The Australia and New Zealand Banking group has committed money to re-skill its employees affected by offshoring jobs to the technology and operations centre in Bangalore, India.
Australia and New Zealand Banking Group chief executive Mike Smith said today he'd look to harbour more of its operations offshore in the future as he also discussed details of the bank's beefed up technology spend.
National Australia Bank has dismissed as "incorrect" rumours that technology services giant Accenture was making a pitch to replace disgraced Indian competitor Satyam in the bank's operations.
The National Australia Bank yesterday met union representatives to discuss the future of IT staff who might still be needed at the bank following its decision to suspend work with Indian IT outsourcer Satyam.
Australia and New Zealand Banking Group today said it had continued to expand its Indian offshoring operation over the past six months, a move that came in the context of rising technology costs across the board.
The question on the lips of most CIOs is no longer whether to send work offshore. It's a question of how much to send.
Ten years ago they were the young turks of Australia's business community; radical free-thinkers on the path to fame and riches. Shortly after, all those dreams came crashing down. But where are Australia's first dotcom moguls today, and what are they up to?
Get an insider's look at the recent history and potential imminent future of the National Australia Bank's technology operation in the second of our Changing of the guards series examining generational change in the nation's big four banks.
Get an insider's look at the recent history and potential imminent future of Australia and New Zealand Banking Group's technology operation in the third of our Changing of the guards series examining generational change in the nation's big four banks.
Australian research shows that the tightening of IT budgets from the economic downturn, and mounting evidence that virtual desktops are more expensive than well-managed full desktops, will dampen enthusiasm for this technology in 2009.
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