Briefs: CBA CIO sets priorities, Unicredit offers 'referral payment', Fitch reviews Volkswagen credi 22 October 2014 4:28PM John Kavanagh Briefs, Commonwealth Bank will emulate tech companies like Google by opening up its internal technology systems and data capabilities to outside application developers, the bank's chief information officer told the Australian Financial Review. CIO David Whiteing, who has been in the job since August, said said the days of massive billion dollar tech upgrades were over for the bank. Whiteing has made it a priority to simplify the systems that exist within the bank following years of acquisition activity. Perth ADI Unicredit said it would make a "referral payment" of A$1000 for any new home loan application over $250,000 from an existing customer's colleague, friend or family member, as long as the loan is funded and approved before December. Unicredit is offering a two-year fixed rate of 4.69 per cent. Fitch Ratings yesterday provided insight on Volkswagen Financial Services' credit experience. On the Driver Australia One Trust's asset-backed floating-rate notes, net losses since closing have reached 0.06 per cent of the original portfolio balance. Delinquencies (overdue 30 days or more) were 0.48 per cent, well below Fitch's June 2014 "ABS Dinkum index" of 1.14 per cent. The Worker Council at Bank of Queensland "is encouraging all to vote NO" to a new enterprise agreement, the Finance Sector Union said. The BOQ offer is for a pay increase for employees who achieve a performance rating of 'competent' or above of three per cent for first year of agreement and 2.75 per cent for second and third years, with an additional pool of 0.25 per cent to be distributed at managers discretion. David Walker, a principal of Allion Legal in Sydney, has been appointed to the board of mortgage company Firstfolio. The board is chaired by industry veteran Eric Dodd. The governor of the Bank of England, Mark Carney, has launched a review of the worst disruption to Britain's banking system in seven years, the Financial Times reported. The BoE said part of its real-time gross settlement system, which underpins large transactions between banks, had been "paused" after routine maintenance. As a result, the Chaps payment system, which processed £277 billion a day last year, was down for more than nine hours.