BT Financial Group Honored in 2009's CIO 100 Awards

* Reuters is not responsible for the content in this press release.

Thu Jul 30, 2009 11:24am EDT

SYDNEY, LONDON and CHICAGO, July 30 /PRNewswire/ -- ThoughtWorks is delighted
to announce that Australian BT Financial Group's 'BT Super for Life'
superannuation product, which was developed through a BT and ThoughtWorks'
partnership, has been honored in the global CIO 100 Awards this year.

The prestigious CIO 100 Awards honor 100 companies worldwide that are creating
new business value by innovating with technology. 

BT Financial Group, a leading Australian funds management provider and the
wealth arm of Australia's largest bank, Westpac, offers customers online
access to and control of their pension fund investments, completely integrated
with their regular banking products.  Government-mandated employer
contributions to employee's superannuation savings have made the Australian
funds management industry the 4th largest in the world. The new product, BT
Super for Life, combines over 70 complex banking systems online, providing
user-friendly access and 47% lower fees compared to average retail
superannuation products.

An integrated onshore and offshore ThoughtWorks development team worked
together with BT staff and third party vendors between February and October
2007 to create BT's vision.

ThoughtWorks Director of Sales and Marketing, Keith Dodds said that "an Agile
approach to software development allowed BT to develop a product that combines
the innovative use of technology with an excellent experience for BT/Westpac's
customers."

"The result is a low-fee, highly featured superannuation product that
integrates with online banking, provides simple lifestage investment
alternatives, converts credit card points to superannuation dollars and
provides no questions asked life insurance."

Catherine Galton, Head of Product for BT Super for Life, said: 
"The agility of the ThoughtWorks team and its focus on delivery were
fundamental to BT being able to create this revolutionary Super product. We
are passionate about simplifying superannuation and making it easier for our
customers to own and manage their life savings. With the advantage of our
ThoughtWorks partners and the benefit of the innovative technologies they
applied, we have been able to make the BT Super for Life vision a reality."

For further information about the product and the award category, the winner's
profile can be found at: http://www.cio.com/cio100/detail/1913

The BT Super for Life product has also won the SuperRatings Fund of the Year
award for Best New Product 2008 (within two weeks of its launch) and the 2008
Australian national iAward for Best Financial Application.

About ThoughtWorks 
ThoughtWorks is a global IT consultancy. We develop custom applications and
consulting services, delivered both on and offshore, with pride and passion.
Our leadership in Lean and Agile methods helps our customers create business
value sooner, more regularly and with less risk. 

About BT Financial Group
BT Financial Group (BT) has been helping Australians create and manage wealth
since 1969 and today is one of Australia's strongest wealth managers with more
than Australian $95 billion in total investments. BT is the wealth management
arm of the Westpac Group, Australia's largest bank. BT's core business is
providing investment, superannuation and retirement income products,
administration services, financial advice and insurance solutions through a
range of leading brands.


SOURCE  ThoughtWorks, Inc.

Katy White, ThoughtWorks, +44 (0) 20 7497 4500, kwhite@thoughtworks.com; Keith
Dodds, ThoughtWorks Australia, +61 2 9224 1713, kdodds@thoughtworks.com;
Catherine Galton, BT Financial, Head of Product - BT Super for Life, + 61 2
8253 6332, catherine.galton@btfinancialgroup.com
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.