Bank Computing in a Changing Economic Environment: The IBIS Project in New Zealand

Accounting Business & Financial History, Vol. 14, No. 3, pp. 301-315

Posted: 23 Feb 2007  

Claire D. Matthews

Massey University - School of Economics and Finance

David W.L. Tripe

Massey University - School of Economics and Finance

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

Suggested Citation

Matthews, Claire D. and Tripe, David W.L., Bank Computing in a Changing Economic Environment: The IBIS Project in New Zealand. Available at SSRN: https://ssrn.com/abstract=964821

Claire D. Matthews (Contact Author)

Massey University - School of Economics and Finance ( email )

Private Bag 11-222
Palmerston North, 30974
New Zealand

David W.L. Tripe

Massey University - School of Economics and Finance ( email )

Private Bag 11-222
Palmerston North, 30974
New Zealand

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