The National Australia Bank will approach the overhaul of its core banking systems cautiously over the next year, spending just $30 million on the Oracle-based first stage of the project, the bank's chief information officer Michelle Tredenick said today.
Financial services company Aviva Australia has revealed it is in the midst of an extensive back office technology consolidation project, with Oracle software taking centre stage as a number of other platforms are eliminated.
Linux, having just won the fight for mainstream respectability, has moved to a challenge that's less glamorous but just as important: making itself attractive to the information technology industry.
National Australia Bank this morning said it was in discussions to buy the local arm of Dutch investment bank ABN AMRO, in a move that could enlarge NAB's IT support operation, already one of the largest in Australia.
Banking and insurance giant Suncorp Group's group executive of IT Hemant Kogekar will leave the company next month as a management reshuffle sees the IT function lumped in with other departments.
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