CBA Broadens Its Digital Strategy
The bank is hoping its fresh plan will bring them closer to the customer.
By Terry Christodoulou
Thu, May 27, 2021 1:01pm
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The Commonwealth Bank of Australia (CBA) will be the first big four bank to allow customers to view account information from rival banks within its app – adding functionality to its digital offering.
“We aim to be the most trusted partner at the centre of our customers’ financial lives by saving them money, giving them more control over their finances, and by making banking simpler and easier,” said CBA CEO Matt Comyn.
The move increases the bank’s usage of the ‘consumer data right’.
Further, the bank aims to increase its use of data and disruptive tech-focused business to improve its digital offering to the customer.
“We are integrating new services into our platform to customise and personalise the digital experience in ways that will increase engagement and bring greater value to our customers,” added Mr Comyn.
The statement is made evident through CBA’s 25% shareholding in Amber, a new energy retailer providing direct access to wholesale energy prices for a monthly subscription of $15.
Consumer data right will soon be extended from banking to energy and Amber will provide CBA with relevant consumer behaviour when buying energy.
“Purchasing a home is a time when customers look for ways to save money, and electricity is a large expense in a household budget. Our partnership with Amber will help to differentiate our home buying proposition …”
Also announced today is a 23% shareholding in Little Birdie, an online shopping start-up designed to help customers find deals online.
“Deals and offers, integrated with CBA’s goal savings products, will help customers save for a special purchase in a completely different way.”
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PSB Academy currently hosts over 20,000 students each year and offers certification, diploma and degree courses.
Rachel Zegler and Gal Gadot star in an awkward live-action attempt to modernize the 1937 animated classic.
PSB Academy currently hosts over 20,000 students each year and offers certification, diploma and degree courses.
By P.R. VENKAT
Thu, Mar 20, 2025 < 1 min
< 1 minU.K.-listed Intermediate Capital Group plans to sell one of Singapore’s largest independent tertiary education institutions, which could be valued at as much as 700 million Singapore dollars, equivalent to US$526 million, people familiar with the situation said.
The alternative asset management company, which acquired PSB Academy in 2018, is working with corporate advisory firm Rippledot Capital Advisers to explore options, the people said.
ICG and Rippledot declined to comment.
The U.K.-based company, which has $107.0 billion in assets under management as of the end of 2024, acquired PSB Academy from Baring Private Equity Asia for an undisclosed price.
Set up in 1964, PSB Academy currently hosts over 20,000 students each year and offers certification, diploma and degree courses. It has operations across Asia, including Indonesia, China and Sri Lanka.
The Asian education sector has become increasingly attractive to private-equity firms and strategic investors due to rapid urbanization and a fast-growing middle class that can now afford higher education for their children.
In 2021, private-equity firm KKR invested in EQuest Education Group, Vietnam’s largest private education institution. A year before, China Maple Leaf Educational Systems paid S$730.0 million to buy Canadian International School in Singapore.
