Stories about: Financial Network Services

There is no shortage of ITprofessionals that have laboured through an implementation and felt worthy of an award after investing months in a large scale project.

On the whole IT managers are happy with their career choice, are keen to investigate Wi-Fi technology and admit there is still plenty of work to do when it comes to application integration.

Banks worldwide are opting for the predictability and familiarity of Microsoft's Windows for application servers over Linux, according to a global financial services software company.

Oracle gobbles up Siebel (buuurp). Sun swallows StorageTek (slurp). Adobe feasts on Macromedia (brrrap). And let's not forget Sprint and Nextel's $35 billion hookup, eBay's purchase of Skype, the Symantec-Veritas wedding, or scores of other megabuck deals that are roiling today's enterprise market. Yep, tech companies have suddenly come down with a whopping case of the consolidation crazies. But disruption can be minimized by maintaining close contact with your vendor.

Tata Consultancy Services (TCS) announced Thursday that it had acquired Financial Network Services (FNS), a privately held banking software vendor in Sydney, for around US$26 million (AU$34.57 million).

As the Commonwealth Bank and its big four peers contemplate offshoring IT to India, a Sydney-based banking systems vendor almost universally snubbed by the local financial sector has added another Indian bank to its client list.

Australia’s IT leaders are big-game players. Challenged and excited by the technology, they know the wooden spoon awaits those who forget what their businesses or organisations are all about.

5 minutes with. . .Terry Pearce senior software engineer, Pearce Computer Solutions

The dream of implementing a new electronic banking system has turned into a nightmare for Western Australia's Home Building Society (HBS).