Business
ANZ half-year results: Shayne Elliott’s big worry isn’t what you think – The Australian Financial Review
Last November, ANZ chief executive Shayne Elliott told his board his biggest worry was COVID-19. But it wasn’t the virus itself he feared.
Whats going on, Elliott says, is a period of incredible change as banking is essentially unbundled. The idea that a bank could be everything to everyone transaction accounts, personal loans, mortgage, credit card is disappearing because of changing consumer behaviour and the rise of fintech.
Elliott argues banks will increasingly have to choose what they will and wont do, and use partnerships and alliances to both differentiate their product offering from their rivals and free up capital to invest…
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