It seems it is not just the behaviour of reckless bankers that is under the watchful eye of the banking commission. Outdated in-house IT systems are now being looked into to help smooth peoples move when switching banking provider.
The commission has highlighted common platforms as a key component to help consumers switch banks more easily. It is unlikely that any of the banks will react quickly and make a sudden move to more agile IT. It seems the financial sector is still a little reluctant to move systems to outsourced providers preferring to have in-house systems and expertise.
Smaller less critical systems may at some point in the near future be moved to the Cloud but it will be interesting to see how technology moves in this sector.
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