NAB mulls IBM outsourcing deal

NAB mulls IBM outsourcing deal

Summary: The National Australia Bank (NAB) is considering outsourcing some of its IT infrastructure to technology giant IBM.

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in brief National Australia Bank (NAB) is considering outsourcing some of its IT infrastructure to technology giant IBM.

NAB spokesman George Wright told ZDNet Australia today that the bank had been on the market for IT outsourcers, however a final announcement regarding selection had not yet been made.

Wright didn't provide any details on the potential outsourcing arrangement, however, the AustralianIT (which ran the report first) said that NAB's recent IT catastrophe delayed announcement of the deal.

Earlier this year, IBM re-signed a massive deal with Westpac worth approximately $2.3 billion.

Topics: IBM, Banking, Legal, Outage, Outsourcing

Luke Hopewell

About Luke Hopewell

A fresh recruit onto the tech journalism battlefield, Luke Hopewell is eager to see some action. After a tour of duty in the belly of the Telstra beast, he is keen to report big stories on the enterprise beat. Drawing on past experience in radio, print and magazine, he plans to ask all the tough questions you want answered.

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  • From what I've seen over the last 20 years or so, outsourcing has been an unmitigated disaster. The companies that outsource "let go" their most senior experienced employees, and the outsourcing companies employ young inexperienced workers (who don't care a toss about the company they're supporting) and rotate through them quickly.
    Slowly mistakes, misunderstandings, design blunders, and shortcuts creep in.
    A case in point - the South Australian Department of Transport: before outsourcing SA had probably the best roads in Australia, now 20 years later, it has the worst.
    Another example - Australian electricity providers: before outsourcing & privatisation reliable and cheap, now unreliable and expensive due to profit taking and lack of maintenance.
    mcquade181