Bruised BoQ perseveres with $440m digital core overhaul – Finance – Cloud – Hardware – Networking – Software- Tempemail – Blog – 10 minute

Old-school Big Four challenger Bank of Queensland (BoQ) has reassured skittish investors and customers that its root-and-branch $440 million core technology overhaul is still on track and will continue despite the global pandemic.
Fronting analysts on a half-year results call that lasted close to two hours, BoQ’s chief executive George Frazis said that while dividends might be getting pruned, the long awaited overhaul to digitise BoQ was continuing despite the deeply uncertain economic conditions.
Payment of an interim dividend has been deferred after regulators asked institutions to put the brakes on payouts to support lending.
Cash earnings after tax at BoQ for HY1 2020 dropped back 10 percent to $151 million over the previous corresponding period, a hit broadly in line with market expectations.
Investor interest around the small boutique bank is intense because it is one of the first institutions to front its half-yearlies post-COVID-19 lockdown and thus provide a window into how the financial sector as a whole is weathering the storm.
Revealed at the end of February, Frazis’ $440 million tech overhaul aims to undo years of sweating legacy systems that were infamously compared to ‘spaghetti’ by incoming management.
The guts of the refresh is a new core banking system from Temenos being rolled out first at Virgin Money Australia (VMA) and then later across other parts of the bank.
While Frazis has previously stressed that BoQ will not be customising its builds and will not be “having any large programs that go on for multiple years” the program of work is spaced out in drops over five years.
The question many were keen to know is whether the capex heavy project would feel the cost-cutting blade as spending was reined in.
Not yet it seems, with the project apparently sufficiently critical to keep going, with quick progress already made.
Frazis told investors the strategy to become “the digital bank of the future with a personal touch” has already “delivered a new mobile app to BoQ specialists.”
“We are now on track to deliver the first phase of our VMA digital bank in 2020, the first step in the digital transformation of the wider group.”
Frazis said material improvements had been made for customers, with conditional lending approvals shrinking from five days to one day.
BoQ’s CFO and COO Ewen Stafford said the “launch of Virgin Money digital transaction and saving deposits products later in 2020” would further support the bank’s deposit book.
But there’s some cash being burned to get to that point.
“We spent $52 million on capital initiatives, primarily relating to phase one of the [Virgin Money Australia] digital bank to deliver transaction and saving products, and the modernisation of poor infrastructure, including the migration of key data centres to a cloud environment,” Stafford said.
“Both of these investments are foundational to our strategy to become a simpler and digitally enabled bank.”
The clear out of old junk also showed up in neon lights on software capitalisation write-downs.
Changes to BoQ’s capitalisation threshold wrested $26 million off the books, while “amortisation acceleration relating to the strategic reset of the technology roadmap” jettisoned $16 million, and garden variety amortisation delivered another $18 million in write-downs.
Part of appeal of the digitisation is that BoQ will need fewer humans to perform tasks that can be automated.
While it’s hardly fashionable to let any staff go at the moment, pre-COVID-19 spot headcount reduction came in at 4 percent at BoQ.
It’s what happens next that’s the real question.

Tempemail , Tempmail Temp email addressess (10 minutes emails)– When you want to create account on some forum or social media, like Facebook, Reddit, Twitter, TikTok you have to enter information about your e-mail box to get an activation link. Unfortunately, after registration, this social media sends you dozens of messages with useless information, which you are not interested in. To avoid that, visit this Temp mail generator: tempemail.co and you will have a Temp mail disposable address and end up on a bunch of spam lists. This email will expire after 10 minute so you can call this Temp mail 10 minute email. Our service is free! Let’s enjoy!

