But the digital revolution gaining pace across the world has been a gamechanger, allowing large banks to offer platforms that provide these traditional services at a scale and scope not imagined even a decade ago.
These channels can help businesses seamlessly and quickly deliver domestic and international payments, manage liquidity, improve cash security and even access advice on cashflow digitisation and treasury processes.
We’ve made it a priority to develop our payments and cash management business into a world-leading provider of these services. We also provide the ability for our clients to use our technology, systems and expertise to deliver services to their end customers, placing ANZ at a critical and valuable point in the ecosystem.
This year, ANZ’s payments and cash management (PCM) business facilitated the movement of $164 trillion in all payments and capital flows to, from and within the markets in which we operate, and either cleared or provided payment services to more than 90 per cent of the world’s globally systemic banks. This enterprise business has enormous economies of scale and this year’s results are a major step forward.
The…
