Westpac has outed plans to use the new Bank of Melbourne as its guinea pig for new banking technology.
Bob McKinnon (Credit: Westpac)
Westpac today confirmed a report from The Australian Financial Review, which had quoted Westpac chief information officer (CIO) Bob McKinnon as saying that the Bank of Melbourne will receive an updated version of the Hogan core banking system, with the subsidiary playing the role of front-runner for Westpac's core banking technology.
McKinnon said that once the Hogan system had been successfully deployed within Westpac's subsidiary businesses, including St George and the Bank of Melbourne, it would start the job of implementing it within the main bank.
The Bank of Melbourne is set to launch in August, with St George branches in Victoria set to take on the new brand. Westpac told ZDNet Australia today in a statement that the technology needs to be ready by day one.
Westpac had chosen to delay the deployment of the Hogan core last October in favour of refreshing customer-centric systems, including a new internet banking platform. It has also concentrated on the construction of two new datacentres.