From this newspaper’s exclusive interview with ANZ chief executive Shayne Elliott in December, we learned “he had been reluctant to talk to the market about [the bank’s] tech transformation until the 850-strong team working on ANZx had something to show for [it]“.
Elliott’s purported reluctance is completely irreconcilable with the bank’s rampant loquacity regarding ANZ Plus – ANZx’s consumer-facing platform – before it does anything remotely useful for those consumers.
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Joe Aston is the founder of Rampart and the best-selling author of The Chairman’s Lounge: The inside story of how Qantas sold us out. From 2012 to 2023, Joe helmed The Australian Financial Review’s Rear Window column. Email Joe at hello@rampart.news