Business
CBA boosts tech spending to fend off fintech rivals – Sydney Morning Herald
The Commonwealth Bank has flagged a lift in the banking giant’s technology spending, as it faces a wave of competition from fintech rivals.
Mr Comyn told the media briefing the pandemic had sped up a move among customers towards digital banking, and CBA would be accelerating its digital strategy, part of which is a long-term partnership with Afterpay rival Klarna.
He flagged the investment boost as the bank seen as the tech leader among the big four said its ambition was to provide customers with digital experiences close to world-leading companies.
Mr Comyn made the comments following a presentation on technology that also included…
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