After reading the article I'm a little confused about how much of the internal IT is being dumped. All or just the "integration" people (whatever the hell that means). Is +James Gemmell able to comment?
It's all true. ;-) Keep in mind is that this is in the context of the retail banking transformation (aka NextGen.) IMHO Ubank's resounding success is largely due to Big O's retail banking platform. NextGen is a massive programme of work and Slater is correct - data migration is key. By no longer playing systems integrator NAB will remove itself as the perpetual applicator of the web and mobile lipstick onto the mainframe pig.
As glad that I am that UBank actually works on the Big-Os platform; I'm sad because I know that it would have been cheaper to build and run on another platform which means maybe they could keep their interest rates up ;)
NAB : Oracle's new Beta Testers.