​Westpac Bumps 1H16 Technology Invest Up Simply By 12 %

Westpac Group noted a 13 percent lift year on year in technology costs, which was reflecting of ongoing investment programs that saw the delivery of an amount of technology advancements. Throughout the half year, the company put in AU$914 mil on technology. Specifically, AU$74 million had been spent on some other technology, which included investing in strengthening the companys cybersecurity; another AU$35 million went to data processing; and AU$308 million, which composed a majority of technologies expenses for the period, has been invested in technological innovation services.