After it was revealed yesterday that the Bank of Queensland's (BoQ) senior ICT executive, Iain Blacklaw, had jumped ship for an overseas offer, the bank is remaining tight-lipped on who will step into his shoes.
In the wake of the confirmed AU$18.6 billion merger between Westpac and St George Bank, observers have forecast that the IT hangover from the deal could take at least three years to wear off, but in the process the merged banking entity will become one of the largest IT shops in Australia.
Phishers keen on relieving Westpac customers of their online banking details are exploiting the "hardware problems" which have been cited by Australia's fourth largest bank to explain outages.
Australia's largest bank, the National Australia Bank, is today bearing the scars of a vicious lashing from prudential regulators.
The Commonwealth Bank of Australia (CBA) has released its half-yearly results reporting that greater spending on its investments at large has been offset by a reduction in its IT costs.
In the Australian market, banks are the archetypal large IT customer: they've got lots of technology of differing vintages, have to spend a fortune on services to stitch it all together, and are also obliged to meet a super-strict regulatory regime which would make most lesser enterprises quake in their virtualised boots.
Australian businesses need to make IT leaders part of the executive team to drive business strategy, according to one leading CIO.
The CIO must act as the link between IT and the wider strategy of the business, and not get too bogged down in technology alone.
IT chiefs at financial services organisations should encourage staff to take greater control of business decisions, says JP Rangaswami, global CIO at Dresdner Kleinwort Wasserstein.
Some high-profile IT disasters have made boards of directors highly sensitive to risky IT rollouts. We look at how IT affects the bottom line, and how CIOs can progress with IT projects while avoiding disastrous implementations.
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