NSW Police find core systems vendor for COPS overhaul – Strategy – Cloud – Software- Tempemail – Blog – 10 minute

NSW Police has finally settled on a technology solution and delivery partner for the once-in-a-generation overhaul of its core policing system.
iTnews can reveal Unisys and US-based public safety software provider Mark43 have been down-selected to deliver the force’s new integrated policing operating system (IPOS).
It follows an “extensive global search” for a provider to replace the state’s 24-year-old core operational policing system (COPS) that originally dates back to July 2015.
COPS is the force’s central database for everyday operations, and is used for everything from the logging of criminal incidents to intelligence gathering and the pressing of charges.
A spokesperson told iTnews the “short-term contract” will see the consortium “undertake discovery and due diligence phase [for IPOS] to ensure operational suitability to frontline policing”.
“This discovery phase commenced 2 March 2020 and is anticipated to take around 6 months,” the spokesperson said.
Mark43 offers an cloud-based all-in-one core policing system, called the Mark43 platform, which is used by a number of law enforcement agencies in the US.
IPOS is expected to transform how Australia’s largest police force approaches policing, allowing frontline officers to spend more time on the beat.
It will contain modules for core police functions like investigation management, evidence and forensic data management and investigation and charge and custody management.
The platform will also replace the force’s decade-old Fujitsu computer-aided dispatch system, which the force had originally tendered for separately.
NSW Police are still in the process of looking for a hybrid cloud platform to host IPOS, having already developed a cloud reference architecture with Amazon Web Services partner Versent.
A hybrid cloud platform is required “due to the significant co-existence required with legacy on premise IT systems”, according to chief information and technology officer Gordon Dunsford.
The long road
NSW Police has been working to modernise COPS since receiving an initial $44.8 million for the build in the 2013-14 state budget.
It originally went looking for a partner to replace COPS in mid-2015 and ultimately settled on Accenture for the work two years later
Accenture was to build a proof-of-concept solution for the future core policing system, dubbed NewCOPS, over a six-month period.
But after the system was delivered in October 2017, the force paused the overhaul to review its approach for NewCOPS.
The decision occurred just after a restructure of the force’s business technology team, which saw long-time chief information officer Chris Robson and chief technology officer Syd Griffith depart.
However, several months later, the force restarted the COPS overhaul, approaching the market for IPOS, which was to double as a CAD system, in October 2018.
NSW Police shortlisted three contenders to deliver IPOS last May after receiving close to 30 bids from vendors across the globe, and expected to select its preferred vendor late last year.
But just months before a decision was expected, the force unexpectedly lost its digital policing and operational systems director, pushing the procurement behind schedule.

Tempemail , Tempmail Temp email addressess (10 minutes emails)– When you want to create account on some forum or social media, like Facebook, Reddit, Twitter, TikTok you have to enter information about your e-mail box to get an activation link. Unfortunately, after registration, this social media sends you dozens of messages with useless information, which you are not interested in. To avoid that, visit this Temp mail generator: tempemail.co and you will have a Temp mail disposable address and end up on a bunch of spam lists. This email will expire after 10 minute so you can call this Temp mail 10 minute email. Our service is free! Let’s enjoy!

RBA payments system overhaul delayed by a year – Finance – Cloud – Networking – Software- Tempemail – Blog – 10 minute

The Reserve Bank of Australia has officially hit pause on its massive payments systems review, conceding banks, regulators payments schemes and the broader digital payments ecosystem would struggle to absorb the root and branch regulatory overhaul.
The RBA late Thursday confirmed to stakeholders the highly anticipated review was being put on ice due to the COVID-19 pandemic, the latest regulator to announce a reform and penalties holiday in specific areas.
The move pulls back hard deadline across a raft of consultations in the rapidly digitising payments landscape, the biggest moving piece of which is the future of the BSB-number based direct entry system that is the underpinning architecture for bank account access.
“In light of the current extraordinary circumstances associated with the impact of COVID-19, the Reserve Bank is putting on hold the Review of Retail Payments Regulation that was announced on 29 November 2019,” the RBA said in a statement.
“Whereas the Bank had previously expected that the Review would be completed by late 2020, we now expect that it will be completed in 2021.
“This decision is intended to reduce the demands on industry stakeholders at a time when they are focused on dealing with the impact of COVID-19. Bank staff will continue to do background work on the Review as resources permit and remain available to speak with stakeholders as required.”
The RBA in December flagged that it wanted banks and the financial services sector to start contemplating what a consolidation of the current legacy direct entry architecture might look like down the track.
Aside from bank shuffling money between each others’ accounts, key customer facing infrastructure that pipes into the direct entry system includes longstanding stalwarts eftpos and BPAY.
Both platforms are essentially mutually owned by banks and deposit taking institutions and run as lower cost services as an alternative to handing over an effective monopoly to credit card schemes Mastercard and Visa that have now embedded themselves into the debit market.
The RBA in December had talked-up the prospect of some core infrastructure rationalistion by raising questions over the long-term future of the direct entry system.
The challenge for both the central bank and retail banks is that there are now three different common infrastructure plays in the market – BPAY, eftpos and the New Payments Platform – at a time when the likes of Apple and other global technology platforms are also putting product into market.
The situation many banks and payments stakeholders are facing is how much the financial landscape will have changed irrevocably over the next six months, especially as many cash-flow poor and venture capital dependent start-ups in the fintech sector are wiped out.
The question the RBA and policy makers are likely to face in the next six months may really be one of be what remains, around unsecured credit, as the retail sector and consumers go into shutdown.

