After launching the IdeaBank Future of Banking competition, the Commonwealth Bank has announced the first winning idea of making printed receipts an idea of the past.
Being awarded this honour of winning this award has provided entrant Andrew Dane with $10,000 and an exclusive innovation experience at the Commonwealth Bank Headquarters in Sydney.
The Commonwealth Bank IdeaBank is an idea generation site for its online community which allows customers and any budding inventors to collaborate on new ideas and let their creative sides show to shape the future in banking. IdeaBank allows visitors to come up with suggestions and post ideas that are able to revolutionalise the way customers bank. The most popular ideas are brought to the Bank’s attention for the potential for future implementation.
In order to celebrate the Commonwealth Banks centenary, the IdeaBank was launched in December last year with the theme of Future of Banking to commemorate the milestone.
Andrew Dane’s winning idea is aimed at enabling people to store, view and print receipts electronically. He describes his amazing idea further, “We don’t always need receipts for purchases, however the important ones we do need to retain are always the ones we lose!”
Chief Marketing and Online Officer of Commonwealth Bank shares his enthusiasm at the announcement of the winner, “We’re incredibly excited about Andrew’s idea, and it shares similarities with several initiatives which we are already investigating.” This innovative idea fits in with Commonwealth Bank’s goal to maintain its technologically advanced financial services and to “ constantly [evolve] new technology to empower our customers.”
Although the Future of Banking promotion is closed, the Commonwealth Bank IdeaBank will be back, bigger and better than ever in 2012. To keep updated click here.