Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Westpac NZ selects IBM to support transformation

Westpac NZ selects IBM to support transformation to NZ's leading digital bank

IBM Private Modular Cloud will support the bank's digital transformation

Auckland, New Zealand - 21 August 2014: IBM (NYSE: IBM) today
announced that Westpac New Zealand has selected IBM's private cloud
technology to support its goal to be New Zealand's leading digital
bank. The new five year agreement is part of an extensive services and
technology contract which includes Westpac migrating some of its
business critical IT systems into IBM's state-of-the-art Auckland data
centre, enabling enhanced customer service. The agreement supports
Westpac as it embarks on a significant transformation from a
traditional bank to one that uses cloud computing enabling it to
address key market trends such as social and mobile adoption to
influence the way consumers prefer to bank today. Westpac is also one
of IBM's long-term strategic outsourcing clients.

By adopting IBM private cloud capabilities to develop and test tools
within a dedicated environment, Westpac will be able to deploy new
online and mobile banking services faster and across multiple devices
and platforms in response to customer demand. As customers' digital
footprints expand and the bank's security demands change, IBM is
helping Westpac respond with enhanced online security features, such
as the ability to manage identity and access through a single user ID.

Westpac's Interim Chief Information Officer Jason Millett said IBM's
private cloud platform would further enable increased development of
Westpac's digital capabilities as it responds to customer demands for
a more personalised, convenient way of banking. According to Gartner,
by 2016, poor return on equity will drive more than 60 percent of
banks worldwide to process the majority of their transactions in the
cloud.

"The platform provides a robust and advanced infrastructure enabling a
seamless online banking experience across multiple devices. This supports our goal of being New Zealand's leading digital bank," Millett said. "In addition, IBM's local and global expertise, commitment to work within our regulatory framework, deep knowledge of our business and industry, and responsive commercial models provide a market leading offering that can support our changing needs over time."

Westpac will also optimise its IT infrastructure by renewing IBM mainframe services, midrange and storage platforms and migrating some services to IBM's Level 3 data centre providing even greater data resiliency.

To meet Westpac's optimisation objectives, IBM leveraged its global
Research team and Distinguished Engineers who advised on new
technology, business processes and IT governance, including more
flexible, cost effective and agile approaches to IT service delivery.

"Westpac's underlying IT systems must operate uninterrupted, be secure
and be able to support future needs as customers increasingly engage
on mobiles and tablet devices," said Rob Lee, IBM New Zealand Managing Director. "Our relationship with Westpac New Zealand is one of our longest and closest, marked by a high degree of innovation and collaboration. We continue to invest in skills and advanced technologies including our cloud solutions to help deliver on their vision to be New Zealand's leading digital bank."

IBM has prime responsibility for managing Westpac's key infrastructure
services, under an agreement that was first signed in 2000. In 2013
Westpac became one of the first clients of IBM New Zealand's Delivery
Centre at Unitec in Auckland, employing post-graduate and
under-graduate computer science students.

Westpac extended its strategic outsourcing agreement with IBM based on the strength of the relationship and IBM's ability to bring new innovations such as cloud technology to the IT infrastructure.

IBM New Zealand launched its hybrid cloud in March to offer local
customers greater visibility, transparency and control of data
security and placement. This followed an announcement earlier in the
year that IBM will invest $1.2billion globally into comprehensively
expanding its cloud footprint. IBM's global data centre network is
key to helping enterprise clients move operations into the cloud in a
hybrid model that preserves existing IT investments and connects on
premises systems of record with new cloud-based systems of engagement achieving the best of both worlds.


About IBM Cloud Computing
Today, IBM has 100+ cloud SaaS solutions, thousands of experts with
deep industry knowledge helping clients transform and a network of 40
data centers worldwide. Since 2007, IBM has invested more than $7 billion in 17 acquisitions to accelerate its cloud initiatives and build a high value cloud portfolio. IBM holds 1,560 cloud patents focused on driving innovation. In fact, IBM for the 21st consecutive year topped the annual list of US patent leaders. IBM processes more than 5.5M client transactions daily through IBM's public cloud. For more information about cloud offerings from IBM, visit
http://www.ibm.com/cloud. Follow us on Twitter at @IBMcloud and on our blog at http://www.thoughtsoncloud.com. Join the conversation
#ibmcloud.

