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 plans to end a silo-based approach to IT that has seen the financial services giant's businesses act as up to six different customers when procuring products and services, chief executive Ralph Norris said.
Online banking customers of the Commonwealth Bank will have to answer personal identification questions before making some transactions, following a security upgrade to the service.
The Commonwealth Bank of Australia (CBA) has racked up a $2 billion half-year net profit but its customer service still isn't up to scratch.
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.
Security researchers worked overtime in 2007, which turned out to be a nightmare for software vendors from day one.
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