ANZ bank has deployed Google Cloud in an effort to enhance its data and analytics capabilities.
Announced at Google’s Cloud Summit in Sydney, the bank expects the Google Cloud Platform to accelerate the delivery of data-driven business insights to ANZ’s institutional customers.
“Increasingly, our institutional customers are looking to us for strategic partnership in addition to the financial products and services we offer. The cloud based platform can give our bankers meaningful data insights instantly – as it allows us to process data 250 times faster,” ANZ head of data and digital Joss Raines said.
“Over time we can help customers make informed business decisions more quickly on issues like liquidity, risk and cash management, or strategic calls like store locations, inventory and market positioning.”
The deployment follows a proof-of-concept, which used GCP to analyse aggregated, de-identified data sets for customer insights automatically, a task previously done manually.
“We are delighted to be working with ANZ on their innovation journey to help deliver a better experience for customers,” Google Cloud ANZ country director Colin Timm said.
“Our teams are collaborating to deliver value across the Google Cloud Platform, with focus
on where it matters most for customers in analytics, application development capabilities
and machine learning to accelerate innovation across the bank.”