Innovate, use data smartly or die, ANZ's CEO tells banks

Shayne Elliott says banks that can’t work with Big Tech will ultimately fail. Not using data in creepy ways helps too.

Innovate, use data smartly or die, ANZ's CEO tells banks

“Made in Australia” means safe for many Asians worried by food scandals in their own countries but how to prove the provenance of goods in a region where counterfeiting is rife

ANZ has partnered with US technology firm Cisco to help farmers in Australia sell their grain to wary merchants in Asia. Using cutting edge distributed ledger technology, the Australian bank is documenting and guaranteeing every step in the grain supply chain.

...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: banks | loans | payments | fintech | mobile banking | anz | shayne elliott

Print Edition

FinanceAsia Print Edition

EVENTS