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.
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.
ING Australia has selected David Connaughton, a former IBM business process specialist, as its head of strategy and project management.
Optus is decommissioning its Nortel-powered hosted VoIP Centrex offering in favour of a new voice module delivered over its next-generation Evolve network.
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.
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 been leaning on suppliers and re-evaluating its technology projects as it attempts to cut costs.
St George Bank has renewed its five-year, AU$100 million contract with Optus for its communications services including voice, data and mobile.
The problem with open source software is a lack of understanding, not a lack of support, according to a Novell executive who hit back at the CIOs from some of Australia's top government agencies.
St George is joining the ranks of financial institutions taking up two-factor transaction authentication to protect its customers from fraud.
SMS-delivered two-factor authentication will be dead in three years, according to National Australia Bank's general manager of technology, risk and security, Gary Blair.
HCL Technologies has signed a wide-ranging deal with financial services software vendor Misys that will see the Indian outsourcer make further inroads into Australia's banking sector.
SMS-based two factor authentication has been touted as a way of improving online banking security but Westpac's head of information security disagrees.
The Department of Defence has massive ICT problems and pays poorly ... do you want to be its chief information officer?
Newly appointed St George CIO Peter Clare has begun to wield the axe with three redundancies as part of the restructuring of the bank's technology operations.
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