-cycle using distributed ledger (blockchain) technology. It is issued in Australian...
Australia’s major banks aren’t in support of an overhaul to the new Banking Code of Practice. According to Smart Company, Commonwealth Bank, Westpac, NAB and ANZ announced this week that they are in agreement that consumer credit protection laws shouldn’t be extended to cover small...
Commonwealth Bank of Australia has lost track of some 20 million customer statements scheduled for destruction two years ago — records that contain personal details but no passwords or PINs. The records were stored on two magnetic tapes used to print bank records, the financial...
April 22, 2020
The ongoing COVID-19 pandemic has put a damper on in-branch banking as banks scramble to find ways to continue their business during this crisis. Customers still need loan deferments, emergency business loans and other services due to the economic downturn that are typically conducted in person, but banks are being forced to close their branches […]
April 19, 2022
The Commonwealth Bank of Australia (CBA) released a statement on Tuesday (April 19) denouncing claims that the bank was partnering with a cryptocurrency trading platform that came from a false news article. The fake article, which claimed to be a report from the Australian Broadcasting Corporation (ABC) news website, had been circulating on social media […]
May 02, 2018
Commonwealth Bank of Australia has lost track of some 20 million customer statements scheduled for destruction two years ago — records that contain personal details but no passwords or PINs....
February 22, 2018
Australian-based Commonwealth Bank announced Wednesday (Feb. 21) that its customers would now be able to make contactless payments via Samsung Electronics’ mobile wallet, Samsung Pay. In a press release, Commonwealth Bank...
August 08, 2017
In regards to the Commonwealth Bank breaches — might it all have been due to coding errors? As Reuters reports, the Commonwealth Bank of Australia (CBA) has announced news that software...
