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 ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Copyright © iTnews.com.au . All rights reserved.
Tags:
amortisation anz asset bank banking capitalisation commonwealth core nab overhaul software westpac

Most Read Articles

ATO moves to break up $1bn Optus megadeal

ATO moves to break up $1bn Optus megadeal
NBN Co shows its top user now hits 26TB a month

NBN Co shows its top user now hits 26TB a month
Inside Infosys' complex Centrelink payments calculator overhaul

Inside Infosys' complex Centrelink payments calculator overhaul
Google co-founders step aside as Pichai takes helm of parent Alphabet

Google co-founders step aside as Pichai takes helm of parent Alphabet
You must be a registered member of iTnews to post a comment.
| Register

Whitepapers from our sponsors

Are you getting profitable outcomes from your IT?
Are you getting profitable outcomes from your IT?
Your Microsoft Security journey starts here
Your Microsoft Security journey starts here
Is your AWS framework well-architected?
Is your AWS framework well-architected?
Why you should reassess your cybersecurity posture
Why you should reassess your cybersecurity posture
How will you manage the cloud data deluge?
How will you manage the cloud data deluge?

Events

Log In

Username / Email:
Password:
  |  Forgot your password?