Bank of Australia stories - Page 2

Commonwealth Bank unveils a responsible AI blueprint, detailing governance, safeguards and fraud controls as scrutiny of automation grows.

Commonwealth Bank will raise eligible variable business loan and overdraft rates by 0.25 percentage points from 13 February 2026.

Revolut launches a unified merchant payments suite in Australia, tying in‑person, online and A2A payments directly to its business accounts.

OpenAI unveils an Australia-wide AI push, pairing a Sydney supercomputer campus with skills training and new startup support schemes.

Commonwealth Bank teams with OpenAI on AI and cyber training to close skills gaps for 1 million Australian small business customers.

Banking Circle wins 2026 AP+ committee seat, vowing to champion fintech needs and speed instant payment adoption across Australia.

Anthropic is setting up an Australian office in Sydney as Claude adoption soars, anchoring a wider global expansion and hiring push.

European banks expect AI to shrink staff only slightly, with most projected job losses coming through routine attrition, not mass cuts.

Festive food, drink and dining out delivered a surprise December spending lift, as households splurged ahead of Christmas gatherings.

Most Australians think they can spot AI scams, but new research shows fewer than half can correctly identify deepfake images in tests.

Wisr joins fintech consortium to tokenise a AUD $250 million asset-backed security in the Reserve Bank of Australia's Project Acacia pilot.

CBA data shows wage growth nudging higher while jobs remain steady, reinforcing expectations the RBA will stay cautious on interest rates.

OpenAI launches its first Asia Pacific OpenAI for Countries plan in Australia, pairing sovereign AI infrastructure with major skills drives.

Australian SMEs step up a campaign against the RBA's proposed blanket ban on card surcharges, warning it will lift prices for all shoppers.

CommBank launches a national programme to boost AI and cybersecurity skills for over one million Australian small businesses, aiming to enhance productivity and resilience.

AWS launches AI agents-Kiro, Security Agent, and DevOps Agent-to automate software development, security, and operations with greater autonomy and scale.

Intuit Australia partners with SISS to launch Open Banking feeds for QuickBooks, enhancing real-time banking integration under CDR with major banks live.

The Australian Government is trialling digital ID pilots to simplify rental applications and better protect renters' personal data from misuse and theft.

Qualtrics appoints Raen Lim as Managing Director for Asia Pacific and Japan to drive growth and AI adoption across the region's diverse markets.

Aware Super names Richard Exton as Chief Technology and Data Officer to boost AI and digital services for 1.2 million members from November.