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ANZ inks $450 million agreement with IBM

ANZ inks $450 million agreement with IBM

The deal involves a co-investment of an Innovation Lab to increase productivity, and provide new products and services

ANZ has signed a five-year $450 million strategic agreement with IBM to help support the bank's growing tech requirements.

The agreement involves access to IBM’s software portfolio, a co-investment of an Innovation Lab, Cloud development capabilities and core systems infrastructure.

The Lab allows ANZ to increase productivity, deliver new products and services to market quickly, and improve the customer experience. It will be powered by IBM’s Cloud development platform-as-a-service, Bluemix, enabling developers to build, test and deploy new applications and services.

The deal will also see IBM deploy its z13 mainframe and Power8 infrastructure as part of its Cloud-based environment. The infrastructure will provide the bank with the reliability, security and resiliency to help service the needs of mobile customers across its network.

The large catalogue of IBM integration, content management, data, analytics and cloud software will support ANZ’s core banking and infrastructure needs, and will help the bank gain deeper insights of its nine million customers.

“Understanding our customers’ needs and preferences around mobile and digital banking is critical to our business,” ANZ CIO, Scott Collary, said. “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.”

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Tags digital bankingIBMANZ Banking Group Ltdmobile bankingcloud computingdigital bankingBluemix

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