Tempemail , Tempmail Temp email addressess (10 minutes emails)– When you want to create account on some forum or social media, like Facebook, Reddit, Twitter, TikTok you have to enter information about your e-mail box to get an activation link. Unfortunately, after registration, this social media sends you dozens of messages with useless information, which you are not interested in. To avoid that, visit this Temp mail generator: tempemail.co and you will have a Temp mail disposable address and end up on a bunch of spam lists. This email will expire after 10 minute so you can call this Temp mail 10 minute email. Our service is free! Let’s enjoy!

DTA reveals its three-step myGov overhaul path – Strategy- Tempemail – Blog – 10 minute

The Digital Transformation Agency has revealed its three-step path to an updated myGov digital services platform that promises citizens a single, tailored view of all their interactions with the federal government.
In a week dominated by problems with the existing online service portal due to the unprecedented number of people seeking welfare services, the agency has offered fresh detail on its vision for the new platform.
It follows an industry briefing with system integrators and strategic partners looking to work with the DTA on the build on Monday, when Services Australia was scrambling to increase capacity to a platform under siege. 
A prototype of the platform also called the government digital experience platform (GOVDXP) that will initially “operate as an extension to, and in parallel with, myGov” has already been designed and developed by the DTA and Services Australia.

Source: Digital Transformation Agency

But the prototype, which resembles that of recognisable social media platforms such as Facebook, is intended to eventually give citizens a single, tailored view of their interactions with government, in particular Services Australia.
It is considered a key element of the government’s vision for Services Australia, which has been remade in the image of Service NSW to replicate its successful digital-first, one-stop shop government services model nationally. 
Three horizons
The DTA has detailed three key releases – or horizons – for the project, each of which will add further functionality to the myGov update platform, which builds on “existing technical platforms maintained by Services Australia”.
“The intent is to continually enhance the product and productionise features, to support the end state future myGov update platform,” the DTA said in the requirements document for the platform.
Horizon zero, which showcases the design principles of the new platform has already been released as a new Australia.gov.au home page that offers information on the current coronavirus pandemic.
The solution, which is hosted on Amazon Web Services through Cloud.gov.au, is comprised of the Adobe Experience Manager, Adobe Analysis and Adobe Campaign, and could eventually integrate with other platform like Notify.gov.au.
“The demonstrated prototype currently has no third-party integration but demonstrates the intended target state of services which may be exposing APIs over time for us to connect to,” the DTA said.
Big four consultancy Deloitte has been selected for an initial 90-day sprint to configure the prototype – which it expects to be complete in May – and perform additional user research and service design for the prototype.
Under horizon one, the DTA, working with a new system integrator and strategic partner, will develop a new government platform that “provides personalised content, with a web-based myGov inbox, opt-in notifications and login access to myGov” from July.
The DTA then intends to build out the platform, so that it becomes a “place where people can browse information and, once logged in, manage their interactions with government in a central place”.
“The new front end will provide dashboard, profile, inbox and forms, along with information systems such as content pages and notifications,” it said in a blog post.
“An integration layer will sit over the myGov systems, providing a way for information to flow back and forth between the myGov website and the myGov systems.”
“The platform will collect services, apps and other customer experience capabilities to give users everything they need.”
“This will operate on a ‘Netflix’ model, providing users with what they need to do next based on their previous interactions with government services — similar to Netflix’s ‘recommended for you’.
While no date for when horizons one and two will be complete beyond a July start date, the DTA  has not altered its procurement timeline in light of COVID-19.
The week that was (is)
Details of the work follows a difficult few days for Services Australia, which failed to successfully scale to accommodate the influx of people who flooded myGov after loosing their jobs to the coronavirus induced shutdown on Monday.
Problems with the existing platform have since tapered after the agency increased capacity to 150,000 concurrent users, more than 25 times what myGov could support last week.
Government services minister Stuart Robert on Wednesday said myGov had facilitated 2.6 million logins during the day, bringing the total since Tuesday to just under six million.
myGov logins currently average at around 500,000 each day, with the previous busiest day occurring during the 2019 taxtime period last July, where 1.8 million logins were recorded in a single day.
Robert said Services Australia would continue to add more capacity to myGov to support the unprecedented number of people attempting to access welfare services.
“We’re upgrading myGov capacity by creating more load space in our ICT systems to accommodate the surge in demand,” he said.
“We are continuing to monitor the situation and adjust so we can allow as many people to use myGov without compromising overall systems stability.” 
The myGov meltdown was initially blamed on a “significant distributed-denial-of-service attack” that didn’t happen.
Robert has now admitted he ‘jumped the gun’ and did not wait for the outcome of Service Australia’s investigation before blaming the traffic surge on a cyber attack.

