Future of Commonwealth Bank of Australia | Quantumrun

Future of Commonwealth Bank of Australia

The Commonwealth Bank of Australia is an Australian bank that operates globally. It has business activities across the New Zealand, Asia, United Kingdom, Fiji, and the United States. Frequently referred to as the Commonwealth Bank (Commbank or CBA), it offers a variety of financial services including business and institutional banking, funds management, insurance, brokerage services, retail, superannuation, and investment.

Home Country: 
Australia
Industry: 
Banks - Commercial and Savings
Industry vulnerability to disruption: 

<p>Belonging to the financial sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:</p>

<p>*First off, the shrinking cost and increasing computational capacity of artificial intelligence systems will lead to its greater use across a number of applications within the financial world—from AI trading, wealth management, accounting, financial forensics, and more. All regimented or codified tasks and professions will see greater automation, leading to dramatically reduced operating costs and sizeable layoffs of white-collar employees.<br />
*Blockchain technology will be co-opted and integrated into the established banking system, significantly reducing transaction costs and automating complex contract agreements.<br />
*Financial technology (FinTech) companies that operate entirely online and offer specialized and cost-effective services to consumer and business clients will continue to erode the client base of larger institutional banks.<br />
*Physical currency will disappear in much of Asia and Africa first due to each region’s limited exposure to credit card systems and early adoption of internet and mobile payment technologies. Western countries will gradually follow suit. Select financial institutions will act as intermediaries for mobile transactions, but will see increasing competition from tech companies who operate mobile platforms—they will see an opportunity to offer payment and banking services to their mobile users, thereby cutting out traditional banks.<br />
*Growing income inequality throughout the 2020s will lead to an increase in fringe political parties winning elections and encouraging stricter financial regulations.</p>

Ranking List: 
169
Ranking List: 
Quantumrun Global 1000
Ranking List: 
Quantumrun US 500
Ranking List: 
Quantumrun Silicon Valley 100
Market Revenue Country: 
Market country 
Australia
Revenue from country 
0.83
Prod/Serv name revenue: 
Prod/Serv name: 
Retail banking services
Prod/Serv revenue: 
10300000000
Prod/Serv name: 
Business and private banking
Prod/Serv revenue: 
3900000000
Prod/Serv name: 
Institutional banking and markets
Prod/Serv revenue: 
2850000000
Founded: 
1911
Global brand rank: 
186
Company Name: 
Commonwealth Bank of Australia
Sector: 
Revenue: 
24747000000
3y average revenue: 
23575333333
Operating expenses: 
10429000000
3y average expenses: 
9973666667
Company profile data note: 
All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page.
Global employee count: 
45129
Number of domestic locations: 
961
Funds in reserve: 
12909000000
#169 | Quantumrun Global 1000

The Commonwealth Bank of Australia is an Australian bank that operates globally. It has business activities across the New Zealand, Asia, United Kingdom, Fiji, and the United States. Frequently referred to as the Commonwealth Bank (Commbank or CBA), it offers a variety of financial services including business and institutional banking, funds management, insurance, brokerage services, retail, superannuation, and investment.

Home country:
Australia
Sector:
Financials
Industry:
Banks - Commercial and Savings
Founded:
1911
Global employee count:
45,129

Financial Health

Revenue
$24,747,000,000 USD
3y average revenue
$23,575,333,333 USD
Operating expenses
$10,429,000,000 USD
3y average expenses
$9,973,666,667 USD
Funds in reserve
$12,909,000,000 USD
#1 Market country
Australia
% of revenue from country #1
0.83%

Asset Performance

#1 Product/Service/Dept. name
Retail banking services
#1 Product/Service revenue
$10,300,000,000 USD
#2 Product/Service/Dept. name
Business and private banking
#2 Product/Service revenue
$3,900,000,000 USD
#3 Product/Service/Dept. name
Institutional banking and markets
#3 Product/Service revenue
$2,850,000,000 USD

Innovation assets and Pipeline

Global brand rank
186
All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page.

Disruption Vulnerability

Belonging to the financial sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, the shrinking cost and increasing computational capacity of artificial intelligence systems will lead to its greater use across a number of applications within the financial world—from AI trading, wealth management, accounting, financial forensics, and more. All regimented or codified tasks and professions will see greater automation, leading to dramatically reduced operating costs and sizeable layoffs of white-collar employees.

*Blockchain technology will be co-opted and integrated into the established banking system, significantly reducing transaction costs and automating complex contract agreements.

*Financial technology (FinTech) companies that operate entirely online and offer specialized and cost-effective services to consumer and business clients will continue to erode the client base of larger institutional banks.

*Physical currency will disappear in much of Asia and Africa first due to each region’s limited exposure to credit card systems and early adoption of internet and mobile payment technologies. Western countries will gradually follow suit. Select financial institutions will act as intermediaries for mobile transactions, but will see increasing competition from tech companies who operate mobile platforms—they will see an opportunity to offer payment and banking services to their mobile users, thereby cutting out traditional banks.

*Growing income inequality throughout the 2020s will lead to an increase in fringe political parties winning elections and encouraging stricter financial regulations.