Business
Westpac’s perennial IT fix – The Australian Financial Review
Digital transformation has been on the agenda at Westpac for 20 years and shareholders may lose patience given the bank is losing market share in mortgages.
But chief executive Peter King admitted on Monday that Westpac’s mortgage “systems, processes and policies” are so bad they are holding the bank back from being competitive and are in need of an urgent turnaround operation.
It is an indictment on Westpac’s management over several decades that its technology stack can’t cope with the bread and butter of Australian banking selling mortgages in a timely manner.
Chanticleer has watched a succession of Westpac chief information officers describe multiple…
-
General14 hours agoChina and Philippines trade blame over latest South China Sea clash
-
Noosa News19 hours agoBrisbane rising on global rankings, but still behind southern capitals
-
Noosa News19 hours agoWest End icon closes doors
-
General21 hours agoCalls for government to ‘get on with’ CSIRO Ginninderra Experiment Station land sale after three-year delay