As part of a 10-year AU$480 million deal with outsourcing giant EDS, the Bank of Queensland has agreed to adopt the Fiserv data processing and information management software systems.
It's hip to focus on outsourcing during an economic slowdown. But this tune isn't for everyone. Industry pundits say businesses are eager to outsource costly IT operations to service providers and data-centre experts.
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.
The Bank of Queensland is in the midst of a $480 million outsourcing partnership with EDS which has seen the bank's profits double in the last three years.
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