core banking system

Five-way credit union merger proposal revealed

18 Dec 18, 2:39pm

Credit unions NZCU South, NZCU Central, NZCU Steelsands, Aotearoa Credit Union and NZCU Baywide unveil merger plans
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Credit unions in RBNZ big bank outsourcing type project for delivery of key services

19 Nov 18, 9:34am

Gareth Vaughan

12 comments

Co-op Money credit union members working on 'step-in rights' project against backdrop of more expensive than expected new Oracle Flexcube banking system
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Aotearoa Credit Union battles for survival

17 Nov 18, 10:34am

Gareth Vaughan

4 comments

Aotearoa Credit Union annual loss tops $2m as new Oracle core banking system causes loss of customers & leads to unreliable management reports
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Oracle core banking system blamed for Aotearoa Credit Union woes

19 Oct 18, 4:35pm

Gareth Vaughan

10 comments

Aotearoa Credit Union's board 'intently focused on securing its future' after second consecutive annual loss & breach of RBNZ regulations
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New Kiwibank CEO looks forward to 'wing tip to wing tip' banking

7 Aug 18, 5:00am

Gareth Vaughan

11 comments

Kiwibank's new boss Steve Jurkovich sets out 'to win in a uniquely kiwi way' as he takes the reins at the state owned bank
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Tumultuous times in the credit union sector

26 Jul 18, 5:06pm

Gareth Vaughan

5 comments

Credit union industry association Co-op Money NZ battles a core banking system upgrade cost blowout, divorce from two members & other financial challenges
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What change will an outsider bring as Kiwibank's new CEO?

2 May 18, 11:59am

Gareth Vaughan

Gareth Vaughan expects incoming CEO Steve Jurkovich to bring a new approach to Kiwibank, and fit in well with the state owned bank's NZ Super Fund and ACC shareholders
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Kiwibank half-year profit down a third

23 Feb 18, 9:57am

Gareth Vaughan

3 comments

Kiwibank interim profit drops $21 mln to $42 mln after IT impairment and higher expenses, no new permanent CEO yet
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Good times rolling again at the big 4 banks

11 Dec 17, 2:01pm

Gareth Vaughan

5 comments

New Zealand's Australian owned banks deliver their shareholders a stellar September quarter as Kiwibank wrestles with its core banking system impairment
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IT project that will 'not proceed without significant changes' still has value

14 Sep 17, 10:12am

Gareth Vaughan

4 comments

Even after a $90 mln impairment, Kiwibank's now largely redundant core banking system upgrade appears to still be valued in the millions
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'If we don't act now in five years time we won't have a business'

4 Sep 17, 9:58am

Gareth Vaughan

Gareth Vaughan looks at Kiwibank's big IT about-face and suggests the recent shareholding change at the bank is the driving force behind it
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Kiwibank profit smashed by big IT impairment

1 Sep 17, 10:00am

Gareth Vaughan

11 comments

Big IT project impairment hits Kiwibank's profit hard as new look board influenced by new shareholders reviews strategy
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Kiwibank CEO Paul Brock heads for the exit

22 Aug 17, 1:42pm

Gareth Vaughan

4 comments

Paul Brock, Kiwibank's CEO of seven years, resigning at end of the year
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Kiwibank board rejig

10 Apr 17, 10:36am

David Hargreaves

Kiwibank's chairman Rob Morrison and his deputy Rhoda Phillippo both resigning
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Kiwibank credit rating lowered by major agencies

1 Mar 17, 1:51pm

David Hargreaves

Both Moody's and Standard & Poor's have dropped their ratings a notch for the state-controlled bank following its ownership shuffle
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Rising costs hit Kiwibank's December quarter performance

21 Feb 17, 9:59am

Gareth Vaughan

Expense growth outstrips income growth at Kiwibank as net interest margin and funding costs fall
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Kiwibank interim profit slips 11%

20 Feb 17, 10:30am

David Hargreaves

4 comments

Kiwibank says funding pressures, bank infrastructure spending and Kaikoura earthquake contribute to reduced $63 mln after-tax profit; net interest margin drops below 2%
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Kiwibank ownership deal close to fruition - finally

15 Sep 16, 12:01pm

David Hargreaves

4 comments

The much-delayed deal for the NZ Super Fund and ACC to become major Kiwibank shareholders may now be completed within weeks
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'Having money in the bank protects your capital'

29 Aug 16, 10:21am

Gareth Vaughan

CEO Paul Brock says Kiwibank's still finding ways to compete for deposits in low interest rate world; Core banking system upgrade halfway there
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Super Fund & ACC's Kiwibank deal apparently inching closer

26 Aug 16, 9:58am

Gareth Vaughan

NZ Post says NZ Super Fund & ACC have completed Kiwibank due diligence, now seeking 'timely conclusion' of sale of 45% stake
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