About Westpac New Zealand
Westpac New Zealand has been helping Kiwis find the right financial
solutions for 152 years. With almost 4,700 employees looking after
1.27 million customers Westpac is one of New Zealand's largest banks.

Westpac Banking Corporation Group is one of the strongest banks in
the world measured by earnings, capital ratios and credit ratings -
rated AA-/Stable by Standard & Poor's, Aa3/Stable by Moody's and
AA-/Stable by Fitch Ratings. Earlier this year Westpac Banking
Corporation Group was ranked number one in 'Global 100 Most
Sustainable Corporations in the World' at the World Economic Forum in
Davos, Switzerland.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

BusinessDesk: SkyCity Lifts Minimum Convention Centre Investment To $430M

SkyCity Entertainment Group, the casino operator, has lifted the minimum it will invest in the Auckland International Convention Centre to $430 million and said total costs including land may be $450 million to $470 million. More>>

Statistics: Drop In Dairy Prices Leads Fall In Exports

Total goods exports fell $240 million (5.5 percent) to $4.2 billion in April 2015 compared with April 2014, Statistics New Zealand said today. More>>

BusinessDesk: APN's NZME Sees Future In Paywalls, Growth In Digital Sales

APN News & Media has touted a single newsroom concept for its NZME unit in New Zealand, similar to what Germany's Die Welt uses, saying an 'integrated sales proposition' is helping it win market share, including ... More>>

Labour Party: Global Milk Prices Now Lowest In 6 Years

The latest fall in the global dairy price has brought it to the lowest level in six years and shows there must be meaningful action in tomorrow’s Budget to diversify the economy, says Labour’s Finance spokesperson Grant Robertson. “Dairy prices ... More>>

BusinessDesk: NZ Inflation Expectations Creep Higher In June Survey

May 19 (BusinessDesk) - New Zealand businesses lifted their expectations for inflation over the next two years, sapping any immediate pressure on the Reserve Bank to cut interest rates, and prompting the kiwi dollar to jump higher. More>>

BusinessDesk: Lower Fuel Costs Drive Down NZ Producer Input, Output Prices

May 19 - Producer input and output prices fell in the first quarter, mainly reflecting lower fuel costs and weakness in prices of meat and dairy products. More>>


Media: Fairfax Media NZ Announces Senior Editorial Team

Fairfax Media New Zealand has today confirmed its new editorial leadership team, as part of a transformation of its newsrooms aimed at enhancing local and national journalism across digital and print. More>>

Science: Flavonoids Reduce Cold And Cough Risk

Flavonoids reduce cold and cough risk Research from the University of Auckland shows eating flavonoids – found in green tea, apples, blueberries, cocoa, red wine and onions – can significantly reduce the risk of catching colds and coughs. The research, ... More>>

BusinessDesk: RBNZ House Alert Speech The Catalyst For Government Action

Prime Minister John Key all but conceded that pressure from the Reserve Bank of New Zealand for concerted action on rampant Auckland house prices was one of the main catalysts for the government's weekend announcements about tightly ... More>>

BusinessDesk: How To Fall Foul Of The New Housing Tax Rules: Tips From IRD

Just because you rented out your investment property doesn't absolve you from paying tax, says the Inland Revenue Department in a summary of commonly made mistakes by non-professional property investors when it comes to their tax liability.More>>

Legal: Superdiversity Law, Policy And Business Stocktake Announced

Mai Chen, Managing Partner at Chen Palmer New Zealand Public and Employment Law Specialists and Adjunct Professor of Law at the University of Auckland, today announced the establishment ... More>>

Housing: More House Price Gains Expected

House price expectations remain high, with a net 56% of respondents expecting house prices will increase. Fears of higher interest rates are fading, consistent with the RBNZ’s signals this year. Affordability and a lack of houses for ... More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news