It will also create a suite of data-driven products to support and, where possible, automate decision-making to help institutions move from insight to action with unprecedented speed and accuracy.
Andrew Hinchliff, CBA’s Group Executive of Institutional Banking and Markets, said CommBank iQ will help Australia’s leading institutions drive the nation’s economic recovery and transition.
“As Australia’s biggest bank, we see more transactions than any other institution in the country.
“By working in partnership with Quantium, we can harness the power of this peerless dataset to help Australian governments, businesses, investors and NGOs predict and adapt to the changing needs and wants of their customers.
“In short, CommBank iQ will help Australian institutions become more customer centric and better able to quickly identify and respond to both complex problems and significant growth opportunities,” Mr Hinchliff said.