X15ventures

X15ventures is a wholly-owned subsidiary of CBA, with funding allocated from the CBA's $1 billion annual tech investment envelope. X15Ventures has its own delivery model, and a "dedicated" management team. X15ventures claims that it works closely with international businesses including Microsoft, KPMG, in order to offer ongoing expertise and suppor... t for "digital innovators. The CBA venture building organization is focused on developing the "next generation" of solutions for its 15 million customers by "unlocking new value from CommBank's assets through partnership with the tech and innovation community." As reported in July 2020, X15Ventures had introduced an app for SMEs that helps them with launching their operations. There was also a cash incentive that had been offered to firms that will use the app to start their business. The CBA confirmed (earlier this year) that X15Ventures had officially launched its fourth venture, called Backr. The Backr app aims to provide a digital, task-oriented approach for small businesses that are looking to launch their operations and will guide new business owners through the process with easy-to-follow steps.Read More