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CBA: Announced the appointment of two strategic partners
- Appointment of two strategic partners to help deliver new digital banking services to the Group’s 15 million retail and business customers
- The new partnerships coincide with the announcement of X15 Ventures’ fourth new venture, Backr
- CBA has committed US$10 million to the most recent funds for both Square Peg and Zetta Venture Partnersb
- To support the sourcing, scaling and financing of local fintechs, as well as the development of emerging artificial intelligence businesses in Australia
- CBA’s X15 has also announced its fourth new venture, Backr, which offers a digital, task-based approach to starting a small business
- CBA has also provided an update on its partnership with Klarna, one of the world’s biggest digital payments providers
