The Australian 7-Eleven convenience chain is looking to Australia and New Zealand Banking Group for a new electronic funds transfer (EFT) system for its 386 stores, replacing its previous in-house system.
Shadow Communications Minister Nick Minchin has demanded the government prove that Treasury Secretary Dr Ken Henry advised it to go ahead with the $43 billion National Broadband Network project.
Australia and New Zealand Banking Group's technology costs rose $16 million over the past year, according to documents released this week, largely due IT contractors hired to upgrade its risk management systems.
Indian outsourcing companies are likely to be affected by the economic downturn in the US, an Indian trade body has warned.
Australia's central bank has criticised the nation's four largest commercial banks for shirking on investments in payment systems technology, resulting in a lack of innovation and neglect of systems like EFTPOS.
This week the Australian online banking system was tested by an agent of KAOS Kevin Rudd and his $10 billion dollar fiscal package that, as Agent 86 would say, "missed it by that much" on knocking out the banking system.
Business continuity and disaster planning might seem hypothetical at times, but the finance sector is taking the threat of Avian (bird) flu, which has claimed many lives in Asia, very seriously.
Federal finance minister Lindsay Tanner says the government will beef up the independence of the Future Fund to remove doubt over its ability to make its own decisions, particularly on Telstra.
For the Reserve Bank of Australia, every minute of downtime could potentially cost more than AU$40 million. But even with a business case on that scale, it still took three tries before it got an effective systems management strategy in place.
Telstra is determined to create new sources of revenue by investing in new IP infrastructure and building managed offerings around the integration of infrastructure and services. This means turning the company into a new kind of business -- with major implications for the whole economy.
Leading Australian companies HCF, ANZ Bank, Westpac and St George share their ups and downs with the mighty mainframe in this special report.
Open source is actually anti-industry, and protecting it is not in Australia's interests, says one industry observer. Additional reading: Why one Norwegian city switched to Linux
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