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Posts Tagged ‘modernisation’
News - Wednesday, February 10, 2010 13:02 - 0 Comments
CBA hails core banking milestones
The Commonwealth Bank of Australia today said its mammoth $730 million core banking modernisation project was on track as it hit its half-way mark, and would achieve a number of key milestones in 2010.
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.
CBA’s IT operations are led by chief information officer Michael Harte.











