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Bank Computing in a Changing Economic Environment: The IBIS Project in New ZealandClaire D. MatthewsMassey University - School of Economics & Finance David W.L. TripeMassey University - School of Economics and Finance, Palmerston North and Wellington Accounting Business & Financial History, Vol. 14, No. 3, pp. 301-315 Abstract: 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.
Keywords: Banking technology, Computers, New Zealand, IBIS project, Project budgeting JEL Classification: G21, O32, O33 Accepted Paper SeriesDate posted: February 23, 2007Suggested CitationContact Information
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