National Australia Bank is conducting a far-reaching review of the technology and platforms used by its online trading unit and private wealth arm JBWere, as part of plans to simplify and upgrade the lender’s ageing systems.
The review is looking at a range of options, including modernising the platforms and systems at nabtrade and JBWere, or outsourcing functions to third-party suppliers, people with knowledge of the review but not authorised to speak publicly said. A NAB spokeswoman declined to comment.
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