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CommBank establishes Technology Hub at Lot Fourteen

Posted February 1, 2022

CommBank will be the first tenant in Lot Fourteen’s Entrepreneur and Innovation Centre, announcing today they will establish a Technology Hub in South Australia.

Creating 150 technology specialist roles within five years, the Technology Hub will employ and train skilled technology staff, including software engineers, data scientists and cyber security specialists.

As South Australia’s global reputation for hi-tech, health innovation and entrepreneurship continue to attract multinational companies to the state, CBA believes Adelaide has the ingredients to be a major centre for technological innovation, collaboration and will help Australia advance towards becoming a more digital economy.

Premier of South Australia, Steven Marshall, says the hi-tech sector is going gangbusters in South Australia, with a reputation that is now recognised around the world by global brands.

“I know I’ve said it before, but I’ll continue to keep saying it – SA is unreservedly the hi-tech state,” Premier Marshall said.

“We are delighted to welcome Commonwealth Bank setting up a Technology Hub at Lot Fourteen and creating 150 local jobs in our state.

“Lot Fourteen has turned into a beacon for global and leading Australian companies.  Commonwealth Bank is joining the likes of Microsoft Azure, Google Cloud, Amazon Web Services, the Australian Institute for Machine Learning and LVX Global.

“South Australia’s reputation for building a hi-tech ecosystem that connects global companies with some of the best in artificial intelligence, machine learning, data analytics and cyber security has created an enviable innovation environment, and it’s my intention to grow this even further.”

Minister for Trade and Investment, Stephen Patterson said the Technology Hub will be amongst some of the best companies and organisations in the world.

“South Australia is home to some of the world’s most innovative companies that are utilising industry powerhouses such as the MIT bigdata Living Lab, the Australian Institute for Machine Learning, the Australian Cyber Collaboration Centre and the Australian Space Agency,” Minister Patterson said.

“This Technology Hub will share in this innovation network, collaborating, sharing ideas and learning from others in similar roles and Lot Fourteen is the perfect location for this to occur. It is a world-class innovation district with a curated, collaborative research and business ecosystem dedicated to driving productivity and solving complex global challenges.”

Commonwealth Bank’s CIO for Technology, Brendan Hopper, says South Australia and Lot Fourteen will complement the bank’s technology expertise.

“CBA is excited about the focus on technology, innovation and entrepreneurship in South Australia. South Australia’s focus on artificial intelligence, data and cyber security are particularly aligned with the skills we see CBA and Australia needing to develop as we move towards a more digital economy,” Mr Hopper said.

“We believe that the collaborative environment at Lot Fourteen has incredible potential to encourage innovation and spark inspiration between different teams, organisations and sectors – in one location.”

The Technology Hub will provide career development and innovation for new entrants to the technology sector through CBA’s graduate, intern and technology associates programs, as well as providing the opportunity to reskill people who are already in the ever-changing technology sector.

CBA will be established at Lot Fourteen by the end of 2022 and will occupy a whole floor in the newly refurbished Eleanor Harrald Building until 2024 when they will move to the EIC.

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