Most Commonwealth Bank customers will see real-time banking next year as the bank's main products are switched over onto its new core banking platform.
Commonwealth Bank of Australia has topped up its core banking war chest with a further $150 million aimed at bulking up analytical, risk and financial management systems, as well as extending its new platform to subsidiaries.
The Commonwealth Bank of Australia has initiated a review of major IT licensing contracts held by Bankwest as it takes the first steps into integrating the technology systems of its new subsidiaries Bankwest and St Andrew's.
CommBank subsidiary Bankwest has confirmed, like other large organisations, it too has recently made changes to its IT contractor rates.
Commonwealth Bank of Australia subsidiary Bankwest today confirmed it would cut at least "a handful" of IT staff as part of a wider cull that has also seen the bank refrain from hiring an additional 50 IT contractors over the past few months.
Will Suncorp chief information officer Jeff Smith stick around if the bank's rapid decline in value due to the credit crisis leads to a fire sale of several of its key divisions?
The motivation for money laundering is greed, and the common gateway is the Internet. How do Australian banks use technology to fight this phantom menace? ZDNet Australia investigates.
Australian businesses need to make IT leaders part of the executive team to drive business strategy, according to one leading CIO.
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