Suncorp’s Oracle core finally junked, leaves $90m crater – Finance – Cloud – Software

Suncorp has at last junked the total rollout of its extended-troubled Oracle core banking program replacement, with the beleaguered program leaving a $90 million crater on the bank’s guides.

The Queensland headquartered establishment on Monday at last drew a financial line beneath the beneath-performing implementation, scheduling in a significant impairment in an update to shareholders following struggling with the system for more than four yrs.

“The pitfalls involved with deploying the incomplete modules in the present unsure natural environment have resulted in a minimal probability of completing the implementation in the in the vicinity of expression,” Suncorp advised weary traders

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