Australia's ANZ is tapping into Google Cloud in order to boost its data and analytics capabilities and deliver better business insights to its institutional customers.
The bank has been working on a proof-of-concept which used Google's secure cloud technology to analyse aggregated, de-identified data sets for customer insights, a task previously done manually.
The platform has let ANZ process data 250 times faster, says head of data and digital, institutional, Joss Raines, prompting a full rollout.
"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," says Raines.
Colin Timm, Google Cloud country director, Australia and New Zealand, adds: "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."