Tempemail , Tempmail Temp email addressess (10 minutes emails)– When you want to create account on some forum or social media, like Facebook, Reddit, Twitter, TikTok you have to enter information about your e-mail box to get an activation link. Unfortunately, after registration, this social media sends you dozens of messages with useless information, which you are not interested in. To avoid that, visit this Temp mail generator: tempemail.co and you will have a Temp mail disposable address and end up on a bunch of spam lists. This email will expire after 10 minute so you can call this Temp mail 10 minute email. Our service is free! Let’s enjoy!

APRA delays core data platform overhaul by six months – Finance – Strategy – Software- Tempemail – Blog – 10 minute

Australia’s prudential regulator has delayed its once-in-a-generation overhaul of the data collection platform used to determine the financial health of banks and other financial institutions.
The Prudential Regulatory Authority on Tuesday said it had temporarily suspended the project to replace its ageing core financial data system, dubbed Direct tor APRA (D2A), with by six months in light of the coronavirus pandemic.
D2A, which was first introduced in 2001, is currently used to determine the financial health and capital resilience of banks, insurers and superannuation funds.
It allows financial institutions to securely connect with APRA to complete and submit financial data forms for prudential reporting and compliance.
APRA has been working to replace D2A with a new data collection platform called APRA Connect since 2018 to overcome inherent limitations with the Java-based Oracle application.
In March 2019, the regulator purchased a replacement data exchange platform from regtech software provider Vizor, which was expected to be implemented by Dimension Data by March 2020.
But by July 2019, it had pushed back the go-live date to later in 2020 “due to complexities identified in the design phase, additional scope, external dependencies as well as industry feedback”.
On Tuesday, APRA said the further temporary suspension of six months would “allow financial institutions to concentrate on their businesses and assist their customers” in light of COVID-19.
“The temporary suspension of the APRA Connect project will provide some relief to entities and ensure flexibility for resourcing of work to ensure the financial resilience of entities and the provision of ongoing customer service,” the regulator said.
“APRA expects this temporary hold will last at least six months and delay all APRA Connect go live dates by at least this timeframe.
“As the external environment stabilises, APRA will advise entities when the project will restart.”
APRA Connect is expected to allow “more granular” data to be collected and strengthen “data-enabled decision-making”.
More than 4500 financial sector entities will use the platform to meet their reporting requirements to APRA when the system is switched on.
APRA is also continuing to update D2A to allow users to shift from Australian Tax Office’s PKI-base authentication solution, AUSKey, to the new myGovID digital identity credential later this week.
AUSKey which was first introduced in 2010 as part of the ATO’s standard business reporting program, will be retired on Friday.

