Tech giant Oracle has unveiled a new banking platform it hopes will tempt large financial institutions pondering the replacement of decades-old legacy systems.
Glitch-prone National Australia Bank and its UBank subsidiary suffered a five-hour outage Wednesday after a network failure at the bank's ageing East Melbourne data centre.
Leading global finance technology provider, Iress, has renewed a multi-year agreement with the National Australia Bank (NAB) for ongoing supply of wealth technology to the bank's advice channels.
National Australia Bank's direct banking subsidiary UBank has migrated 300,000 customers to a new core banking platform developed for the parent bank by Oracle.
A white paper from the Open Data Centre Alliance on National Australia Bank's carbon neutral data centre designs.
The number of people employed by banks will tumble over the next two decades as technological advancements such as mobile services make large parts of workforces redundant, according to a senior executive at Australian giant NAB.
National Australia Bank is to cut 1400 front-line and back office jobs from its UK subsidiaries Yorkshire and Clydesdale Bank as it responds to a "significant downgrade" in growth prospects.
National Australia Bank is formulating a set of standard service level agreements that may be used by companies worldwide for securing data in public and private cloud applications.
Australia's central bank is preparing a crackdown on operational disruptions at the country's leading banks following a series of major outages in retail payment systems and Internet banking sites. The RBA's intervention comes as Westpac warned customers that it was experiencing intermittent problems with its Web site.
The latest in a long line of computer problems to hit Australian banks has left NAB customers unable to use ATMs and point-of-sale terminals or access their account online or over the phone.
© Finextra Research 2013