Westpac Moves all Trade Processing To Central Operation in Sydney
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Westpac is nearing the end of a project to centralize all its global trade-processing operations at its Sydney headquarters. Bank officials say this centralization initiative is designed to streamline back-office processing, reduce errors and cut costs.
David Issa, head of technology at Westpac's institutional banking group, says the bank started its centralization project just over two years ago, and is now close to finishing the effort.
Separately, the bank also plans to upgrade its global
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