Technology

Cloud computing has revolutionised the delivery of IT services and transformed IT functions within business and government.

The benefits of cloud computing, including lower capital investment and the ability to scale usage up or down to meet unpredictable business demands, are hard to deny. However, cloud computing presents data governance, compliance and contracting challenges that need to be effectively managed.

Due diligence on service providers is essential if you are to keep valuable corporate data secure and comply with applicable privacy and other regulation. With different service providers in different jurisdictions often providing the infrastructure, platform and application layers for the same cloud computing service, such due diligence can be challenging. Cloud computing contract models are not mature, and a significant divide often exists between the expectations of service providers and their customers on the allocation of contractual risk.

We advise leading technology service providers and users on the full range of technology related legal issues, including cloud computing, IT and business process outsourcing, digital transformation, systems integration, data security, regulatory compliance and acquisitions and disposals of technology businesses.

Corrs consistently provides pragmatic, actionable counsel, which is a pivotal strength of the practice. The pragmatic approach of the Corrs team underscores the practice's deep comprehension of real-world challenges and emphasis on results-oriented guidance.

Chambers Asia Pacific

Adobe

Advised on its arrangement with the Australian Federal Government to provide the “core customer experience technology” platform that will underpin the new myGov digital services platform.

FNZ

Advising on its joint venture with Colonial First Estate to develop a market leading technology platform for the wealth management industry.

ING

Advised on all aspects of ING’s implementation of the new “consumer data right regime” which implemented open banking in Australia.

CBA X15

Advised the launch of two game changing products for Australia’s financial services technology market: Unloan and Kit. Unloan is a digital loan service that, leveraging open banking data, can approve home loans within 10 mins and Kit is a money app and digital information tool that helps children manage their savings and spend with a card.