• Free CIO-level whitepapers



    [ad] Check out these whitepapers published by IDC and HP to help you make tough decisions about your IT environment.

    Leveraging the Always On support experience for IT transformation: This IDC whitepaper outlines the importance of support services in IT environments. IT organisations are now required to support everything from legacy systems and storage to virtualised configurations and cloud-based computing in complex, heterogeneous environments. The increasingly critical role of vendor-supplied external support services is discussed and highlighted in addressing these emerging IT environments going forward.

    Conquering the challenges of data center complexity: Virtualisation and cloud are two popular IT trends that lower costs and make computing more secure and efficient. However, they also add complexity. Read this thought leadership paper and learn new ways to conquer your data center complexity challenges.

  • Great articles on other sites
  • RSS Delicious/delimiterau


  • Save $200 on HP ProLiant Servers


    [ad] The HP ProLiant ML110 G7 is the ideal server for a growing business. These servers are preinstalled with Microsoft SBS 2011 Standard Edition so you can hit the ground running. Grab this coupon and save $200 each on each server, up to a value of $1,000 per company.

  • 5 months FREE on phone system rental



    [ad] Rent a new phone system and connect your phone lines with Commander to receive 5 months rent free. Why rent with Commander?

    -Tailored complete solutions
    -Great offers from leading phone system brands
    -Rental & communication on a single bill
    -Renting systems conserves cash flow

    Hurry – act before 30 June!

  • HTC One X launch special


    [ad] Vodafone has launched HTC's new flagship One X phone in Australia with a launch special of up to two months' free access fees -- a total saving of up to $118 off. The One X is available starting at zero dollars upfront on a $59 a month plan. Click here to check out the details.
  • News - Written by on Wednesday, August 11, 2010 14:48 - 0 Comments

    CommBank IT spend blows out past $1 billion

    The Commonwealth Bank of Australia’s technology spend rose 12 percent over the past financial year to shoot past the $1 billion mark, with spending in almost all technology areas increasing and the bank as yet providing no explanation of the rise.

    In its annual results briefing pack today, the bank revealed its total IT services spend over the year to 30 June had risen to 1,029 million — up from $921 million the year before.

    Costs in the areas of application maintenance and development, data processing and communications services all rose, as well as the cost of amortising software assets and IT equipment depreciation. The only bright spot was the cost of desktop services, which shrank slightly.

    Bank spokespeople have not yet responded to a request for comment on the rises, and the bank provided little explanation of where they came from. CBA’s IT operations are led by chief information officer Michael Harte.

    However, CommBank is still in the midst of its core banking modernisation project and is also enmeshed in integrating BankWest’s systems into its own.

    The project was initiated in April 2008 as a four-year, $580 million initiative to overhaul the bank’s ageing legacy systems with the aid of Accenture and SAP. In August last year, CBA tipped another $150 million into its budget to bulk up some sub-systems, as well as extending the platform to subsidiary organisations.

    In its presentation today, the bank said the core banking modernisation project was “on track and delivering”, with all customer information migrated onto the platform, as well as its more than one million term deposits.

    It is planning to shift its retail deposit accounts onto the new platform by the end of 2010, and its lending deposits by mid-2012. After that it will integrated the operations of BankWest and ASB in New Zealand onto the new core banking system.

    Harte has recently been attempting to publicly drive a strategy of inter-bank cooperation in an attempt to force powerful vendors into changing their attitude towards cloud computing — a technology which has the potential to offer organisations a chance to take costs out of their IT infrastructure spend and make their delivery arrangements more flexible.

    Image credit: megawatts86, Creative Commons

    Related posts:

    1. Oh dear: CommBank CIO’s divided heart
    2. CommBank CIO attempts to break vendor choke
    3. CommBank ads to pimp core banking overhaul
    4. Core banking overhaul is a false dichotomy
    5. CommBank unveils Android app
    submit to reddit Print Friendly and PDF

    Leave a Comment

    Comment

    Get our daily newsletter

    Get our new articles every day by signing up to our daily newsletter.

    Email address:



  • Anonymous tips

    Got some inside information on something that should be made public? Use our anonymous tips form. Even Delimiter won't have a clue as to your real identity.

  • Most Popular Content


  • Three lessons ING's private cloud teaches us
    sponsored post ING Direct recently implemented a private cloud solution to virtualise its entire banking platform, allowing it to provision a new copy of itself -- a so-called 'bank in a box' -- within minutes. Here's three things other organisations can learn from this interesting deployment.
  • Enterprise IT news & views

    • SAP’s SuccessFactors deploys Aussie datacentre successfactors

      SAP subsidiary SuccessFactors has opened a datacentre located in Australia from which it will sell its software as a service-based human resource management and business execution software to local customers, in one of the first known deployments of such dedicated Australian infrastructure by a global SaaS vendor.

    • Govt pushes ahead with cloud-sharing approach clouds1

      The Federal Government today revealed a standardised approach to sharing computing workloads between agencies, in a so-called ‘community cloud’ strategy that will attempt to leverage existing infrastructure operated by major departments such as the Department of Human Services to provide services to smaller agencies.

    • The ABC didn’t sack Bitcoin miner dollar-coin

      The Australian Broadcasting Corporation didn’t fire an un-named IT worker who attempted to use the broadcaster’s vast server infrastructure to make himself a fortune through the Bitcoin virtual currency system, it has emerged, with the employee merely being disciplined and having their access to certain IT systems restricted.

    • Victoria dumps HealthSMART e-health project pills-2

      The Victorian State Government has reportedly decided to walk away from its troubled central electronic health project HealthSMART, which has reached only a limited number of its goals over the past decade since it was initiated, despite soaking up several hundred million dollars worth of government funding.

    • HP completes giant new NSW datacentre 1

      Global technology giant HP has finished building its colossal $119 million new datacentre in Western Sydney and will launch the “world-class” facility next month, with a speech slated to be given by Communications Minister Stephen Conroy.

    • Microsoft beats Salesforce to utility CRM deal microsoft1

      Energy retailer Australian Power & Gas has picked Microsoft’s Dynamics CRM system over rivals Salesforce.com and Right CRM as the base platform for a customer relationship management overhaul to tackle incoming email complaints.

    • NSW finalises colossal datacentre consolidation cableguy

      The New South Wales State Government this week announced the Leighton subsidiary Metronode as the winner of its long-running and wide-ranging datacentre overhaul project, with the company to construct two new substantial facilities which will allow the state to consolidate its IT operations drastically.

    • Two good Australian CIO interviews IT-manager-cio

      There have been a couple of good interviews with Australian chief information officers done by various media outlets over the past couple of days — good enough that we thought them worth highlighting to readers on Delimiter.

  • Enterprise IT, Featured, News - May 23, 2012 12:54 - 0 Comments

    SAP’s SuccessFactors deploys Aussie datacentre

    More In Enterprise IT


    Analysis, Telecommunications - May 23, 2012 11:08 - 5 Comments

    The NBN, service providers and you … what could go wrong?

    More In Telecommunications


    Gadgets, News - May 21, 2012 12:32 - 5 Comments

    Galaxy S III listed for Telstra, Optus and Vodafone

    More In Gadgets


    Reviews - May 7, 2012 18:16 - 2 Comments

    Telstra Mobile Wi-Fi 4G: Review

    More In Reviews