[LINK] > COMMONWEALTH Bank will spend $580 million over the next four years modernising its existing banking legacy systems.

Wed Apr 30 16:05:18 AEST 2008

Marghanita da Cruz wrote:
> Given the discussions, on link about Government's approach to ICT, I wonder
> whether CBA shareholders and customers should be satisfied or worried.

 From today's AFR: Risk and reward for CBA in systems upgrade
<http://www.afr.com/home/searchresult.aspx?search=Risk%20and%20reward%20for%20CBA%20in%20upgrade&notfound=1>

> 
>> Commonwealth Bank Core Banking Modernisation
>> 28 April 2008
>>
>> The Commonwealth Bank Group today announced that it is to undertake a 
>> comprehensive programme to modernise its existing banking legacy 
>> systems with a customer centric platform that enhances the way that 
>> the Group provides services to its customers and the way it does 
>> business.
> <http://shareholders.commbank.com.au/group_display/0,1922,CH2071%255FTS18278,00.html> 
> 


-- 
Marghanita da Cruz
http://www.ramin.com.au
Phone: (+61)0414 869202