Tempemail , Tempmail Temp email addressess (10 minutes emails)– When you want to create account on some forum or social media, like Facebook, Reddit, Twitter, TikTok you have to enter information about your e-mail box to get an activation link. Unfortunately, after registration, this social media sends you dozens of messages with useless information, which you are not interested in. To avoid that, visit this Temp mail generator: tempemail.co and you will have a Temp mail disposable address and end up on a bunch of spam lists. This email will expire after 10 minute so you can call this Temp mail 10 minute email. Our service is free! Let’s enjoy!

myGov set for Facebook-like overhaul – Strategy – Software- Tempemail – Blog – 10 minute

A Facebook-like digital services platform that promises to give citizens a single view of their interactions with the federal government will be developed for Services Australia.
The new platform is expected to ultimately replace the government’s much-maligned existing online services portal myGov.
myGov was launched in 2013 to provide a single access point for citizens to access a range of Services from the then Department of Human Services and the Australian Tax Office.
While the portal has amassed more than 15 million user accounts since then, there remains “no single platform” that citizens can use to access all online government services and information.
This was made clear in Services Australia’s as-yet unreleased strategy, which also revealed that digital services remain fragmented and difficult to use.
But the Digital Transformation Agency is now looking to change that by delivering a myGov update platform, dubbed the government digital experience platform (GOVDXP).
It is considered a key element of the government’s vision for Services Australia, which has been remade in the image of Service NSW to replicate its digital-first, one-stop shop model.
“Large, customer service-focused companies have modernised and transformed their digital experience in recent years,” the DTA said in a blog post late on Friday.
“Australians expect a similar experience from government so they can easily access information and services when and where they need them.”

The platform will initially “operate as an extension to, and in parallel with, myGov” to offer government services across portfolios and jurisdictions.
It will provide a single, tailored view of government for citizens, with “simple, smart and personalised” services and information, including upcoming payments and reminders.
A future GOVDXP is also expected to eventually centre services around life events such as having a baby or experiencing and natural disaster.
“Enhancements to myGov will enable a more effective model for government to deliver the information and services people and businesses need, in a way that works for them,” the DTA said.
SIs wanted to deliver beta solution
A GOVDXP prototype has already been designed by the DTA and is currently being developed by big four consultancy Deloitte under a $1 million contract. 
According to a brief on the digital marketplace, the prototype will be developed by May based on government user research and whole-of-government architecture requirements. 
The 90-day sprint is intended to inform government thinking, including possible capabilities and systems integration approaches, to progress the development of a beta platform solution.
The DTA late on Friday kicked off its search for a “system integrator with hosting and software partnerships” to design and deliver the beta solution from July.
“The seller is required to propose a suitable package of system integrator services, with separate options for base software product(s) and hosting platform(s),” the brief states.
An industry briefing will be held on March 23.

Tempemail , Tempmail Temp email addressess (10 minutes emails)– When you want to create account on some forum or social media, like Facebook, Reddit, Twitter, TikTok you have to enter information about your e-mail box to get an activation link. Unfortunately, after registration, this social media sends you dozens of messages with useless information, which you are not interested in. To avoid that, visit this Temp mail generator: tempemail.co and you will have a Temp mail disposable address and end up on a bunch of spam lists. This email will expire after 10 minute so you can call this Temp mail 10 minute email. Our service is free! Let’s enjoy!

Home Affairs plots IBM mainframe overhaul – Strategy – Cloud – Hardware – Software – Storage- Tempemail – Blog – 10 minute

