Westpac’s mobile banking platform is growing rapidly, with the company capitalising on the mobility trend.

More IT workers at Westpac may face the axe before the end of the year, according to the bank, which today announced the loss of 119 technology-related jobs within Australia.

Westpac Banking Corporation is poised to axe more than 400 jobs and send another 150 offshore in the latest round of job cuts at the big banks.

The Teachers Credit Union has appointed its new chief information officer. Former Westpac executive, David Chapman, will take on the newly created role.

Westpac Banking Corporation has put the future of 28 IT management roles in doubt by commencing a review of their roles as part of a group-wide restructure.

Value. It’s a powerful word at the best of times. It can mean cheap and simple or large and complex — and everything in between — and all meanings are positive, depending on your point of view. When the word ‘value’ comes up in focus groups, brand managers are wont to smile wryly and consider their job done. Happy days. Add ‘IT’ as its prefix, however, and suddenly, this fabulous term with all its positive connotations becomes fraught with uncertainty, despite enterprise over the years gaining critical business and competitive advantage from information and communications technology.

Westpac is to derive much of its future IT innovation and costs savings from a cross pollination of best-of-breed IT systems between itself and St George, which was acquired by the bank last year.

Westpac has made major advances in the last half year in improving the reliability and stability of its in-house IT systems according to the bank’s CEO, Gail Kelly.