11 February 2016

NAB looks to move 100 jobs offshore

10 July 2006  |  8658 views  |  0 Sydney Opera House 2

National Australia Bank (NAB) is looking to shift around 100 credit card processing jobs to an offshore centre in a bid to cut costs.

According to a report by The Australian, the bank has invited global suppliers to submit tenders for the outsourcing project.

It is thought that NAB is considering moving the jobs to an offshore centre in India. The bank's Asian management committee is expected to visit the country as part of its quarterly meeting in Hong Kong.

A bank spokesman told reports that NAB is "testing the market" and it will be months before the proposals are received. He said any affected staff would be redeployed if the project goes ahead.

The spokeman also said that any customer data would always remain in Australia.

NAB started a pilot offshoring programme last October involving 24 accounts payable staff in Bangalore.

The news follows moves by Australian bank Westpac to move 400 back office jobs to India. ANZ bank already has 1100 staff in Bangalore working on software development.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

03 July, 2006
21 April, 2006
27 January, 2006
18 October, 2005
19 July, 2005
11 May, 2005
29 March, 2005

Related company news

 

Top topics

Most viewed Most shared
UK sets out open banking API framework
13397 views comments | 91 tweets | 85 linkedin
Visa opens up to developers
9474 views comments | 26 tweets | 44 linkedin
European mobile banking service Pocopay go...
7937 views comments | 25 tweets | 14 linkedin
How to accelerate your fintech startup
7083 views comments | 32 tweets | 9 linkedin
Deutsche Bank calls for co-operation with...
7020 views comments | 27 tweets | 30 linkedin

Featured job

Find your next job