Following the announcement that it has gained regulatory approval to acquire the Singapore and Taiwan businesses of RBS, the ANZ bank has said that it is well on the path to integrating the IT systems of the two organisations.
In August 2009 announcement that it had reached agreement with RBS to acquire the RBS retail, wealth and commercial businesses in Taiwan, Singapore, Indonesia and Hong Kong, and the institutional businesses in Taiwan, the Philippines and Vietnam for approximately US$550 million.
Since then, ANZ has been working closely with RBS on the technology integration, an ANZ spokesperson told ComputerWorld Australia.
“We have undertaken detailed planning and testing of the applications and systems that will be integrated, which includes three data centres and more than 100 applications,” he said.
ANZ also had transition services agreements in place with RBS covering certain technology applications to ensure continuity of service for customers, the spokesperson confirmed.
Under the acquisitions, a number of RBS IT staff would also move to ANZ, he said.
“So far the large majority of staff eligible for roles with ANZ have accepted their offers and will start with ANZ over the next three months,” the spokesperson said.
The bank was also in the final stages of application and systems testing across the combined organisations, the spokesperson said.
“Systems are currently being tested so they all work when we go live for operation upon completion of the acquisition in each country - which will take place separately in Hong Kong, Taiwan, Singapore and Indonesia over the next three months,” he said.
To date ANZ has completed the RBS acquisitions in the Philippines and Vietnam and expects to complete the acquisition in the remaining markets of Taiwan, Singapore, Indonesia and Hong Kong in the next three months.
In November ANZ said it had picked Anne Weatherston to take on the CIO role left vacant by Peter Dalton.