ANZ has been quizzed over the short-term execution risks of its new technology platform ANZ Plus, which is costing $400 million a year – just over $1 million a day – to develop and operate.
By September next year, every new ANZ customer will be accessing the bank through the new platform, the Melbourne-based lender said, allowing it to be more nimble in offering savings accounts, home loans and credit cards under a new chief executive.
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James Eyers writes on banking, finance, payments, regulation and emerging technologies. Based in Sydney, he is a former legal and investment banking editor at the AFR and has been a business journalist for more than 20 years. Email James at jeyers@afr.com.au
