Westpac

296 results about this entity

Period: 26 Nov 2004 - 31 Jul 2024

CBA extends core banking deadline by one year as costs skyrocket

Commonwealth Bank of Australia has extended its core banking tech modernisation programme by a year, and upped spending on the project to $1.1 billion, almost double its original estimates of $580 million.

Westpac renews IBM outsourcing deal

IBM has extended its IT infrastructure deal with Australian giant Westpac for a further five years, quashing speculation that the bank was preparing to reverse away from mega-outsourcing contracts in favour of tactical best-of-breed arrangements.

WestPac and ANZ tap the cloud for testing

Australian banks ANZ and WestPac are both tapping cloud technology for the testing and development of new software.

Westpac delays core banking migration by four years

Australian banking giant Westpac has set back by four year the timetable for migration of its core banking platform to the Hogan system used by its subsidiary St George as it strives to make sense of its sprawling IT estate.

Westpac taps Fiserv for online overhaul

Australia's Westpac has selected technology from US vendor Fiserv for an overhaul of its retail, business and corporate online services.

First Direct falls foul of Twitter hack

First Direct's love affair with social media took a cold bath last night when the UK online bank's Twitter account was hacked and used to send pornographic messages to followers.

'Oh so very over it today' tweets Westpac

With many banks still wary of social media, Australia's Westpac provided an example of the potential pitfalls today when an employee accidentally posted a self-pitying tweet using the firm's official account, prompting scorn from followers.

Westpac appoints Hanlon to head productivity push; updates tech strategy

Westpac has appointed retail and business banking chief Peter Hanlon as group executive for people and transformation with responsibility for modernising the Australian bank's technology and streamlining processes for customers.

Westpac and Hypercom ink $50m payment terminal contract

Australia's Westpac has signed a five year, US$50 million contract with Hypercom for the provision and maintenance of thousands of payment terminals.

IBM looks on as Westpac's Kelly says mega outsourcing trend is shifting

Westpac CEO Gail Kelly has broadly hinted that the bank is unlikely to renew its decade-long IT outsourcing deal with IBM, as banks move away from all-in-one mega deals to more tactical best-of-breed outsourcing arrangements.

Visa blinks first in NZ interchange case

Visa is to adjust its interchange rules in New Zealand and pay NZ$2.6 million to the country's competition authority to settle a two-year old civil suit brought against the card scheme. Anti-trust claims against MasterCard and six banks remain outstanding and will be heard at the High Court in Auckland in October this year.

NZ couple on the lam after Westpac mistakenly gives them NZ$10m

New Zealand police and Interpol are hunting a couple who are believed to have fled the country after Westpac mistakenly deposited NZ$10 million into their bank account.