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CBA, Square Peg unite for innovation crusade – The Australian Financial Review

The CEO of Australia’s biggest bank and one of our most successful entrepreneurs say technology will be the key to economic success post-COVID-19.

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We are going to need to produce new jobs to ensure all Australians have job opportunities,” Mr Bassat said.
Reserve Bank governor Philip Lowe has also been emphasising in recent speeches the importance of innovation to create the new jobs that will be necessary for the Australian economy to grow out of the COVID-19 crisis.
Square Peg partner Paul Bassat said CBA could become a co-investor in future fintech deals. Wayne Taylor
CBA has around six million, of its 16 million total customers, usin…

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