In the wake of the confirmed AU$18.6 billion merger between Westpac and St George Bank, observers have forecast that the IT hangover from the deal could take at least three years to wear off, but in the process the merged banking entity will become one of the largest IT shops in Australia.
St George has formally appointed its current acting IT head, Paul Newham, to take the CIO reins full time just as the company gears up for a merger with Westpac and the ensuing IT hangover.
Westpac has announced that long-time Commonwealth Bank of Australia chief information officer Bob McKinnon will join its ranks as its new head of technology, as the bank undertakes a major overhaul of its technology support operation.
Technology analysts have given Westpac CEO Gail Kelly the thumbs up for purging old blood from the bank and are not surprised by ex-CommBank CIO Bob McKinnon's appointment.
Australia's major banks will continue to pursue huge technology projects that will fuel local IT spending for the next few years despite the global financial crisis, according to a leading local analyst.
The next time you're buying antivirus software, don't go direct to Symantec or McAfee. Don't download free antivirus. And definitely don't see Harvey Norman. Ask your bank they're quite literally giving the stuff away.
The Commonwealth Bank stands alone as the only top tier bank in Australia with its sights on biometrics as a means to improve security for its customers -- but critics say the technology is still too young.
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?
Security weaknesses in Microsoft's server and browser software are taking their toll on Australian Internet banking sites.
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.
Will Suncorp chief information officer Jeff Smith stick around if the bank's rapid decline in value due to the credit crisis lead to a fire sale of several of its key divisions?
Phishing scams work on an embarrasingly low percentage of users -- but apparently that's enough to keep them profitable.
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