bank - News, Features, and Slideshows


  • CIO spotlight: Craig Musker of Cigna NZ

    Taking on business and technology challenges for some of the most disrupted industries provided Craig Musker a prime foundation for his current role

    Written by Divina Paredes04 Oct. 18 06:00
  • BNZ card technology reduces fraud

    The Bank of New Zealand says its Liquid Encryption Number (LEN) technology for preventing credit card fraud has been a success since it was first trialled on a limited basis in 2008, with the rate of fraudulent transactions from cloned credit cards in New Zealand down by 50 per cent. It is now in place in all BNZ credit and debit cards.
    The technology works by changing numbers on cards’ magnetic strips every time a transaction takes place, or an account balance is requested at an ATM.

    Written by David Watson22 June 10 22:00
  • ANZ to revamp IT operations

    Australia and New Zealand Banking Group has foreshadowed a sweeping restructure of its A$768 million a year technology operations and management, cherry-picking a senior executive from the beleaguered Bank of Ireland to become its new chief information officer.
    ANZ chief executive Mike Smith said yesterday that the retail institution had hired career technologist Anne Weatherston to head a new technology division within the bank, a move that means responsibility for key systems will be transferred out of its existing operations and shared services group.

    Written by Julian Bajkowski18 Nov. 09 22:00
  • ANZ reveals tech tactics

    Australia and New Zealand Banking Group chairman Charles Goode

    Written by Ben Woodhead17 Dec. 08 22:00
  • ANZ Bank overhauls technology units

    A global restructure under way at Australia and New Zealand Banking Group has brought major changes to the way the company manages its information technology operations.
    The changes have meant the appointment of new general managers within the bank's technology operations, with several more senior positions yet to be filled.

    Written by Chris Jenkins05 Oct. 08 22:00
  • Westpac takes new tech tack

    Westpac Banking Corporation has engineered a dramatic shake-up of its computing and communications division as it prepares for major information technology projects, including a potential high-risk integration with St George Bank and the replacement of its core transactional systems.
    The bank has dumped its business technology solutions and services unit in favour of a standalone technology department and a new products and operations group that will assume the non-technology functions of BTSS.

    Written by Ben Woodhead17 July 08 22:00
  • Commonwealth Bank overhaul taps SAP and Accenture

    Commonwealth Bank of Australia has become the first of the Big Four retail institutions to announce an overhaul of its massive core banking system, opting for a $580 million combined services and software contract over four years with Accenture and SAP.
    The move has significantly accelerated CBA's previously stated position of moving to a technology footing that would allow it to quickly enter new markets including Asia with so-called "white-label" financial services products, either by partnering with or acquiring other institutions.

    Written by Julian Bajkowski29 April 08 22:00
  • ANZ Bank plays catch-up on internet security

    Australia's third-largest retail institution confirmed this week that, from the first half of 2008, it would substantially upgrade its internet banking system for business customers, including small to medium businesses.
    A key feature the bank is considering is so-called "two-factor" authentication, a system where customers are required to enter single-use passwords to log into their account or authorise transactions.

    Written by Renai LeMay19 Feb. 08 22:00
  • Commonwealth Bank work split three ways

    The Commonwealth Bank of Australia has dumped an exclusive legacy technology systems deal with outsourcer EDS in favour of a three-way split between IBM Australia and Indian companies HCL Australia and Tata Consulting Services.
    It is the first time the institution has outsourced work to Indian IT companies that have invested heavily in setting up operations within Australia aimed at securing financial services work.

    Written by Julian Bajkowski19 Dec. 07 22:00