BT Financial Group Honoured in 2009's CIO 100 Awards


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

The prestigious CIO 100 Awards honour 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.

http://www.thoughtworks.com/

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 AUS$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.

http://www.bt.com.au/investors/



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