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Displaying items by tag: banking technology

The APAC region Singapore-based cloud native banking technology firm Thought Machine claims there is an “innovation gap” in the Asian banking market and banks which are running on outdated core banking technology and have not upgraded to the latest core banking systems need to do so to remain competitive.

Published in Strategy

Australian secure payments data platform Eftsure has boosted its coffers with a $2.5 million capital raise, with the additional funding to be used to accelerate growth and to meet the demand for its protection platform for the fight against payment fraud, which cost Australian businesses losses of $1 billion in direct costs alone to cybercrime in 2018, including payment fraud.

Published in Security

In the banking and finance industry you have multiple data silos – customer information, transactions, investments, back office systems and more spaghetti. The major cost and time-consuming issue is data integrity.

Published in Enterprise Solutions
Tuesday, 01 September 2015 13:42

ANZ Bank signs $450m agreement with IBM

The ANZ Bank has signed a five-year, $450 million strategic agreement with IBM which provides the bank with access to IBM’s entire software portfolio, an Innovation Lab, next generation cloud development capabilities and core systems infrastructure.

Published in Deals

Australia's big four could lose up to 30% of their business to non-bank Internet operators, predicts a leg investment bank.

Online accounting software company Xero has released its next-generation banking model in the Australian market following on from a joint initiative with the Commonwealth Bank’s New Zealand subsidiary, ASB Bank.

Published in Accounting Software
Tuesday, 04 February 2014 17:59

Open systems the key to customer service in banking

Indian software giant HCL has teamed up with US IT services company CSC to develop banking systems for the cloud. The partnership is intended to allow the two companies to build more responsive and customer oriented systems.

Published in Cloud Services
Tagged under
Thursday, 28 November 2013 07:29

ANZ banks on a mobile future

ANZ Bank showed off its new technology yesterday – what it has now and what it is planning. It’s mobility everywhere.

Thursday, 19 September 2013 06:58

Finacle reaches the pinnacle

Indian tech giant Infosys has announced a new version of its Finacle banking software. iTWire spoke to the head of the development team of what has been described as the world's best core banking system.

Monday, 05 November 2012 12:02

Oracle banking system gets a SWIFT tick

Oracle's FLEXCUBE Universal Banking 12.0 is certified to be compliant with the SWIFT interbank payments standards.

Thursday, 19 April 2012 16:35

Commbank's core tech protects jobs

Technology is one of the three pillars holding up the long term strategy of the Commonwealth Bank, according to the chief executive officer Ian Narev - and it, coupled with the productivity benefits that it underpins, means there's 'no need to send jobs overseas'.

Thursday, 05 April 2012 11:01

Apple rules limit innovation

Recently minted financial services business ClearView had wanted to put a link to its website on its recently released mobile app. But Apple, which hosts the app on iTunes, wanted to take a clip of the ticket on any insurance that was then sold.

Published in Networking
Wednesday, 21 March 2012 14:41

Banks circle their customers

For the coming two years mobility and analytics will be among the dominant technology themes exercising the imagination of Australian financial institutions.

Monday, 19 March 2012 19:09

Commbank sketches mobile future

More than 120,000 people have now downloaded the Commonwealth Bank's Kaching iPhone payments app - but it's still not saying how many people have forked out the $54.95 for the iCarte case which allows Kaching users to make contactless payments.

Published in Networking
Thursday, 08 March 2012 18:22

Commbank shoots for six minute failure

The Commonwealth Bank is aiming for downtime of less than six minutes of downtime a year on its critical computer systems - but acknowledges that there is a high price to be paid for that level of systems reliability, and it isn't always achieved.

Wednesday, 29 February 2012 15:23

CBA and NAB battle crashes

The Commonwealth Bank has endured an embarrassing collapse of its ATM and Eftpos network, and while the bank was claiming it was fixed by 8.30am today, major retailers were still making customers sign for Eftpos purchases early this afternoon with transactions not appearing in online statements. NAB has also had one of its major processing platforms collapse today.

Thursday, 23 February 2012 18:13

Big data is the new black

Big data is going to prove the next major frontier for ICT researchers who stand poised on the 'cusp of a new age of wonder' according to Hugh Durrant-Whyte, chief executive of NICTA. The national research organisation is currently refining a tool, called Scoobi, now being tested by a range of organisations, including eBay, which allows rapid analysis of massive collections of distributed data.

Published in Development
Wednesday, 15 February 2012 17:17

CBA core complete by Christmas

The Commonwealth Bank, which today announced a record $3.6 billion half year profit, is on track to complete its $1.1 billion core systems revamp by December.

Monday, 13 February 2012 19:31

ANZ casts technology as jobs' bogeyman

Technology and its resultant automation have been cast as the jobs' bogeyman by regional banking giant ANZ which today announced 1,000 Australian jobs were being axed, and warned that more could follow as a result of further automation.

Friday, 10 February 2012 14:31

Friday freezes NAB funds

There's never a good time for bank networks to crash - but Friday, when people are shopping or cashing up for the weekend is about the worst. National Australia Bank was today at full tilt to fix its latest computer headache which saw customers unable to use the ATM or Eftpos network for much of the day.

Published in Networking
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