Commonwealth Bank chief information officer Michael Harte has flagged utility computing as the next frontier in the bank's battle to lower IT costs.
The Commonwealth Bank of Australia is taking a tougher line on underperforming information technology (IT) staff while investing more heavily in star performers, according to one of the CBA's chief information officers.
Commonwealth Bank CEO Ralph Norris today said the bank had cut its technology spend by 6 per cent on last year, and had claimed "first-mover advantage" in its decision to overhaul its core banking systems ahead of other major rivals.
Westpac has announced that long-time Commonwealth Bank of Australia chief information officer Bob McKinnon will join its ranks as its new head of technology, as the bank undertakes a major overhaul of its technology support operation.
Global banking giant HSBC is considering ditching the BlackBerry and adopting Apple's iPhone as its standard staff mobile device, a move that could result in an order for some 200,000 iPhones.
Commonwealth Bank CIO Michael Harte this week publicly pondered popular Web technologies most IT managers must be looking at and asking "how can these make/save me money?"
Banks obviously have an interest in making consumers feel safe. They are there to protect the customers' money. They want customers to use their online services, too, because the channel offers a lower cost per transaction than a branch. But giving away free security software to make customers feel safe is probably doing more harm than good.
Most of Australia's major banks are just beginning massive IT projects which will see them refresh their core banking systems. But as HSBC's Australian CIO Brenton Hush tells ZDNet.com.au, the global bank's local operation is already ahead.
Most major enterprise solutions implemented in the last four to six years have been a let-down, according to management technology consulting firm, Accenture.
The bank's IT head tells of his challenges with ex- CEO and technology opponent, David Murray.
So, your backend systems are showing signs of age? Put down the chequebook; we've found that when it comes to building business apps, many companies are back in the driver's seat.
As it becomes more popular to have applications hosted by an external service provider, what implications does this have for integrating those applications with your other systems? ZDNet Australia investigates.
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