Core overhaul, junked credit card platform put $29.4m bite on ME Bank

By Julian Bajkowski on Sep 19, 2019 12:52PM

Afterpay hangover hits hard for Industry Super.

A long-running core system replacement at Industry Super owned ME Bank has chalked-up another $15 million in costs, with the branchless union-backed institution also junking a $14.4 million credit card platform rollout because of buy-now, pay later services. The big ticket write offs for the ...

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.

Already have an account? Log in to read this article.

Got a news tip for our journalists? Share it with us anonymously here.