By
Kate Weber
on May 5, 2021 4:36PM
Without dampening its digital progress.
ANZ Banking Group will sharpen its focus on self-service, streamlining processes and automation as it looks to reduce costs by $900 million over two years without forfeiting the benefits of its existing investments in technology.
The bank said its cloud migration plan will play a key role in driving down its cost base as implementation of digital tools will lead to a natural decline in overall banking costs.
In its half yearly results, ANZ reported its goal was to see a $1.4 billion spend on technology by 2023 which encompassed investments in cloud services, banking platforms, data storage, security and divisional platforms.