#Commonwealth Bank
Hospitality, tourism and retail showing promise across regional Australia: CommBank Report
Spending is up across regional Australia, moving past the spend recovery seen in metro areas, according to new data from Commonwealth Bank.
Several banks face action from ASIC over add-on insurances that have “failed customers”
The financial regulator is threatening action against lenders including the major banks over the sale of add-on loan and credit card insurance (CCI) that “has consistently failed consumers”. An Australian Securities and Investments Commission (ASIC) report released today found that consumer credit insurance represented extremely poor value for money and was regularly mis-sold. ASIC’s report […]
LocalAgentFinder closes $5.5m round with News Corp-backed fund as a media partner
Real estate agent comparison service LocalAgentFinder has closed an oversubscribed funding round, having not only raised $5.5 million from investors but achieved a pre-money valuation of more than $60 million. The round was led by Scaleup Mediafund, which is owned and supported by News Corp Australia, Network Ten, Nova Entertainment, and Fox Sports Australia, together with […]
Partnerships driving the local fintech sector
Financial technology startups are growing in Australia, from less than 100 in 2014 to approximately 579 companies today. Many financial businesses see this as a direct threat, but if our country is to have any hope of building a world-class financial services technology industry, the future lies not in competition, but in collaboration. We are […]
Indigenous islanders win Japanese contract
Even the toughest of business people are taking their hats off to the Tiwi Islanders nowadays. Only seven years ago, the islanders committed themselves to resurrecting an abandoned acacia plantation business on their homeland. They had no money, no trained forestry staff, no port suitable for woodchip and no export market. Tiwi sought and received expert […]
What can big businesses learn from start-ups and entrepreneurs about innovation?
This year, Microsoft purchased LinkedIn for $US26.2bn and Uber was valued at $US62.5bn. How is it that a handful of founders, starting out with little more than an idea, are managing to create multi-billion dollar businesses, when our largest companies with far greater resources, are struggling to replicate that performance? When it comes to enterprise, a poorly-defined […]
Soft growth in spending
The February Business Sales Indicator from the Commonwealth Bank has revealed a modest growth of 0.1 per cent for the second month in a row, highlighting a decline in the growth rate during the last five months.
SMEs fail to reduce tax liabilities
The Commonwealth Bank has urged small to medium sized businesses to better prepare for the end of the financial year and begin their tax preparations. Figures released by the bank suggest that nearly one third of SMEs (29 per cent) have not even started the groundwork to fulfill their tax obligations. The research suggests that […]
Privacy: legitimate concern vs. paranoia
Regardless of whether you believe privacy concerns are warranted, there’s a decent ROI for those businesses who address them.
Risky business for Aussie entrepreneurs
The majority of Australian entrepreneurs are risk takers and competitors, according to new research.
CommBank announces return of Small Business Forums
Commonwealth Bank has announced the return of the free Small Business Forums to help local business owners grow their business through effective implementation of technology.
New CommBank site signals people’s spending habits
CommBank’s brand new website, Signals, looks at consumer buying patterns and lifestyle trends to help Australians make better informed financial decisions.
Why subtle marketing is effective
Marketing is any type of communication – any part of the business that communicates with the outside world is marketing. The best marketing is done subtly. So what is subtle marketing and who does it the best?
What can the big four offer your business?
All the big banks say they’re the best for small business, but they also all want a piece of this large part of the market. To cut through the confusion, here’s an in-depth look at what each bank claims to have to offer SMBs.
CBA kicks off 2012 small business forum program
Small business owners around the country are being invited to register for the Commonwealth Bank’s free annual forum program, which kicks off next month.
Calling women in business! CBA Women in Focus competition kicks off
Local women are being invited to enter the Commonwealth Bank Women in Focus Community Builders competition series, and share their stories to go in the running to win a trip to Mt Kilimanjaro or New York Fashion Week.
Rate cuts make no difference to business bank satisfaction
Businesses are no more satisfied with the major banks now than they were in October, despite two interest rate cuts in November and December.
Banks drag the chain on business rate cuts
When the Reserve Bank cut interest rates, home owners arm-wrestled the banks into passing on the cut. But, as Rohan Gamble finds, small businesses aren’t as lucky: “Small businesses aren’t just missing out on full rate cuts, business lenders are taking almost double the amount of time to implement the rate reductions.”
RBA cuts rates in time for Christmas, banks follow suit
The Reserve Bank of Australia (RBA) cut interest rates by 25 basis points yesterday, taking the cash rate down to 4.5 percent in time for the all important Christmas season.
Westpac and CBA scoring well with micro businesses
The major banks are becoming increasingly different in their approaches to the business banking market, according to recent customer satisfaction results.
Commonwealth Bank rolls out world-first smartphone payments
The Commonwealth Bank is capitalising on Australians’ predilection for smartphones and social media, unveiling a new service that allows customers to make mobile payments through Facebook and their mobile phone address books.
What will the SME of the future look like?
As we celebrate 20 years as Australia’s leading magazine for SMEs, we asked a variety of people to predict what the SME will look like in 20 years time, with some interesting views on what 2031 will hold. In Part 2, read what Red PR Managing Director Fleur Madden, ServCorp’s Marcus Moufarrige and the Commonwealth Bank’s Matt Comyn predict.
Is your bank a stakeholder or the enemy?
With insolvencies continuing to rise, SME owners and directors need to ask themselves if they’re being proactive in managing their banking relationship, both in good times and in bad.
Commonwealth Bank kicks off location-based Facebook giveaway
The Commonwealth Bank has employed Facebook’s location-based marketing expertise to give away a year’s worth of free movie tickets to anyone who opens an Everyday Account with the bank after “checking in.”