ANZ Bank boss Shayne Elliott tells Melbourne Fintech Meetup he's ready to invest

New ANZ Bank boss Shayne Elliott is recruiting for a head of digital banking, who will be told to partner with start-up technology companies that can teach the 180 year old bank how to improve its customer service.

The bank is set to acquire and invest in emerging companies with technology that is disrupting the financial services sector, but more critically Mr Elliott wants to forge partnerships to improve ANZ’s in-house capabilities.

“Investing in start-ups is not hard for banks, we have lots of money to write cheques, the difficult thing is figuring out how we can internalise that intellectual capital,” he said.

“We are currently recruiting for a newly created role of head of digital banking, reporting directly to me, and I will be asking them to think a lot about the role partnering can play.”

Source: ANZ Bank boss Shayne Elliott tells Melbourne Fintech Meetup he’s ready to invest