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Australia's largest bank to spend $5B on technology - Daily Fintech
As a fintech, how do you compete with an incumbent’s AUD $5B war chest, specifically set aside for technology innovation? It’s a question a number of Australian fintechs and neobanks will be grappling with this week, after CBA, Australia’s largest bank, announced it is doubling down with its billions, in order to cement and entrench …