Money

Issue No. 5 - April/June 2002

Quantas Credit Union win for Local IT

Adelaide IT systems group Data Action and an international partner have won a multimillion-dollar contract to provide core banking services to one of Australia’s largest credit unions.

Qantas Staff Credit Union–approximately $1 billion in assets–has contracted Data Action to implement and manage the London Bridge Group’s Phoenix Core Banking System for the next seven years.

The solution will reform QSCU’s entire IT platform, including the client/server based banking system, ancillary systems for loan and debt management, Internet-based services, member relationship management and network management, and will be operated from Data Action’s Adelaide-based bureau facility.

The contract follows several recent Data Action successes, including the Melbourne-based Members Australia Credit Union, Defence Force Credit Union, BHP Employees Credit Union, Esso Employees Credit Union and BP Employees Credit Union and the Sydney-based Unicom ...

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