ANZ Bank Company Updates | Glassdoor.co.in

Company Updates

  • Alexis George shares insights she has gained from David Morrison on how leaders should be keepers of culture:

    "Culture is expressed in the stories we tell ourselves about ourselves. If those stories are inclusive and respectful of all genders, races and cultures, they are a powerful tool in creating a positive culture."

    Leaders must be the custodians of culture

    Morrison says culture is expressed in the stories we tell ourselves about ourselves. If those stories are inclusive and respectful of all genders , races and cultures, they are a powerful tool in creating a positive culture. "[However] if those stories focus on certain attributes; gender - male, ethnicity - Anglo-Saxon, then all of a sudden...

  • Andrew Cornell, Managing Editor ANZ bluenotes, on revolutionary non-banks offering digital banking services:

    "While these would-be disrupters may not want to become banks, regulators may demand it – because once any revolutionary achieves sufficient market size, governments and regulators start to fret about systemic risk, deposit safety and consumer backlash should something go awry."

    Non-banks: looking like banks, acting like banks, regulated like banks

    The issue is this: revolutionaries, be they fintech, big tech, neo-banks, non-banks, challenger banks , promise to upend the centuries old model of banking institutions. The catch is, as they do this, how do they avoid becoming banks themselves? "The average US technology firm deals with 27,000 government regulations.

  • Melissa Currie, Visual Production Editor ANZ bluenotes, pinpoints recent advances for the LGBTIQ+ community and underlines the positive impact inclusion has on worldwide GDP:

    "When the link between LGBTIQ+ inclusion and Gross Domestic Product (GDP) per capita at a macroeconomic level was tested, a positive correlation was discovered. More to the point, research found a correlation between rights related to homosexuality in a country and that country’s level of economic development – meaning more rights are associated with higher GDP per capita."

    INFOGRAPHIC: LGBTIQ+ rights across the globe

    2018 in particular brought some moments in history for LGBTIQ+ rights - the LGBTIQ+ community in Australia were able to ring in the new year and rejoice in the knowledge Australians across the country had said 'yes to love' after same-sex marriage legislation was passed; transgender people were no longer considered to be mentally ill after the World Health Organisation reclassified 'gender incongruence' ; and, in a landmark ruling, the European Court of Justice granted same-sex spouses the same freedom of movement rights as straight couples.

  • Andrew Cornell, Managing Editor bluenotes, showcases ANZ CEO Shayne Elliott's feedback on the slowdown in home lending:

    Elliott: tighter conditions ahead for mortgage markets

    "As a strategic choice, ANZ decided that we prefer - not exclusively - but we prefer to be in the owner-occupier space. We think it's an area where we can add value to customers, we think its lower risk and we think it's something we can do really, really well."

  • Lynwen Connick, CISO ANZ, analyses the talent gap in cyber security and how a lack of women in the field is a factor:

    "Cyber security is about all of us yet women currently represent only 20 per cent of the cyber security workforce worldwide (in Australia this is estimated to be slightly higher at 25 per cent). This is cause for alarm because it’s a key factor in the massive talent shortage in this crucially important field."

    Cyber experts and the talent gap

    A counsellor at Melbourne University explained I needed another subject and suggested computer science. I wasn't sure what that meant but being adventurous I thought I'd give it a go. "What cyber security experts do is so important and underpins so much of what's happening in the world." I just loved it.

  • Dr Ayesha Khanna, Co-founder & CEO of ADDO AI, talks about change and AI:

    "It’s all about staying relevant as disruption and automation happens. You can’t save yourself from automation unless you know what’s being automated and create something on top of it."

    The fourth industrial revolution and AI opportunities

    The economic outlook is as uncertain as it has been for a decade. On top of short-term risks, businesses must navigate more fundamental challenges to the commercial environment, as digital It's not just ecommerce and Co-founder and CEO of AI advisory firm and incubator ADDO AI, Dr Ayesha Khanna is a world leader in thinking about how the fourth industrial revolution will impact businesses globally.

  • Brett Foley highlights the next steps ahead for ANZ in view of the banking Royal Commission:

    "A working group formed to study the report’s implementation led by Deputy CEO Alexis George and Group General Counsel Bob Santamaria is meeting for the first time next week. The group plans to go through the 76 recommendations to understand what the bank can do with or without legislation, George said. It will also consider some of the structural changes that might come in the future, she added."

    Elliott: responding to the Royal Commission

    It must first respond to the 76 recommendations and do the work necessary to comply with the new rules, assuming they all become law, Elliott said in a message to staff. Secondly, and more importantly, he said ANZ must look at the spirit of Commissioner Kenneth Hayne's final report, what its intentions are and what the bank can learn from the process.

  • Bianca Hartge-Hazelman, founder of the Financy Women’s Index (FWX), discusses the economic progress of women:

    "More Australian women than ever participated in full-time employment with the number exceeding 3.21 million last year.

    Indeed the pace of full-time employment growth among women rose by 4 per cent in 2018 and has out done men (+2 per cent) in the 12 months to October 2018."

    Will 2019 be a game changer for economic equality?

    The result was supported by records being broken in full-time work, female participation rate, the gender pay gap and the number of women pursuing tertiary education. However a significant gender gap in retirement savings continued to weigh on the Index, as did a slowing in progress in ASX200 corporate board appointments .

  • Gemma Simpson, Digital Producer at bluenotes, investigates the increasing trend of payments via mobile wallets:

    "ANZ data shows a 140 per cent increase in the volume of what are called 'mobile wallet' – digital - transactions in the year to December 2018."

    Disappearing payments

    Today, increasingly, they're not. More and more transactions, where we are actually present, are happening as if we're not. They're almost invisible. And the shift is happening more rapidly than ever before. ""You can see movement towards a cashless economy; a cashless society. That is all supported by mobile wallets."

  • Managing Editor of bluenotes, Andrew Cornell, addresses the future of financial services in 2019:

    "Critically, barriers to entry are falling and financial institutions’ historic near-monopoly over financial intermediation – borrowing, lending, payments, risk management – is eroding."

    Goat entrails and banks

    Globally and in our region, the "spontaneous urge" is more about inaction than action. The reasons are manifold: Donald Trump with his trade wars , unpredictable behaviour, irrational policy measures; general elections looming in Australia, India, Indonesia and elsewhere (which always result in a deferral of spending decisions); an inverted yield curve (where longer term interest rates are higher than shorter term ones, historically presaging recessions); and geopolitical uncertainty.

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