The Commonwealth Bank of Australia (CBA) will be required to review its privacy and data retention policies under threat of court action from the Australian Information Commissioner and Privacy Commissioner.
The World Bank’s International Bank for Reconstruction and Development has enabled secondary market trading of bonds created and managed using only blockchain, in partnership with Commonwealth Bank of Australia.
What a difference a year makes. Twelve months ago it was almost impossible to find Australian organisations that had embraced cloud computing. Now pretty much everyone is planning, piloting or executing some form of migration to the cloud. If there was ever doubt that cloud was little more than hype, it was eradicated in April 2010 by Commonwealth Bank of Australia (CBA) group executive for enterprise services and chief information officer, Michael Harte. In a speech to Committee for Economic Development in Australia, Harte declared that never again did he wish to be locked into using proprietary hardware or software and cloud computing was his escape route.
The Commonwealth Bank has announced an upgrade of its customer service portal, NetBank, aimed at creating a single site, sign on and password to access a wider range of the bank’s websites and services.