Contractors upsize ANZ's IT bill
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.
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NAB, union discuss Satyam IT work
The National Australia Bank yesterday met union representatives to discuss the future of IT staff who might still be needed at the bank following its decision to suspend work with Indian IT outsourcer Satyam.
RBA criticises payments innovation
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.
Macquarie Bank launches new internet platform
Macquarie Bank has teamed up with finance news aggregator Wotnews to deliver a new retail online trading platform.
Bank of India is hacked and dangerous
Security experts are warning Bank of India customers to steer clear of its official Web site because it is serving up several information-stealing Trojans.
Australia safe from NZ banking code: ABA
The Australian Bankers Association says it won't be following New Zealand's lead after its Kiwi peer opted to make users of online banking held liable for Internet fraud.Earlier this month, The New Zealand Banking Association introduced its 2007 Banking Code of Practice, which leaves customers potentially liable for losses when cheated of their funds by online fraudsters.
Australia's banks get IT transfusion
National Australia Bank took the knife to its long-time chief information officer Michelle Tredenick this week, but was this a reflection of her perceived incompetence or simply a consequence of the manoeuvring at higher levels that seems endemic in Australia's incestuous banking IT community?
CommBank slashes IT spend again
Commonwealth Bank of Australia today revealed its technology costs had continued to fall, down $30 million from the previous half-year to $380 million.
Oakton reviews ERP business
Following a disappointing half-year result, ASX-listed IT consultancy Oakton has put its enterprise resource planning (ERP) business under a microscope.
Bankwest sheds Unisys stake
Local bank Bankwest has sold back to Unisys the 49 per cent stake it held in Unisys West, a Perth-based IT outsourcing company jointly owned by the pair.