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BRIEF-CBA Announces Partnerships With Square Peg And Zetta Venture Partners

Published 28/07/2020, 11:03 am
CBA
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July 28 (Reuters) - Commonwealth Bank of Australia CBA.AX :

* ANNOUNCES PARTNERSHIPS WITH SQUARE PEG AND ZETTA VENTURE PARTNERS TO SUPPORT NEW BANKING VENTURES IN ARTIFICIAL INTELLIGENCE, DATA AND ANALYTICS

* COMMITS $10 MILLION TO RECENT FUNDS FOR BOTH SQUARE PEG AND ZETTA VENTURE PARTNERS

* CBA WILL DEPOSIT $500 INTO ACCOUNT OF ANY ELIGIBLE BUSINESS LAUNCHED THROUGH BACKR, UNTIL END OF 2020

* MORE THAN 6.1 MILLION CUSTOMERS NOW USING COMMBANK APP, UP 500,000 FROM 5.6 MILLION IN FY19; MORE THAN $1.2 BILLION IS NOW TRANSACTED THROUGH

* SINCE JAN LAUNCH, KLARNA APP DOWNLOADED BY MORE THAN 270,000 AUSTRALIANS AND MORE THAN 80 MERCHANTS LIVE ON PLATFORM Source: https:// Further company coverage: CBA.AX

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