Business
Old and new in CBA’s business banking push – The Australian Financial Review
CBA’s business banking boss Mike Vacy-Lyle is going after market share using digital channels and old-school tactics.
Very nicely, apparently. The continued development of the BizExpress channel means that Vacy-Lyle has now been able to get the time between an existing customer applying for an unsecured loan of up to $50,000 and the first dollars hitting their account down to just 15 minutes under a pilot program.
Further development should lift that loan size progressively to $75,000 and $100,000 and eventually beyond. But Vacy-Lyle is pleased with the progress made so far, and says the pandemic has ironicall…
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