The Commonwealth Bank of Australia today said it would merge BankWest's technology platforms with its own as part of its planned $2.1 billion acquisition of the Western Australian bank.
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.
The National Australia Bank's decision unveiled today to overhaul its core banking systems was fraught with risk but necessary for a sector now seen as lagging technologically, according to local IT analysts.
National Australia Bank (NAB) is testing Windows 7 to assess its viability for an upgrade from Windows XP, which it finished migrating to last year.
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.
Get an insider's look at Commonwealth Bank of Australia's technology operation with chief information officer Michael Harte in the first of our Changing of the guards series examining generational change in the nation's big four banks.
It is quickly becoming the norm for Australia's largest banks to offer discounts on or completely free computer security software to boost internet banking security. The question is, why?
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