Tata Consultancy Services (TCS) has snagged work on the Commonwealth Bank's core banking system replacement project, but a spokesperson for the bank today insisted Indian outsourcing firm was not a key partner like SAP or Accenture.
CommBank chief information officer Michael Harte claims that finding skilled staff for the bank's core banking system upgrade is a difficult task despite the recent spate of ICT redundancies.
Commonwealth Bank of Australia today revealed its technology costs had continued to fall, down $30 million from the previous half-year to $380 million.
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.
Citing a slow down in financial services, IT outsourcing firm Tata Consultancy Services has chopped 15 SAP specialists from its Australian financial services division.
Has Australia entered a new era of mature engagement when setting requirements for outsourcing deals? Should Australian banks create regional IT hubs rather than offshore? And what could have happened to drain Adelaide's Torrens River weir? All these questions and more are answered in Patch Monday.
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.
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?
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.
The chief information officer of Healthscope tells us why, despite a stakeholder bent for an SAP or Oracle supply chain and financial system, the Australian healthcare giant opted for Queensland-based vendor Technology One instead.
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