Bank of Queensland to implement Fiserv core banking system

Bank of Queensland to implement Fiserv core banking system

Australia's Bank of Queensland is to roll out Fiserv's international comprehensive banking system (ICBS) and Alliant branch teller application at its head office and across its network of 108 branches.

The multi-million-dollar agreement is part of bank's 10-year services outsourcing arrangement with EDS.

Bjoern Petersen, EDS client executive for the bank, says: "The Fiserv solution is a key part of the overall upgrade and enhancement of the bank's IT infrastructure and processes, that will underpin future growth and expansion."

Fiserv says implementation of the solution will start immediately and services will be provided through its CBS Worldwide business unit. The system is scheduled to be live by early 2004.

Seperately, Commercial Federal Corporation has renewed its outsourcing contract with Fiserv for a further six years.

Under the $120 million contract, Fiserv will continue to provide the bank with financial IT services including its comprehensive banking system (CBS), Fast teller platform, call centre software and Fiserv EFT for automated teller machine driving.

Fiserv will also provide Commercial Federal with cheque processing and statement printing.

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