The mainframe environment underpinning Australia’s vast estate of mission-critical immigration and cargo systems is set for a once in a generation overhaul.
The Department of Home Affairs has revealed plans for a “mainframe workload modernisation and optimisation” project to address areas of growing risks and drive down operational expenses.
The project, revealed on Friday, will consider the “future operation” of the department’s “IBM mainframe infrastructure” and how its “critical computing workloads” might be transformed.
The mainframe currently hosts a number of “mission-critical” traveller, cargo and trade systems, which operate 24 hours a day and therefore “require very high levels of reliability and availability”.
Home Affairs will use the proposed upgrade to address a number of “perceived issues and workforce risks with the currently delivery of services provided by the mainframe platform”.
One of these issues is the department’s ongoing struggle to find skilled staff to replace or augment its ageing mainframe workforce – a “significant proportion” of which are approaching retirement.
“This has the potential to leave the department in a position where there is insufficient staff to effectively operate the current mainframe based environments,” RFI document state.
The department said this had the potential to expose it to “some operational risk if even a small number of staff were to depart at around the same time”.
“Due to the reducing opportunities and/or lack of enthusiasm for mainframe education, the department is finding it difficult to replace departing staff, making it increasingly difficult to fully support the Department’s critical applications,” it said.
Home Affairs is also increasing moving towards “contemporary development methodologies” to lessen the time between “development to product deployment for applications changes”.
It has already begun laying the groundwork to re-architect parts of its core systems using smaller – possibly cloud-hosted – components by experimenting with AWS and DevOps at the periphery.
Opening up monolithic and mainframe-based systems with APIs and refactoring some existing applications to run in the cloud were just some of the projects considered at the time.
While not explicitly stated, the department has also experienced a surge in system outages in recent months, most recently in December.
“Unscheduled system outages have a significant impact for front line ABF officers in the performance of their daily duties, RFI documents state.
The department said it will use the RFI to gain a better understanding of “what options currently exist for porting and/or redeveloping mainframe-based systems to contemporary platforms”.
It anticipates using responses to “assess relevant and emerging methodologies and technologies that could influence the development of capability requirements for the project”.
This “may or may not include the ongoing operation of a mainframe platform”, the department said.
“The Department is providing no direction on the possible directions that can be taken in ‘modernising’ the mainframe workload,” the RFI states.
In addition to moving to a more contemporary working environment and reducing risk from an ageing workforce, the department will use the project to reduce costs and increase efficiency.
Mainframe operating costs currently increases as additional million instructions per second (MIPS) requirements for normal business processing is required.
“Under existing arrangements the department is committed to a mainframe hardware refresh every five years. These refreshes impose a significant financial burden on the Department,” the RFI states.
“The option of extending the operational life of the hardware to spread the cost over a longer period is made difficult by the manufacturer’s schedules for End of Sales Life (EOSL) and End of Support (EOS).”
The department’s mainframe currently operates “all environments with an allocation 7700 MIPS”.

Tempemail , Tempmail Temp email addressess (10 minutes emails)– When you want to create account on some forum or social media, like Facebook, Reddit, Twitter, TikTok you have to enter information about your e-mail box to get an activation link. Unfortunately, after registration, this social media sends you dozens of messages with useless information, which you are not interested in. To avoid that, visit this Temp mail generator: tempemail.co and you will have a Temp mail disposable address and end up on a bunch of spam lists. This email will expire after 10 minute so you can call this Temp mail 10 minute email. Our service is free! Let’s enjoy!

Bank of Queensland bets on $440m core overhaul – Finance – Cloud – Hardware – Networking – Software – Storage- Tempemail – Blog – 10 minute

The beleaguered Bank of Queensland has finally bitten the upgrade bullet and will abandon sweating its disparate legacy IT stack, telling investors it’s preparing to shell out $440 million in fresh capex over five years on a digital-led transformation to drag it into the cloud era.
Revealing its “refreshed” five year strategy on Thursday, recently appointed chief executive George Frazis committed the once proudly branch-based shop to an intensive digital rehab including new, standardised cloud core systems across multiple arms and new apps.
Whichever way you look at it, it’s a big-ticket IT rebuild cut into small pieces to help investor digestion.
“We are not having any large programs that go on for multiple years… which is where I have seen, in my past experience in my experience, where you get a little unstuck,” Frazis said.
Except that it’s $440 mil in indicative capex over five years. Which is not small or short.
In official investment parlance, the $440 million is anticipated capex rather than firmly committed spend. The hard number will come in the next set of financials.
“We will deliver results while transforming the bank,” Frazis said, carefully eschewing any notion of a big drop which has come to haunt rivals like Suncorp.
“This is not about promising something that is going to be delivered in 5 years time,” Frazis said.
 “There will be no customisation.”
Notably, like the CBA, it’s the CEO attempting to talk-up the institution’s tech-savvy rather than leaving it to the IT crowd – although Frazis sound less comfortable than Matt Comyn when dropping the nerd nomenclature.
The only brand drop was core banking specialist Temenos, which BoQ has recently discovered also does a real-time and cloud based version rather than just batched on prem.  
That’s a sure sign that piles of ageing kit and software will soon be headed for the scrap heap as part of a root-and-branch overhaul of products, processes and foundational technology that has devolved into a disparate and disconnected mess that holds BoQ back.
And it’s quite a pile too.
“On the retail side we have two core systems and about seven systems that interact with our customers,” Frazis said.
 And it gets worse.
“On the business banking side that picture becomes even more complex. We have ten core systems and eleven systems for how we interact with our customers,” the BoQ head complained.
“That’s been described as a ball of spaghetti
“What we are not doing is fixing that ball of spaghetti
“We are about building the new and then migrating to that new,” Frazis said.
BoQ’s strategy to date has been buying in value from more nimble plays, like Virgin Money, rather than taking the more capex intensive route of building its own.
Which means it has a quicker, cheaper way of upgrading but may not have crucial road memory to dodge the potholes.
Frazis reckons there’s plenty of upside, though he did not rule out a merger with core systems misery mate Suncorp, that cannot get Oracle to work.
“Development in technology…gives us the opportunity to successfully compete against major players,  enabled in part by standardised cloud technologies and the customer’s shift to mobile,” Frazis said.
“Our digital transformation will be methodically staged initially for the retail bank. We are staring off with our Virgin Money brand.”
Frazis said BoQ will progressively “migrate the rest of the bank as each stage is successfully completed”, referring back to the five year plan that aimed to “deliver us the strength of and established bank and the agility of a neo bank.”
But the Conradian horror of failed IT empire building is still there.
“We have got a got a very, very complex environment,” Frazis said, talking to BoQ’s propensity to acquire businesses without integrating them.
“The complexity and costs are there as a result of that,” Frazis said.

