Powered by MOMENTUM MEDIA
subscribe to our newsletter

ANZ forms strategic partnership to boost innovation

The major bank has partnered with a cloud-based data-sharing platform to speed up innovation.

ANZ has announced a strategic investment partnership with local start-up Data Republic to gain access to data-sharing environments.

Data Republic offers a “data control centre” to organisations for the storage, categorisation and sharing of data.

ANZ aims to begin using the cloud-based platform from the end of March to share data with third parties while maintaining its governance and auditing frameworks.

ANZ’s chief data officer, Emma Gray, believes that the platform could help ANZ deliver positive consumer outcomes.

Advertisement
Advertisement

“Using data analytics and insights to deliver better customer outcomes more often is an essential part of how we need to operate in the digital economy,” Ms Gray said.

“This partnership allows us to get more out of the data we already have, but in a safe and secure environment that provides the highest levels of governance.

“Through the cloud-based platform, we will now be able to access trusted experts and other partners to develop useful insights for our customers in hours rather than months.”

Data Republic CEO Paul McCarney expects the partnership to allow ANZ to manage risks associated with open banking.

“We are very excited to welcome ANZ as both a strategic investor and technology client,” Mr McCarney said.

PROMOTED CONTENT


“ANZ clearly understand the importance of secured data sharing practices in today’s data-driven economy.

“This partnership is about ANZ investing in the right technology to future-proof their data collaboration capabilities and will ultimately position ANZ to overcome many of the challenges and potential risks associated with open data, data sharing and the federal government’s recently announced open banking reforms.”

[Related: ANZ to embrace ‘barrier-breaking’ technology]

ANZ forms strategic partnership to boost innovation
mortgagebusiness

Are you a new-to-industry broker in the process of growing your business? Then there’s some great news: The Adviser’s New Broker Academy is back in 2021 and will provide you with essential insights into cutting-edge tools, strategies and processes to fast-track to success. Don’t miss your chance to attend. To secure your FREE place, visit newbroker.com.au now!

Charbel Kadib

Charbel Kadib is the news editor on the mortgages titles at Momentum Media.

Before joining the team in 2017, Charbel completed internships with public relations agency Fifty Acres, and the Department of Communications and the Arts.

You can email Charbel on: This email address is being protected from spambots. You need JavaScript enabled to view it.

Latest News

Reverse mortgage lenders have accessed a small fraction of the potential retiree housing market in Australia, according to Deloitte. ...

Pepper Money has priced its second I-Prime deal for the year, upsizing the figure to $850 million. ...

The LMI provider has announced a new CFO following the resignation of its current CFO, effective 24 September. ...

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

How long do you think it should take to discharge a mortgage?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.