Australia's banking IT sector is currently buzzing with speculation that Westpac is planning to migrate its core banking system to the CSC Hogan platform used by its new subsidiary St George.
Westpac's $340 million project to integrate St George's systems was on target, Westpac chief executive Gail Kelly said today, but the bank's financial report warned "unexpected costs relating to the integration of technology platforms" could smother expected benefits.
National Australia Bank took the knife to its long-time chief information officer Michelle Tredenick this week, but was this a reflection of her perceived incompetence or simply a consequence of the manoeuvring at higher levels that seems endemic in Australia's incestuous banking IT community?
Westpac has given itself until 31 March 2009 to come up with a technology integration strategy for St George and hopes to commence systems integration by September next year.
At Westpac's annual earnings announcement today, CEO Gail Kelly picked the bank's technology operation as its most notable 'low light' in a year that saw hundreds of IT staff, including the bank's tech titans, purged and replaced with new blood.
Get an insider's look at the recent history and potential imminent future of the technology operation of Westpac Banking Corporation and its subsidiary St George in the last of our Changing of the guards series examining generational change in the nation's big four banks.
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?
Get an insider's look at the recent history and potential imminent future of Australia and New Zealand Banking Group's technology operation in the third of our Changing of the guards series examining generational change in the nation's big four banks.
Get an insider's look at the recent history and potential imminent future of the National Australia Bank's technology operation in the second of our Changing of the guards series examining generational change in the nation's big four banks.
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