Tempemail , Tempmail Temp email addressess (10 minutes emails)– When you want to create account on some forum or social media, like Facebook, Reddit, Twitter, TikTok you have to enter information about your e-mail box to get an activation link. Unfortunately, after registration, this social media sends you dozens of messages with useless information, which you are not interested in. To avoid that, visit this Temp mail generator: tempemail.co and you will have a Temp mail disposable address and end up on a bunch of spam lists. This email will expire after 10 minute so you can call this Temp mail 10 minute email. Our service is free! Let’s enjoy!

Coles cautions coronavirus could hit its massive supply chain overhaul – Finance – Cloud – Hardware – Software – Storage- Tempemail – Blog – 10 minute

Australian grocery and liquor giant Coles has cautioned that its giant supply chain transformation could be hit by equipment delivery delays because the coronavirus in China, though the digitally-powered transformation slated to shave $1 billion is still officially on track – for the time being.
Speaking to Coles’ 2020 half-year results, chief financial officer Leah Weckert said that while Coles had “further progressed payments on the supply chain modernisation program”, there were some questions on shipping times.
“It is worth noting there is uncertainty around the coronavirus delaying some renewal equipment being shipped out of China which may impact the renewal program,” Weckert said.
“We will be able to provide a further update on this at the [third quarter sales results].”
While it is known that some equipment like new smart fridges have been delayed, what’s less clear is whether a small army of robots used to shuttle goods around distribution centres [DCs] for dispatch could also be delayed, either by shipping or progress on fitting out the new warehouses.
Coles’ big supplier on that front is Ocado, which the retailer tapped just under a year ago to deliver automation equipment and software for two new DCs in Sydney and Melbourne that will power online fulfilment that both Coles and Woolworths have struggled for years to make profit margin accretive.
While both Coles and rival Woolworths last year declared their respective online businesses to be margin accretive, neither disclose the actual numbers in their results indicating that the margin is small, enough to be counted as non-material.
This half Coles delivered a net profit after tax of $498 million, but that number is still caught up in the spinout from Wesfarmers. Straight up it’s a  drop of 34 percent on the prior corresponding period … but an increase of 1.7 percent if you factor out Wesfamers businesses.
Either way, the modest result was overshadowed by a $20 million provision for underpaid wages. 
Weckert said that capital expenditure for Coles for the period had been partly driven by the commencement of the Witron distribution centre build in Queensland this half, which is also related to the supply chain modernisation.
Rolled-up in the supply chain overhaul is a broader technology re-platforming of Coles that over the last year has roped in Microsoft’s Azure cloud, NBN Co. for communications, Accenture for integration and SAP’s S4/Hana and Success factors for ERP and staff management.
Both Weckert and Coles’ chief executive Stephen Cain on Tuesday stressed that despite the large body of work and capex, costs reductions were tracking as expected, with $95 million in savings already extracted against the $1 billion target.
Coles is relying on tech-enabled efficiencies and savings to eventually compound and annualise over the next three years to hit the $1 billion number.
Weckert also sought to set expectations that capex would rise as major tech projects hit the implementation and rollout stages in the near future.
“We have quite a comprehensive suite of capital projects that we have clear visibility of,” Weckert said.
“The supply chain modernisation project or the Ocado project, even things like some of the SAP implementations, with the implementation of Success factors and the like…they are initiatives where we know we have additional capex coming.”
However the Coles CFO also revealed the retailer was pursuing an agile-like approach to standing-up projects and quick wins on savings quickly to determine what worked well and what did not when it came to chasing costs out.
“There are tactical, easier investments that we are making,” Weckert said. “And being aggressive and forward thinking in the trials we are putting in place and actually making sure they are working before we put money behind them.”
Coles CEO Cain said if the situation in China did not improve by the end of March the retailer would then need a “Plan B” in terms if its exports there and goods coming in.

