Big four banks sitting on software mountain

By on
Big four banks sitting on software mountain

KPMG finds big jump in software assets.

Australia's big four banks are carrying fatter capitalised software balances compared to last year as they overhaul core systems, audit firm KPMG has found. Capitalised software on a balance sheet reflects costs already incurred but to be expensed at a later date, generally after the technology ...
You must be a registered member to access this content.
Registration is FREE.
Please or register now to get unlimited access.
Why sign up?
  • Unlimited access to iTnews content and take part in discussions with comments on blogs, news and reviews.
  • Full use of over 20,000 articles database covering breaking news, video interviews, case studies, research, product reviews and exclusive features.
  • Daily newsletter bulletin delivered direct to your inbox covering the latest industry news from Australia/NZ and around the world.
Register now, it's free!
Copyright © iTnews.com.au . All rights reserved.
Tags:
amortisation anz asset bank banking capitalisation commonwealth core nab overhaul software westpac

Most Read Articles

Ransomware strikes Victorian speed cameras

Ransomware strikes Victorian speed cameras
NBN Co adds 50 new suburbs to FTTC rollout

NBN Co adds 50 new suburbs to FTTC rollout
Ombudsman stunned by Vic CIO's 'calculated nepotism'

Ombudsman stunned by Vic CIO's 'calculated nepotism'
First NBN FTTC areas unlikely to be able to order retail service

First NBN FTTC areas unlikely to be able to order retail service
You must be a registered member of iTnews to post a comment.
| Register

Whitepapers from our sponsors

Optimising Enterprise Data Centres for the Cloud
Optimising Enterprise Data Centres for the Cloud
Growing companies have a growing interest in technology
Growing companies have a growing interest in technology
RSA NetWitness® Endpoint. Respond 3X Faster to Threats
RSA NetWitness® Endpoint. Respond 3X Faster to Threats
Building platforms for future health and education
Building platforms for future health and education
Breach Level Index Report
Breach Level Index Report

Events

Log In

Username:
Password:
|  Forgot your password?