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ANZ Banking Group leverages SaaS for global growth

ANZ Banking Group leverages SaaS for global growth

ANZ leverages SaaS to support its global growth strategy

ANZ Bank leverages SaaS for global growth

ANZ Bank leverages SaaS for global growth

ANZ’s international expansion strategy will see an expanded use of a software-as-a-service (SaaS) platform to support its global trade program, supported by an extended seven-and-half-year agreement with technology and business process firm CGI Group.

The bank has used CGI’s Trade360 SaaS platform since 2001. An extended agreement enables the bank to consolidate its partnerships with domestic and overseas customers. The agreement consolidates the bank’s global footprint and the goal of becoming a “super-regional bank,” according to Wayne Jobson, global head of trade and supply chain platforms at ANZ.

Expanding the footprint

“With CGI Trade360, we can give every customer the ANZ experience wherever they bank with us,” Jobson said. “It allows us to deliver consistency to our customers, leverage global synergies and seamlessly expand our footprint.”

The CGI platform remains essential to ANZ’s international expansion plans, Johnson said. “It is the one platform we use across our trade business globally in 28 countries.”

Scott Ayer, senior vice-president of CGI in Australia, said the group’s banking and financial markets expertise enables it to work with some of the world’s leading banks. These relationships are helping streamline trade, payments and collections processes.

Trade360 offers the software, infrastructure and support resources to power a bank’s global trade business. The SaaS platform enables financial institutions to provide wide-ranging traditional trade, payables, receivables and cash management services for its worldwide customers.

Delivering cloud savings

Increasingly, banks and business enterprises are leveraging SaaS and other cloud services to deliver organisation-wide savings. These savings stem from reducing internal operating costs and gaining access to more cost-effective and fully integrated global trading platforms.

With a front-end corporate user base of 15,000 worldwide, Trade360 is being used by financial institutions in more than 40 countries and 95 locations across Asia, Europe, North America and Oceania.

New releases feature collateral management for commodity finance. These capabilities enable banks like the ANZ to further expand its trade banking services for corporate clients.

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Tags anz bankSoftware-as-a-Service (SaaS)CGI Groupglobal tradingCloudbankingfinanceFinancial Servicesfinancial institutions

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