The former boss of Google in Australia, Maile Carnegie, says there is no reason ANZ Banking Group cannot become as innovative as the internet pioneer and she will need to help it move quickly to fend off growing competition from fintech disrupters and global technology giants.
Speaking to The Australian Financial Review ahead of an appearance at the AFR Innovation Summit on Thursday, Carnegie predicts a new competitive landscape for the financial services industry where banks will both compete and collaborate with other companies whether they be start-ups or giants like Apple.