The Commonwealth Bank (CBA) has signed a new deal with payments developer Mobeewave which will allow small businesses to instantly accept credit card payments through their smartphones.
 

Three of Australia’s big four banks have announced they will join forces to develop, invest in and market an instant payment app for mobile smart devices.

Millennials are set to dominate CommSec by force of numbers, representing half of all new customers signing on to the share trading platform, according to data released by CBA.

The Federal Government has earmarked $130.8 million for the development of new data analytics initiative.

Angus Taylor, assistant minister for digital transformation, has launched a rebadged digital agency, with expanded powers to deliver on digital transformation and be more transparent.

In Australia, the value of government data is capped at $25 billion annually. Innovation is influenced by an astute use of big data to deliver services, says Helen Owens, a senior policy lead at the Department of Prime Minister and Cabinet.

The peak body, Innovation Australia, has added two new international experts to its advisory board, drawing on industry know-how from the US and Israel.