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Bank computing in a changing economic environment: the IBIS project in New Zealand

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This paper examines a major bank computing redevelopment attempted in New Zealand in the 1980s - the IBIS project. After the expenditure of some hundreds of millions of dollars this project was not proceeded with and this paper looks at the factors that led to its eventual failure. We find that dreams of banking technology can be as costly as other failures experienced by banks, and that banks must have regard to the competitive environment in building their computer systems.
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Keywords: IBIS project; New Zealand; banking technology; computers; project budgeting

Document Type: Research Article

Affiliations: 1: Massey University Tennent Drive Palmerston North New Zealand +64 (6) 3505799 Extn 2329 +64 (6) 3505651, Email: [email protected] 2: Massey University Tennent Drive Palmerston North New Zealand +64 (6) 3505799 Extn 2337 +64 3505651, Email: [email protected]

Publication date: 2004-11-01

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