ANZ signs innovation partnership with IBM

Businessmen shaking hands

ANZ has signed a $450 million deal with IBM in an effort to drive productivity and innovation across the institution. The five-year partnership allows ANZ to access IBM’s software portfolio, cloud development capabilities, innovation lab, and core systems infrastructure.

ANZ chief information officer Scott Collary said: “Understanding our customers’ needs and preferences around mobile and digital banking is critical to our business and to providing a superior customer experience.”

He added: “We therefore need to ensure we’re meeting these needs in an innovative, consistent and seamless way and, with this partnership with IBM, we’re working to achieve this goal.”

The agreement is designed not only to drive innovation but to enhance digital and mobile channels, as well as support ANZ’s regional expansion.

The IBM client director for ANZ Bank, Scott Barlow, said: “This new agreement continues to build on this by enabling ANZ access to an arsenal of leading edge technology to provide the agility, speed and innovation essential in the rapidly changing financial services marketplace.”