Tempemail , Tempmail Temp email addressess (10 minutes emails)– When you want to create account on some forum or social media, like Facebook, Reddit, Twitter, TikTok you have to enter information about your e-mail box to get an activation link. Unfortunately, after registration, this social media sends you dozens of messages with useless information, which you are not interested in. To avoid that, visit this Temp mail generator: tempemail.co and you will have a Temp mail disposable address and end up on a bunch of spam lists. This email will expire after 10 minute so you can call this Temp mail 10 minute email. Our service is free! Let’s enjoy!

Durex emerges as an ‘activist’ against sexual taboos and stigmas in brand overhaul- Tempemail – Blog – 10 minute

At 91-years-old Durex is overhauling its brand, coming out as an “activist” against sexual stigmas, taboos and non-inclusive attitudes with the aim of showcasing the “positive reality” of modern-day sex.
Coinciding with Valentine’s Day, a global campaign from Havas London will launch across online OOH and TV to push the condom maker’s renewed stance.
A fresh visual identity will also reflect the positioning.
In practical terms, all marketing activity will now be conducted through a prism of “positive reality”, pushing society with thought-provoking messages and imagery designed to spark conversations around sex.
The initiative builds on the success of recent campaigns such as ‘Unforgettable Nights’, a move to debunk myths surrounding sexually transmitted infections, which contributed to better than expected sales.
The new approach also follows on from the findings of Durex’s own 2017 Global Sex Survey, which explored attitudes towards intercourse. The main takeaway was that while the exponential growth of the internet has brought positives (including openness, discussion, exploration and access), its consequences (such as misconnection, myths, lack of education and confusion) have been substantial.
Ultimately, the research pointed to an underlying sexual anxiousness, driven primarily by unrealistic representations of sex throughout culture.
It is those unrealistic representations, as well as the stigma and taboos they exacerbate, that Durex is rallying against. The campaign’s launch date – an occasion on which these conventions are felt most strongly – was chosen specifically, and one of the myths Durex aims to bust is that good sex can only happen on special occasions.
To launch its new mission, the brand has published an open letter explaining its stance.

Elliot Harris, RB global executive creative director at Havas, said: “This might be the most important piece of work we ever do. Durex is a huge brand with a unique and vital role in culture. It has genuine influence, and the capability to enact real change.
“And make no mistake, this is a proper commitment. This new brand purpose will lead to healthier conversations around, and attitudes towards, sex, but also greater inclusion and acceptance for those who might not always experience it. To have a brand like Durex publicly and proudly on your side makes a difference.”

Tempemail , Tempmail Temp email addressess (10 minutes emails)– When you want to create account on some forum or social media, like Facebook, Reddit, Twitter, TikTok you have to enter information about your e-mail box to get an activation link. Unfortunately, after registration, this social media sends you dozens of messages with useless information, which you are not interested in. To avoid that, visit this Temp mail generator: tempemail.co and you will have a Temp mail disposable address and end up on a bunch of spam lists. This email will expire after 10 minute so you can call this Temp mail 10 minute email. Our service is free! Let’s enjoy!